Wizzcash short-term loans review

Wizzcash provides 3 month payday loans from £300 to £1,000. Applications are online and if you are accepted, money will be transferred straight to your bank account.

Last updated:


Wizzcash acts as both a direct lender and a broker. As direct lender they communicate directly with you, there’s no middle man to deal with and no additional commission fees. If they are not able to help you, they will act as a broker to try to find someone else that can offer a similar or alternative product. Wizzcash states that it aims to be completely transparent, outlining what you will pay each month, what your interest amounts to and what your repayment total will be.

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

Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

How do Wizzcash’s loans hold up against the competition?

Table: promoted deals, sorted by total payable

You can use the table below to estimate the cost of the loan that you have in mind and compare Wizzcash to a wide range of popular short-term lenders.

How much do you need to borrow?

How long do you need to borrow for?

Name Product Available amounts Monthly repayment Total payable
Lending Stream Instalment Loan
£50 to £1,500
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.
Satsuma Short Term Loan
£100 to £1,000
Representative example: Borrow £480 for 9 months at a rate of 133.1% p.a. (fixed). Representative 535% APR and total payable £959.04 in 9 monthly payments of £106.56.
Savvy.co.uk Personal Loan
£300 to £3,000
Representative example: Borrow £1,000 for 12 months at a rate of 152.33% p.a. (fixed). Representative 352.7% APR and total payable £1,999.92 in 12 monthly payments of £166.66.
Sunny Loan
£100 to £2,500
Representative example: Borrow £100 for 8 months at a rate of 204% p.a. (fixed). Representative APR 568% and total payable £199.33 in 8 monthly payments of £19.93. You can repay this loan early.

Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

We compare payday/short-term loans from

Lending Stream Instalment Loan
Satsuma Short Term Loan
Savvy.co.uk Personal Loan
Sunny Loan

Key features of a Wizzcash loan

Making sure a loan is right for you is important. Wizzcash will conduct affordability checks and credit checks before approving a loan (Interest is fixed at rate of 292% per year, 0.8% interest per day, representative 1,265% APR). Wizzcash are authorised and regulated by the Financial Conduct Authority (FCA) and members of the Consumer Credit Trade Association (CCTA).

Before you apply for a payday or short-term loan, it is important to make sure you’ve considered all options available to you. Is the expenditure that you’re planning absolutely essential? If you’re struggling to pay a bill, then why not talk to your electricity, gas, phone or water provider to see if you can work out a payment plan?

Product NameWizzcash Short Term Loan
Available amounts£300 to £1,000
New customer maximum£1,000
Loan termsto 3 months
Soft search eligibility check
Employer contacted during application
Funding speedIn most cases, the loan will be streamed to your bank within two hours but it may depend on your bank’s policies and procedures.
Repayment period optionsMonthly
Repay early at any point
FCA registration number673428
More Info

How does a short term loan from Wizzcash work?

Depending on how much you would like to borrow, Wizzcash’s online calculator will give you an instant quote for the three payments. Payment is due every 30 days. The calculator also specifies how much interest you will pay and your total repayment amount.

The application is completed online. Once you have filled in your details, Wizzcash carries out a series of affordability and credit checks, after which you will receive notice of whether you have been successful of not.

Once approved, Wizzcash will aim to transfer your funds and complete the entire process within one working day.

Like most other payday lenders, Wizzcash uses Continuous Payment Authority (CPA) to take your payment automatically on the repayment date you choose during your application.

What is Continuous Payment Authority (CPA)?

With CPA you give a company permission to withdraw money from your account. Wizzcash uses CPA to collect payments due from the debit card provided on the agreed payment date. If the first payment attempt fails, a second attempt will be made on the same day to collect the total outstanding balance. When Wizzcash have made two consecutive failed attempts to collect payment by CPA, no further collections will be attempted using CPA unless you have given your express consent to do so.

What are the eligibility requirements?

You should only apply for a Wizzcash loan if you’re certain you can meet the repayment terms, and you meet the following criteria:

ResidencyUK resident
Minimum age18
Min. income£750 per month (after tax)
Additional eligibility notesYou must hold a UK bank account with a valid debit card.
You must have a UK phone number.

How do I take out a loan with Wizzcash?

  1. Use Wizzcash’s slider tool to determine how much you want to borrow.
  2. Complete the online application form.
  3. If you are approved you will need to accept the agreement.
  4. Your loan should arrive within one hour.

Changing you loan: Additional borrowing options and early repayment

Repay early at any point
Repaying early can reduce overall interest
Interest is only applied to days where funds are outstanding
Option to extend loan term
Phone number020 3740 7273
More Info

Wizzcash do not typically offer top-ups or extensions. Dependant on circumstances, however, Wizzcash may agree to offer you a repayment plan. While you will not be charged a fee, extending the loan might mean that you will end up paying more than originally agreed.

Is Wizzcash safe to use?

Wizzcash are authorised and regulated by the Financial Conduct Authority (FCA) and are members of the Consumer Credit Trade Association (CCTA). If ever in doubt, you can search the FCA register to ensure a lender is authorised.

Did you know?

In 2015 the Financial Conduct authority (FCA) capped interest and fees on all high-cost short-term credit loans at 0.8% per day.

They additionally capped all default charges at £15 and the total cost (interest, fees) of loans at 100% of the original sum. This means you’ll never have to pay more than double the amount borrowed.

Is high-cost, short term borrowing a good idea?

Payday loans, and high-cost, short-term credit from lenders like Wizzcash are a very expensive method of borrowing and should only be considered as a last resort. They may not solve your money problems, and are not a good idea for borrowing over longer periods, or for sustained borrowing.

Frequently Asked Questions

Back to top

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

Read more on this topic

  • Buffa short term loans review Buffa offers quick and easy short term loans, but with high rates and limited terms.
  • Updraft loans Updraft lets you avoid the cost of expensive overdraft fees by giving you a low cost loan when you overdraw on your bank account or credit card.
  • Uploan short term loans A "big sister" company to the better-known Peachy, Uploan offers small loans over terms of up to a year, to cover one-off expenses.
  • 247Moneybox promo codes 247Moneybox offers fast, convenient loans for when unexpected expenses crop up. Check if you could make a saving with our codes.
  • Loans like Credio Credio was a popular source of short-term credit online until the lender stopped issuing loans in 2018.
  • Cheque cashing If you need to cash a cheque, it can take three days to clear it with a bank. Cheque cashing services give you immediate access to your money.
  • Lending Stream loan calculator Considering a short term loan from Lending Stream? Use our calculator to work out how much it could cost you plus how much you could save by repaying early.
  • Sunny loan calculator Considering a Sunny short term loan? Use our calculator to work out how much you'll pay back. You can also compare Sunny against the competition and make sure you're getting the best deal.
  • Compare short term loans of £50 to £1,000 Compare live rates from a range of popular lenders on loans over two months or more.
  • Hastee review March 2020 An affordable alternative to payday loan, Hastee Pay's salary advances can be a lifesaver if you need to meet an unexpected expense.
Go to site