When you’re shopping around for a quick cash loan to bridge the gap between a shortfall in your income and expenditure, you’ll see the majority of lenders advertising instant payday loans. In reality, there’s actually no such thing as an instant payday loan. Every loan you take out online should go through an application and approval process, and while this process can be very quick, you still have to wait up to 30 minutes for all of the necessary checks to take place.

As a responsible lender, we run credit and affordability checks to make sure we only approve loans for people who can afford them. We work with credit reference agencies including Equifax and Lending Metrics to run credit checks and access a customer’s suitability for a loan with us. This is good news for you, and for us, as it provides assurance that the repayments can be made. There are also no hidden costs or minimum repayment options that could extend the loan period for longer than it needs to be.

The truth is, any lender that does not take the time to review your application and run the necessary checks is not one you should do business with. So, while you may not receive instant cash here at Wizzcash, you will still receive a quick, convenient and affordable instalment loan; and, most importantly, you’ll have the assurance that all the relevant checks have been made.

How Can Quick Cash Loans Help Me?

A quick cash payday loan from Wizzcash is designed to bridge the short term gaps in your income and expenditure when something unexpected happens. We all have budgets to manage, with essential expenditure every month, such as rent, mortgage repayments, council tax, utility bills and living costs, balanced carefully against the money we have coming in.

Unfortunately, sometimes there are unavoidable expenses and financial emergencies that upset this careful balancing act and leave us out of pocket. A broken down boiler or repairs to your car are essentials you cannot do without, but you may not always have the spare cash to help fix these. At Wizzcash, we understand that the unexpected can happen, and in fact it usually does. Sometimes payday is just too far away, which is why we provide quick cash loans that can help to make what could be a difficult time, a whole lot easier.

If you’re approved for a Wizzcash loan, you can regain control of your finances and repay the loan over 3 months. Instead of unpaid bills, a cold house, or no car to drive you to work in the morning, you can tackle any unforeseen problems before they escalate.

What Do I Need To Consider When Taking Out A Quick Cash Loan?

You should never take out more money than you need, or apply for a loan you cannot afford. At Wizzcash, we allow all of our customers whether first time or existing to borrow up to £1000, but we also run credit and affordability checks so we can be confident you can make the repayments. There are a number of alternatives to payday loans that you may want to consider before resorting to a quick cash loan, but with the help of Wizzcash, you can have the money as soon as you need it.

How Much Will I Have To Pay Back On My Quick Cash Loan?

If you decide a quick online payday loan is the best option for you, you need to know exactly how much money you will have to repay before you apply for the loan. Some lenders make it easy to calculate the exact cost of the loan, while for others the process is much less transparent.

At Wizzcash, we have a payday loans calculator on our homepage that tells you exactly how much your loan will cost in pounds and pence. There are no hidden charges or percentage rates, just a simple system that allows you to see how many repayments you will have to make, and how much each repayment will be.

For example, if you wanted to borrow £300 over a period of 3 months, simply click the £300 box and the 3 month repayment term. Our calculator will then tell that you need to make three monthly repayments of £151.42, at a total cost of £455.

What Is The Annual Percentage Rate (APR)?

It is essential that prospective borrowers have all the information they need about quick loans to make informed decisions and fair comparisons. It’s a legal requirement that APRs are shown on financial products as this is the traditional way of communicating the cost to customers.

APRs are not necessarily the best way of assessing the cost of quick cash loans, because in many cases, the repayment period is much less than a year. However, they do still provide customers with a representative figure on which to compare the affordability of different lenders.

At Wizzcash, our loans have a representative APR of 1265%. Compare this to other lenders offering quick cash payday loans and you will soon see just how competitive our rates are.

QuickQuid – 1294.1% APR
Wonga – 1509% APR
Sunny Loans – 1299% APR
Wizzcash – 1265% APR
Payday Loans Now – 728.9%
My Jar – 1270%

[Research undertaken 07/06/16]

Why Is APR On Quick Cash Payday Loans So High?

Remember the reason why APR for payday loans is high because APR is calculated at an annual interest rate and is therefore taking a loan which lasts only a few weeks and multiplying it as though it was a year – leading to APR’s that run in the thousands.

Are My Details Secure When Applying For A Quick Cash Loan?

As a responsible and transparent lender, who are also FCA approved, you can be certain that all of your details will be safe when you apply for a quick cash loan with us. With expert encryptions and more included in the site, your online safety is our number one priority.

Do Wizzcash Practice Responsible Lending?

Here at Wizzcash, we are proud to be a responsible lender, who ensures that our customers always come first. Not only are we completely transparent with how much you can borrow, we also ensure that we only approve loans applied for by those who meet a specific eligibility criteria. This criteria means that for customers to be eligible they must be:

  • Over 18 years of age
  • A UK resident
  • In current employment and take home a minimum of £750 p/month

We are also dedicated to Treating Customers Fairly, and so we always put our customers at the heart of our business and ensure that we are contactable at all times.

How Soon Will I Receive My Quick Cash Payday Loan?

As soon as you apply for your quick cash payday loan, we will run a series of checks in order to determine your affordability, and match the right loan to your needs. As soon as our checks are carried out, we can provide you with a provisional answer straight away and if we need any additional details confirmed, then our underwriters will contact you. If approved, we aim to get your quick cash payday loan with you as quickly as within an hour!

When Will I Need To Repay My Quick Cash Loan?

This will be determined upon application, and you can repay your loan in 3 months depending on your situation and how much you’re looking to borrow. We aim to match your needs with the best loan for you in terms of affordability. If you are not accepted for a loan with us, we will pass your details onto an alternate quick cash payday loans provider who may be able to meet your requirements.

What If I Miss A Repayment?

Missing a repayment can have serious financial implications, but here at Wizzcash we always aim to help our customers. While we do not offer rollovers or renewals on our quick cash loans, we may provide you with an alternative repayment plan to help take the pressure off of your repayments The repayments will be made automatically via continuous payment authority and we will give you plenty of warning via email and text message when your repayment is due to come out of your account.

Apply for a quick cash payday loan from Wizzcash today.


Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk