Wizzcash first began trading in 2012, and since their early days, they have now expanded into several sectors of the financial market. They are a company that takes pride in their responsible lending habits and low APR. They will only approve suitable candidates that they truly believe will be able to meet the repayment deadlines promptly, however they don’t hide behind additional charges and there are no fees for paying back a loan early.
As responsible lenders, clients wishing to make a payday loan application with Wizzcash need to be residing in the UK, over 18 years of age, and in current employment which sees them take home a minimum of ¬£750 each month. In order to complete the application process, customers will also need a valid email address and phone number.
LOAN AMOUNT AND CHARGES:
Wizzcash offer flexible payday loans of up to ¬£1000, and unlike other lenders, they give customers the chance to repay the amount over three months. They choose to offer this option because of their commitment to responsible lending. The APR rate on a payday loan with Wizzcash is 1265%.
The process of applying for a loan with this lender differs slightly depending on whether you are a first time customer or a returning client. This will also effect the amount you are entitled to borrow. After completing an application form, customers will be required to meet credit and affordability checks in order to obtain an approval. If successful, you will then be asked to sign the loan agreement electronically, via a link sent by email and an additional SMS code. A copy of your pay-slip or bank statement may also be required before funds will be transferred.
Funds can be transferred to successful applicants accounts within one hour, after the loan agreement has been electronically signed and reviewed by a member of the Wizzcash team. Repayments come out of the borrowers bank account automatically, in three equal parts. As mentioned above, there are no extra charges for customers wishing to repay their loans ahead of schedule.