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

Compare our loans at money.co.uk

We are unable to take any loan applications at this time. We apologise for any inconvenience caused.

Short Term Loans and Instalment Loans of up to £1000!

I'd like to borrow
I'll repay inover
14 days
on the
  • Feb 99th 9999 £999.99
Borrowing £265
Interest Rate 292% pa (fixed)
Interest £29.68
Total Repayable £294.68
To repay byTo repay in full by:

This is a bank holiday, are you sure you can repay on this date?

Representative 1270%APR

Minimum 1255%APR

Maximum 1698.1%APR

Representative Example

Amount of credit £250.00 for 30 days
Total amount payable £310.00
Interest rate 292% (fixed)
Interest £60.00

Learn more about APR here

Price Comparison

Compare different lenders on a Financial Conduct Authority approved price comparison website. We use allthelenders.org.uk

Why Choose PiggyBank?

Feefo Gold Trusted Service
  • Direct Lender
  • No Payout Fee
  • No Hidden Costs
  • Fast Online Application
  • Multiple Repayment Options
  • 100% UK Based
  • Fully Authorised by the Financial Conduct Authority

Don't Just Take Our Word For It!

Independent Feedback based on 197 verified reviews.
Lee Williams 13/10/2019
Short Term Loan
Cool and fast and the best
Trusted Customer 19/09/2019
Short Term Loan
Easy and very accommodating
Emelina Aukstuleviciene 14/08/2019
Short Term Loan
Everything is very convenient and fast
Trusted Customer 16/05/2019
Short Term Loan
Trusted Customer 10/05/2019
Short Term Loan
Trusted Customer 09/05/2019
Short Term Loan
Carl Gregory 09/05/2019
Short Term Loan
I was able to settle my debt early at a reduced rate 😁
Bridget Coatham 08/05/2019
Short Term Loan
Quick payment and affordable
Trusted Customer 08/05/2019
Short Term Loan
Received the money in no time
Russell Turner 07/05/2019
Short Term Loan

Why Choose Us?


We’re an open book.

PiggyBank puts you in control of your loan. You can choose the amount you want to borrow and the dates you want to repay. There are no hidden costs. You can also log into your online account and check any details you want.

More About PiggyBank


Easy as 1,2,3.

We like to keep things simple. So to apply, there’s a short simple online application with no added frills. Once you’ve filled it in, we’ll take it from there and make sure it’s affordable. We’re also here to help if you have any questions.

More About PiggyBank


Anytime. Anywhere.

We’ve built PiggyBank to work at any time on any device. It’s all online, so there’s no paperwork. You can also make a payment at any time via your online account, so if you want to pay early, you can save money in interest.

More About PiggyBank

PiggyBank Short Term Loans

When it comes to short term loans, there are a lot of options and things to consider. Things like bad credit loans, and whether you are taking out a loan with a direct lender. We try to make sure that we’re always being straightforward, so here are the simple facts:

How Much?

You can borrow £100 to £1000, though returning customers can borrow up to £1500. We’ll let you know how much it will cost before you decide to apply. No hidden fees or costs. No surprises.

How Long?

If you’re looking short term, you can borrow between 7 and 35 days. Need the money a bit longer? Not to worry, we’ve also got instalment loans over 2 to 5 months! You can also pay early to save on interest.

What For?

Our loans are for any unforeseen expenses, from unexpected bills to your car breaking down when you desperately need to get somewhere.

Am I Eligible?

You don’t need a perfect credit history, and we go through hundreds of checks, have a look at your credit file, to make sure that the loan is affordable. We make sure we’re lending responsibly.

How Do I Apply

You can apply for most payday loans online these days, with no paperwork. PiggyBank’s entire application is online, so you can apply on the go. We’ll ask for a few personal details, your employment information and your income and expenditure.

What If I’m Forgetful?

Don’t worry! We offer a payment reminder service to let you know before a payment is due, and check to see if anything’s changed. If your circumstances have changed, we’d help in any way we could, freezing interest and going through your options.

Things To Consider

You should check if you are taking out a direct lender loan or a broker loan. Some brokers charge fees, so it’s best to be sure. PiggyBank offer direct lender loans and are not a broker.

Before taking out any loan, it’s a good idea to look at websites like money.co.uk, where you can compare lenders (and the website’s approved by the Financial Conduct Authority, which is always a plus). You should also think about whether borrowing is the right thing to do. Can you cut down on spending or save and wait to buy something? Are you borrowing to pay off other debts? If you need help with your finances, you may wish to contact companies like Step Change, for free impartial advice.

