Wizzcash

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Company Information

  • Company Name:
    Wizzcash
  • Website Address:
  • FCA IP:
    0642819
  • Business address:
    4th Floor, 7-10 Chandos Street, London, W1G 9DQ
  • Phone number:
    020 3740 7273

Wizzcash is a provider of short term instalment loans. These loans are designed for borrowers in need of a small loan to put towards any expenses that come up and create a short term cash shortage. Because Wizzcash is concerned with the financial well being of its customers, Wizzcash is devoted to responsible lending and offers straightforward advice regarding loan options. With a short term loan from Wizzcash, there are no hidden charges or misleading communication. Wizzcash is regulated by the Financial Conduct Authority to ensure fairness.

APPLICATION REQUIREMENTS:

Those interested in an instalment loan from Wizzcash should be aware of the few basic requirements that successful applicants must meet. Borrowers must be at least 20 years old. They also must be residents of the United Kingdom. In order to be approved, applicants need to be employed, and they need to be bringing home a monthly paycheck of at least £750.

LOAN AMOUNT AND CHARGES:

Loans offered by Wizzcash range in amount from £200 to £300 for new customers. However, repeat customers are eligible to borrow more. Those borrowing their second loan from Wizzcash can be approved for up to £1,000. The APR on a loan from Wizzcash will vary depending on how long the loan agreement is. Three month loans from Wizzcash have a representative APR of 993% while 12 month loans have a representative APR of 297%.

PROCESS:

Applicants can fill out a loan application online. The loan application will ask applicants for some basic information regarding the address and employment history of the borrower. After the application is submitted, a credit check will be run on the applicant. Then, a letter will be sent out that lets the applicant know whether he or she has been accepted. After being approved for a loan, loan underwriters from Wizzcash will contact the applicant to go over the details.

PAYMENT:

Borrowers will have either three months or 12 months to pay back their loan. Repayment is made in equal monthly instalments. If borrowers wish to pay off their loans early, they will not be charged a repayment fee. Paying off the loan early reduces the total interest charge on the loan and allows the borrower to save money.

115 Reviews of Wizzcash have been submitted - read the latest 3 below

Wizzcash are my favourite lender at the moment because up to now I have only ever used payday loans as a way of getting some spare cash in a hurry. I thought any other type of loan would take longer to get and when Wizzcash approved my loan quickly I didn't mind waiting a couple of days for the money to arrive but it is just nice to know that cash is on its way to you and that you have either 3 or 12 months to repay it depending on how much you have borrowed. I've only ever had a 3 month instalment loan so far but would definitely consider borrowing a bit more and repaying it over 12 months.

Review posted by Ryan Deakin, Beckenham

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Wizzcash is like a payday loan but with more affordable repayments over a longer period. I know it might work out a bit more expensive in the overall cost of the loan but personally I do find it a much more convenient way of borrowing small to medium amounts of money and I like using Wizzcash because they make the whole process as easy as a payday loan so I feel as though I am getting the best of both worlds. I think I would really only ever use a payday loan from now on if I was just borrowing a hundred pound or less.

Review posted by Lara Conway, Deptford

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

I was going for a payday loan and went online to see what was available and then the instalment loan section caught my eye and I gave the website a quick look first. I am glad I did because the instalment loan option worked out to be a much better type of loan for me. I could just about have managed borrowing the amount I needed on a payday loan but the instalment loan I have ended up with from Wizzcash is so much more affordable and convenient for me that I will always consider one of these loans again when i need to borrow 2 or 3 hundred pounds again in the future. As I usually only take out one or two loans a year this could work out much better for me.

Review posted by Gary Cooper, Tonbridge

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money