Loans from £50 to £1000
WageMe are a direct lender and offer short term payday loans from £50 to £400 (existing customers may be able to borrow up to £1000) which must be repaid in full on your next payday.
About WageMe Loans
WageMe are a direct lender and offer short term payday loans from £50 to £400 (existing customers may be able to borrow up to £1000) which must be repaid in full on your next payday. They do not offer instalment loans. Applications for loans are made online and can be completed less than 10 minutes. Once the loan has been accepted, money can be in transferred into your account on the same day that the loan has been approved, if your bank accepts faster payments.
Representative Example: Loan Amount: £100 for 35 days, Interest: £28, Interest rate: 292%pa (fixed), One total repayment of: £128 Representative 1,212.3% APR
How quickly do I get my loan?
WageMe fund their loans during normal business hours, Monday to Friday 9am to 5pm. Your loan will be paid out the same day via Faster Payments if approved before 3pm and this is free of charge. Some existing customers can request loans via the My Account facility on their website and in some circumstances, in this case loans can be paid out 24/7.
How do I repay my loan?
Your WageMe Loan full repayment is collected on the agreed date directly from your debit card this will usually coincide with your regular wage payment date. You should ensure that you have the funds available in your account on the day of repayment. Missed payment can incur further interest being accrued to your existing loan amount.
What happens if I miss payments
If you think you will not be able to make a repayment you should contact WageMe on0207 993 0742 as soon as possible. WageMe may charge you a missed payment fee of £15 for not repaying your loan and interest will continue to be added to your loan balance up to a maximum of 100% of the amount borrowed (you will never pay back more than 100% of the amount you borrowed) It is important to realise that missed payments can leave a negative footprint on your credit score and can affect future loan applications. The customer care team are able to help with unforeseen financial problems, and it is much better to make an early call to them rather than missing a payment.
Loan Qualification Criteria
- You must be at least 18 years old to apply
- You must be in either full time or part time employment
- You must be a UK citizen
- You must have a UK bank account with a valid debit card
- WageMe are authorised and regulated by the Financial Conduct Authority
0207 993 0742 firstname.lastname@example.org www.wageme.com
Please be aware: Defaulting on your loan will negatively impact your credit rating! Late repayment can cause you serious money problems please be sure you can take on a loan. For facts on borrowing and advice we would recommend the following unbiased organisations: