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

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

I'd like to borrow
£265
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 money.co.uk and 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
4.7
/5
4.7
/5
Independent Feedback based on 750 verified reviews.
Natalie Boyle 25/02/2018
Short Term Loan
Great interest rates .. easily repaid
Trusted Customer 25/02/2018
Short Term Loan
Very good service. Very faster
Trusted Customer 24/02/2018
Short Term Loan
Excellent
Trusted Customer 22/02/2018
Short Term Loan
Excellent
George Mesu 22/02/2018
Short Term Loan
Excellent
Brian Waddington 22/02/2018
Short Term Loan
Great service and phone staff were excellent and very polite
Petra 21/02/2018
Short Term Loan
Repayments are by your choice what is awesome. Money received in my bank account in 15 minutes.
John Zdeba 21/02/2018
Short Term Loan
Excellent
Trusted Customer 20/02/2018
Short Term Loan
Excellent
Trusted Customer 20/02/2018
Short Term Loan
Sevices was so fast and we'll thought out.

What is a Short Term Loan?

A short term loan is a cash loan payment borrowed for a brief amount of time, and can either be paid back in one lump sum or paid back in instalments. Typically, short term loans are designed to help you out if you’re in a fix and need access to cash in an emergency. A short term loan should never be used for long-term financial assistance, but instead to help in some of the following scenarios:

  • Unforeseen expenses that may arise due to a family emergency
  • An unexpected bill
  • A problem with your car
  • Needing to replace a broken appliance

We also offer payday loans and don’t charge any fees, so you can save money on interest by paying back early!

Whatever your circumstances are, PiggyBank are here to help.

Not sure if you qualify? You can find more information on our eligibility page

How Does a Short Term Loan Work?

PiggyBank short term loans are flexible! You can borrow from £100 to £1000, and choose to pay it back from 7 days up to 5 months.

The FCA (Financial Conduct Authority) have recently capped interest rates, which means you can only be charged a fixed rate of 0.8% per day. This is intended to stop loans from becoming too expensive. So if you pay back your loan early, you will save on interest.

How is it Different to a Payday Loan?

A short term loan is similar to a payday loan, but the difference is that a payday loan is paid off in one amount - typically when it is payday. A short term loan could be paid over several weeks or months to suit your financial situation and so help you to spread the cost of borrowing.

What Are The Benefits of a Short Term Loan?

There are a number of advantages to taking out a short term loan with PiggyBank:

  • Fast Access to Cash – When you need it most we'll have an answer for you quickly. Our 100% online application process is simple and if approved we aim to have the funds transferred directly into your bank account within an hour.
  • Flexible Repayment – No one wants to owe money for a long time. PiggyBank has lots of repayment options, and there are no fees for paying off your loan early.
  • Improve Your Credit Score - Paying short term loans back on time and in full can help you rebuild your credit score with a view to future applications for loans, mortgages and hire purchases.

Which Lender Should I Choose?

There are a lot of lenders and short term loan companies out there, but it is important to shop around and look out for a few key aspects:

  • Make sure you know if you are applying with a direct lender or a broker, as fees may apply. PiggyBank is a direct lender, and we do not charge any fees for applying for a loan.
  • All lenders in the UK must be authorised by the Financial Conduct Authority (FCA). You can check the register here by typing in the company name or registered FCA number.
  • Before you accept the terms of a loan, all lenders must advise you how much the loan will cost including interest and the dates you are due to make your repayments to repay your loan in full.

How Do I Apply?

We’ve made our application simple! All you need to do is use the application form sliders to work out how much you want to borrow and when you want to pay it back. You’ll be able to see how much interest there is on the loan amount.

Then use our straightforward fully online application to enter a few details about yourself and we will perform a credit and affordability assessment to see if you are suitable to be accepted for a short term loan from us. For more information on our application process, take a look at our application help area.

Once you have been approved, you can expect to receive the funds directly into your bank account within one hour. You will always be shown clear details of how much you are expected to pay back and when the payment is due.

If you are not accepted immediately, don’t worry- if we need to run a few more checks through your application you will be passed on to our Underwriting Team. This is to ensure we are lending responsibly and you are able to pay back the money without putting yourself in financial difficulty. As a responsible and transparent lender, PiggyBank will never take advantage of those who are not in a position to pay back a loan.

Here at PiggyBank we are committed to making your repayment journey trouble-free. Have any questions? Get in touch.

What If You Are Unable to Make a Payment?

Many unforeseen circumstances can lead you to not be able to keep up with the loan instalments. Don’t bury your head in the sand! At PiggyBank we understand these uncomfortable situations and are more than happy to speak to you to help manage your short term loan repayment in an affordable way.

Is a Short Term loan Right For You?

Before you take out a PiggyBank short term loan, you must consider whether borrowing is the right thing for you financially. If you can control your spending or delay purchasing non-essential things, do that. If you are borrowing money to make repayments on other credit, you may be in a vicious circle and it might not be the best thing to do. If you think you need help with your debts, you can contact the Step Change Debt Charity service at www.stepchange.org.

Call Us

0800 206 1560

General Help

help@piggy-bank.co.uk

Applications

applications@piggy-bank.co.uk

Collections

collections@piggy-bank.co.uk

We're available:

8AM - 6PM
8AM - 4:30PM
9AM - 1PM
Closed

Monday - Thursday
Friday
Saturday
Sunday

4.7
/5
4.7
/5
Independent Feedback based on 750 verified reviews.
Natalie Boyle 25/02/2018
Short Term Loan
Great interest rates .. easily repaid
Trusted Customer 25/02/2018
Short Term Loan
Very good service. Very faster
Trusted Customer 24/02/2018
Short Term Loan
Excellent
Trusted Customer 22/02/2018
Short Term Loan
Excellent
George Mesu 22/02/2018
Short Term Loan
Excellent
Brian Waddington 22/02/2018
Short Term Loan
Great service and phone staff were excellent and very polite
Petra 21/02/2018
Short Term Loan
Repayments are by your choice what is awesome. Money received in my bank account in 15 minutes.
John Zdeba 21/02/2018
Short Term Loan
Excellent
Trusted Customer 20/02/2018
Short Term Loan
Excellent
Trusted Customer 20/02/2018
Short Term Loan
Sevices was so fast and we'll thought out.

What is a Short Term Loan?

A short term loan is a short term cash solution that is used to cover an unforeseen expense that might arise due to a family emergency, an unexpected bill, a problem with the car, or needing to replace a broken appliance.

PiggyBank short term loans are flexible! You can borrow from £100 to £1000, and choose to pay it back from 7 days up to 5 months.

We also offer instalment loans if you'd like to borrow a little extra, or just want to spread out your repayments.

What's the Process?

Use the slider to choose your short term loan amount from £100 up to £1000. You can choose to repay anywhere from 7 days up to 5 months.

Complete our simple online applicaiton form. We'll ask you for your personal details, your employment information, your income and expenditure, and your bank account details.

We will assess all the information you provide, send you a mobile pin and if approved we aim to pay your loan out within an hour.

What if I Can't Repay?

We understand that sometimes your circumstances can change for the worse in a way that’s completely out of your control.

If this happens, it’s our “PiggyBank promise” to you that we’ll be understanding and work with you to come up with a resolution to get your short term loan paid back.

It’s a process we call “Responsible Collections” and it’s all part of our philosophy of making finance a friendlier and more human place for our customers.