When the unexpected happens and you’re unable to stretch your budget before payday, a short term loan may be the simple and convenient solution for you. You can choose to repay your loan in one sum within 35 days, or if you want to spread the cost over a longer period, you can chose to repay in instalments with an instalment loan.
Before you make a decision with your loan we will show you exactly how much you will repay and when, and if you wish to fully repay your loan early, you are able to do so to save yourself money on interest!
Why Would You Apply For a £200 Loan Directly From PiggyBank?
Unforeseen circumstances can happen to anyone, whether it’s having to pay for a broken down car or a household bill. If you need a small financial buffer before payday and cannot access traditional forms of credit, an online cash advance could suit you.
PiggyBank is a direct lender, which means we do not have any hidden costs or payout fees. Simply use the loan calculator to select how much you would like to borrow and the repayment period.
Unlike other lenders, PiggyBank offer flexible repayments options with our instalment loans such as weekly, fortnightly and monthly repayments to suit your situation. You can also select which specific dates you are able to make a payment.
We understand that situations can change. If your circumstances change and you are unable to make a repayment, we will work with you to freeze interest and charges. Simply get in touch with our customer care team to work out the next steps.
Can You Apply for a Loan With Bad Credit?
It can be challenging to get a loan with a bad credit score. When applying for a loan, lenders will assess your credit history to work out whether you will be able to afford the repayments. You don’t need to have a perfect credit score to apply for a loan with PiggyBank, however a poor credit history will affect the likelihood of your loan application being accepted.
In an emergency it is important to receive a quick loan decision, and many lenders will offer instant loans. However in reality lenders should be performing the essential checks on your application and credit file, which can take a little bit of time.
You should be cautious of lenders offering guaranteed decisions or promising loans today without any verification. As a responsible lender, we will never offer a guaranteed loan. PiggyBank will always check a person’s affordability before accepting a loan application and will only lend to people who can afford to repay the amount they have applied to borrow.
How Do You Apply?
Our simple application is 100% online, simply fill out all the required details and we’ll do the rest! We will perform our fraud, credit, and affordability checks to ensure you will not struggle to repay the borrowed amount.
Some applications may be passed on to our manual underwriting team, which simply means that we need to perform a few extra checks on your application. However we aim to payout accepted loans on the same day, so you may have access to your funds today!