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

Payday Loans

Payday loans are short term loans that have been designed to see you through if you need that extra bit of cash before your next payday arrives. You can choose to pay back on the date of your next payday, or within a timeframe that suits you. There are multiple repayment options available, making the whole process simple and smooth.

Advantages of a Payday Loan

There are a number of advantages to taking out a payday loan:

  • A solution to cover any unexpected circumstances or unforeseen expenses
  • Gives a chance for those with a bad credit history to successfully apply for a loan
  • Rebuild your credit score if you have a bad or no credit history
  • Simple application process that can be completed in minutes
  • Repaying early allows you to save on interest of longer term loans

Responsible Lender

At PiggyBank we are a responsible lender, and with that in mind our short term loans are only provided after thorough affordability and credit checks. We only lend to those who can afford to repay their loan without putting themselves in financial difficulty. The last thing we want is to be responsible for placing you in further debt due to a missed payment you clearly couldn’t afford in the first place.

PiggyBank’s Payday Loans

PiggyBank provide payday loans online that are intended to cover your expenses until your next payday. A short term loan typically lasts between 7 days to 35 days, borrowing £100 to £1,000. If you feel that 1 month is too short, an instalment loan can help spread the cost of your loan over a longer period.

After you have filled out our easy to use application form, we aim to have the money delivered direct to your bank account within an hour of being approved.

One thing we are clear about is that our short term loans should never be used in order to maintain long term borrowing requirements; it is a short-term fix, with clear payment terms and interest, designed for that unexpected expense. If we believe you cannot afford to repay the loan without putting you in financial difficulty, we will not agree to the loan. For more information on whether you qualify, take a look at our eligibility page.


The APR (Annual Percentage Rate of Charge) applicable to a payday loan has to be legally outlined by all payday lenders, but we want you to be aware of exactly what it means. An APR is best used to compare loans of a longer nature, those that will last a year or more. When used in relation to a short term loan, of say 30 days, it will always look like an extremely high and unfair number, as it represents a loan taken out over an entire year. This wont be the case if you take out a payday loan with PiggyBank as the lengths of the loans are significantly shorter.

PiggyBank is open and transparent about everything to do with our lending. If you are sure you can afford to take out a payday loan and have the means to pay back within the agreed timeframe then our friendly team is here to help you out. If you’d like more information, feel free to get in touch.

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What is a Payday Loan?

A payday loan is a short term cash solution to cover unforeseen expenses. These could include an unexpected bill, a problem with your car or needing to replace a broken appliance.

PiggyBank payday loans are flexible - you can borrow £100 to £400 between 7 and 35 days.

We also offer instalment loans over 2 to 5 months. With these, you can borrow up to £1000.

What's the Process?

Use the slider to choose your payday loan amount - £100 up to £400. and the length of the loan.

Complete our short simple application form. You’ll need your income and expense information, your debit card and your mobile to enter a mobile PIN.

Once we have this information we can go through our credit and affordability checks. If the loan is approved, we aim to pay the funds within an hour.

What if I Can't Repay?

We understand that sometimes things outside of your control happen, and you can’t make the agreed payment.

With a payday loan, you have the option of a deferral, which allows you to pay the interest that has accrued up until that point, and defer the full payment for up to 35 days.

We also have other payment options we can discuss with you. We are here to help, and will work with you to put a resolution in place.