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

Simple Payday Loans

Payday loans are a type of short term loan that you pay back in one full repayment. They are usually for smaller expenses, but if you need to borrow more, you can repay our short term loans over several months. How easy is it to get a payday loan? We’ve tried to answer some of the most common questions below.

I'd like to borrow
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 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

Why Might You Need a Payday Loan?

Payday loans are for unexpected circumstances. You’ll normally need the money straight away, to pay for an emergency expense, which is why almost all payday lenders like PiggyBank offer same day loans.

If your boiler breaks or a bill you hadn’t planned for comes through, a payday loan is there to help you until your payday. At that point, you’ll be able to repay the funds you borrowed.

Applying for a payday loan can be simpler and quicker than a bank loan - there’s typically just one short form, and you won’t be asked to provide loads of supporting evidence. You do need to consider whether it’s the best option for you though - if you can save or budget instead, you probably shouldn’t apply for a short term loan. For free advice about finance and debt, you can contact the Citizens Advice Bureau.

Are There Other Short Term Loan Options?

If you need a little more cash, we also offer instalment loans, which allow you to borrow up to £1000. To spread the cost, as larger amount are usually more difficult to pay back in one lump sum, you can repay the loan over 2 to 5 months.

What If You Have a Poor Credit History?

Not all lenders will consider your application if you have bad credit, especially if you have a County Court Judgement (CCJ) against you.

Lenders like PiggyBank may still be able to help. We understand that your credit history stays on your credit file for 6 years, and won’t penalise you if you made a few late payments years ago. As responsible lenders, we will conduct a credit check, but we also consider your employment situation and other factors before making a loan decision. Even if you have bad credit, you might be eligible for a short term loan. Paying back early or on time also has the benefit of potentially improving your credit score.

Direct Lender?

It’s important to know if you are dealing with a direct lender like PiggyBank, as brokers can not only charge you a fee for their services, they’ll also pass on your details to direct lenders, so the process isn’t as quick.

If you’re unsure whether a company is a broker or direct lender, you can check the registry on the government website.

How Easy Is It To Apply?

Our application is short and simple. We’ll ask you for some personal details, your income and expenditure and your employment information. We’ll give you a decision as fast as we can, and if approved we always aim to pay the funds within an hour.

Apply Now!