Need Any Help?

Have a look though our FAQ if you still need any help get in touch using the details below.

Most popular questions:
View FAQ

Get in Touch

  • Telephone:
  • E-Mail:
We're available:
  • 8AM - 7PM
  • 8AM - 4:30PM
  • 9AM - 1PM
  • Monday - Thursday
  • Friday
  • Saturday

PiggyBank Loan Information

Short Term Loans

Short Term Loans

A short term loan is usually taken out over a 1-3 month period. Short term loans are intended to cover an unforeseen circumstance. Typically you can borrow from £100 up to £1000.

Short term loans are not suitable for the provision of long term credit and are also expensive means of longer term borrowing.

If you can not pay back a loan within one month then an instalment loan is there to help you spread the cost of your loan.

Here is how a PiggyBank instalment loan works.

  • A PiggyBank instalment loan can be taken out from 2 to 5 months.
  • With a PiggyBank instalment loan you can borrow between £150 and £1000
  • The interest is charged at the same rate as a PiggyBank instalment loan at 0.8% per day per £100 borrowed.
  • If you repay your instalment loan early you will save interest

There are a few things you need to look for when choosing a lender. There are many payday and short term loan companies that can help you with your unforeseen circumstance however it is important that you look for the following things;

  • Make sure you know if are applying with a direct lender or a broker. A broker must make it clear that they do not make lending decisions and that they only pass your details to direct lenders.
  • All lenders in the UK must be authorised by the Financial Conduct Authority (FCA). You can check the register here. Simply type in the company name or the FCA registered number which should be at the bottom of the lenders home page and you will be presented with the details of the company.
  • Lenders must provide you with ways to contact them if you have any questions or issues. That includes a telephone number and an email address or contact form.
  • Before you accept the terms of a loan, all lenders must advise you how much the loan will cost including interest and the date you are due to repay your loan
Loan Repayment

Loan Repayment

You agree to repay us the amount payable on the agreed repayment dates, as per your signed legally binding loan agreement. We will collect these payments by debiting the debit card you have registered with us at anytime on the agreed repayment dates. Failure to repay your loan in full on the agreed date will incur a:

  • £15 missed payment fee

Continuous failure to repay your loan will result in:

  • Daily application of interest against the outstanding balance
  • Possible legal action

During the time your loan is in arrears our collections team will make every effort to contact you to discuss your loan and they will do their best to offer a solution and come to an arrangement which suits your financial circumstances and is affordable.

Please be aware that if you can't pay your loan back via your debit card, you can make full payment via bank transfer.

Payday Loans

Payday Loans Online

A payday loan is a small short term loan which is generally taken out to cover an unforeseen circumstance. Payday loans are usually paid back on the borrower's next pay date. Typically you can borrow from £100 up to £1000. Here is how a PiggyBank payday loan works.

  • A PiggyBank payday loan can be taken out for 7 to 35 days
  • You can borrow from £100 up to £1000
  • The interest is charged at 0.8% per day per £100.
  • If you repay early you will save interest.
Loan Term

Loan Term

Please be aware that the minimum repayment term for a PiggyBank instalment loan is two months. You can apply for a one time repay back payday loan and repay back from seven to 35 days.

The maximum term for a PiggyBank instalment loan is five months. This can be split into five monthly payments or even spread weekly to suit your needs. A PiggyBank short term loan can be taken from two months to five months. But please be aware that this loan can be paid back at any time with no penalty.

Failure to Pay

Failure to Pay

If you don't communicate with us and we can't recover the money over a reasonable period of time, your account will be passed to our Recoveries Team. Failure to repay a loan may also mean that Credit Reference Agencies (CRAs) will record the outstanding debt. This information may be supplied to other organisations by CRAs and Fraud Protection Agencies (FPAs). Records may remain on file for six years after they are closed, whether settled by you or defaulted.

Defaulting on your loan will negatively impact your credit rating. If you are unable to keep to the terms of your loan agreement, our Customer Care team are available from Monday to Saturday to work with you and help clear your loan balance in an affordable and manageable way.

Collections Process

Collections Process

If you’re having problems making a payment please contact us directly so that we can discuss your payment options. We are here to help and will make every effort to reach a solution with you. You can contact us via telephone or email. We will freeze interest and charges if you are experiencing financial difficulty.