Week rates of interest is likely to be fixed at between 0.3 and 2 per cent per depending on how risky the loan is judged to be.
Wonga, who has made 4 million short-term installment loans to customers since its launch in 2007, offer you tiny enterprises loans of 3,000 to 10,000 pounds ($4,800 to $16,200) for durations of between one and 52 times.
Wonga uses automated danger processing technology to give near instant answers to online candidates, and turns right straight down about two thirds of applications. It now could be made to export its even more popular features, like the application that is easy featuring sliders which is often dragged in to the desired total up to be lent and payment period, to the business world. Continua a leggere