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

Instant Payday Loans

Instant payday loans are useful if you have an unexpected expense that needs to be paid for as soon as possible. If you’re looking for an instant payday loan online, there are a few things to consider.

Why Might You Need One?

If your car breaks down for instance, you’ll need to get it fixed quickly, as you probably use it to get to work. You might have an emergency in your home, like a faulty boiler or a leaking roof. Instant payday loans can be essential for these sort of emergencies. With other loans, such as with a bank, there’s likely to be a wait to receive the money you urgently need. Some banks will take three days to send the funds.

If you are looking for a loan to repay other credit, or if you’re experiencing long term financial difficulty, taking out a short term loan won’t be the best option. Should you need help with your finances, you can contact Step Change for free advice.

How Long Will It Take?

Direct lenders like PiggyBank will try to get the money to you as soon as possible. Once you have completed the application form and we’ve gone through our credit and affordability checks, if you’re accepted you should have the funds within an hour. Sometimes it’s just not an option to wait until your next payday.

How Do You Apply?

The PiggyBank instant payday loan application is simple and straightforward. Choose the amount you need to borrow and the dates you can pay back. We’ll ask you for a few personal details, your job information and your expenses. You’ll then get sent a mobile PIN, and be asked to sign the loan agreement. We’ll check to see if the loan is affordable - as a responsible lender, we need to make sure you won’t be putting yourself in financial difficulty. Once the checks are completed, we’ll try to pay all approved loans out within an hour.

If you have any further questions about the application process, or need some help, you can go to our help page, or email applications@piggy-bank.co.uk.

Shop Around

We’ve all heard of lenders like Wonga and Sunny, but how much do you know about the services they offer? It’s important to make sure that the direct lender you choose has everything you’re looking for. Are you able to pay back on the dates you want to? What is their customer service like? It can be helpful to look at reviews, to see what other people are saying. You can check out PiggyBank’s Feefo reviews here.

When you’re applying for a short term loan, it’s also important to check whether you are dealing with a direct lender or a broker. A broker can help you find a lender, but some do charge fees for their service. A direct lender like PiggyBank will transfer the funds to you directly, and won’t charge you a fee for this.

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