Previously, payday loan providers attracted criticism from those looking for short term financial assistance. They felt that companies treated them unfairly and charged high fees that put them into financial difficulties. We believe that short term lending could be done so much better and that was why PiggyBank was born.
Our viewpoint is that we should be a responsible lender for those who need short term assistance with their finances. With that in mind we’ve put customers at the forefront of every decision we’ve made - we don’t have any hidden fees and we won’t lend to those who would be unable to repay their loan without putting themselves in financial difficulty.
As a new payday loan company, there’s 3 key areas that we’re proud of:
Firstly, we wanted to make the whole process as simple and transparent as possible. Gone are the days of confusing agreements and hidden fees. You can use our PiggyBank loan calculator to select exactly how much you’d like to borrow and how long you’d like to repay. We provide an up-front breakdown of exactly what you’ll be paying back and when.
Secondly, we understand that unforeseen expenses can come out of nowhere at any time. From your car breaking down to unexpected bills, you’ll sometimes need a financial buffer until your next payday. That’s why our application system is 100% online, allowing you to apply for a loan at a time that suits you. Once we have approved your loan application, we’ll aim to have the money in your account within an hour.
Thirdly, we wanted to offer flexibility. Typically, a PiggyBank short term loan is taken from 7 to 35 days. However, you can also apply for an instalment loan which can spread your payments over a 2 to 5 month period. All of our loans can be paid back early to save on interest - with no early repayment fees.
We’re are also committed to making the repayment journey as easy as possible. If your circumstances should change unexpectedly, don’t panic. We’ll treat you fairly and work with you to find the best options to try and help you.
PiggyBank provides fully transparent and simple short term loans, payday loans and instalment loans from £100 to £1000 for new customers, and up to £1,500 for returning customers. Have questions? Take a look at our help page or get in touch!Apply Now!