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Apply For Small Loans Online

With PiggyBank, you can apply for a small loan between £100 to £400 to cover any unexpected expenses such as an extra bill or home repair. If you’re looking for a quick, small loan that you can pay back in one lump sum, you can borrow up to £400 with a payday loan for 7 to 35 days. Our short term loans allows you to borrow between £150 to £1000 over a longer period.

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

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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

How To Get A Small Loan If You Have Bad Credit

If you’re looking for small loans for bad credit, there are a few options available. If you have bad credit it is likely that any loan product you choose will have a high-interest rate, as you would be seen as a riskier borrower. A small payday loan could be a convenient way to borrow money to cover an unexpected expense. Credit cards and overdrafts are also an alternative way to get a line of credit, however, if you suffer from poor credit you may be charged high-interest rates.

To see what your credit rating is like, you can find out for free on credit reference agencies such as Experian. The higher the rating, the better your credit. If you do have a low score, it could be due to a late payment or even because you haven’t taken out credit before. Making small changes, such as registering on the electoral roll can help improve your credit rating. It’s also important to keep in mind having no credit footprint can sometimes be as bad as having a poor credit history.

With bad credit, your options may be more limited. It can be tempting to look into small loans without credit checks, but this can cost you more in the long run. These types of loans are likely to be offered by unsafe lenders that are not authorised and regulated by the Financial Conduct Authority. PiggyBank do conduct credit checks as a responsible lender, though we also look at other information to make our loan decision.

Can I Get A Quick Small Loan?

If you need to borrow money quickly then a small short term loan could be a good option. Many direct short term lenders are typically able to give an instant loan decision, and if approved, payout the loan on the same day.

If your online loan application is accepted with PiggyBank, we will payout your money directly into your account using the faster payments service. 

Why Might You Need a Small Loan?

There are many reasons why you may require a small loan. Whether you’re looking to carry out an emergency home repair, or your car has broken down, a small loan could help keep you stay on top of your finances— especially if you don’t have enough saved.

Most people would prefer not to ask their friends and family to borrow money, as it can be a difficult topic to bring up. They also may not be in a position to lend you the money even if they want to. If you need a smaller amount, over a short length of time, bank loans aren’t really an option either. In those situations, short term loans can offer the best solution.

Benefits of a Small Loan

Helps you out of a tricky spot

Small loans are a fast source of cash when you're in a tight squeeze and still have to wait a while for payday. If your car breaks down or your washing machine starts to play up, a small loan can provide the money you need in a few hours.

It can help to improve your credit score

A great way to boost your credit score is having a history of on-time payment. By taking out a small payday loan with PiggyBank and keeping up with the repayment, you will start to see your credit score improving.

You can use for a small loan for anything unexpected

Whether you’re looking to make a minor home repair, or pay for some new car tyres, we will be able to help. 

It could save you money

If an unexpected expense could leave you in the red, default charges and overdraft fees and other charges can mount up quickly. By taking out a small loan to cover unexpected expenses, you could reduce the total amount you pay overall.

Do PiggyBank Offer Small Loans?

PiggyBank offer loans between £100 and £1000, over 7 days to 5 months. We won’t try to tempt you to borrow more than you need - you can borrow how much you want, for how long you want. That way you won’t end up paying more in interest than you need to, like you might do with a bank loan.

If you’ve had an unexpected expense, you can apply for a PiggyBank loan today. You’ll need to be in part time or full time employment, aged 18 or over, and living in the UK. You can find more information about loan eligibility on our Eligibility page.

How Do You Apply?

To apply for a small loan with PiggyBank, simply use the sliders to choose the amount you need and how long for. We’ll ask for some personal details, your income and expenditure information and your bank details. We’ll then run some checks and get a loan decision to you as soon as possible.

If approved, we aim to pay out all funds within an hour, so you can cover your emergency expense quickly.

Is There Anything Else to Think About?

When taking out a short term loan, it’s a good idea to check if you are working with a broker, in case they charge fees. A broker will also pass on your details to other lenders, so it can be hard to keep track of which lenders have your personal information.

PiggyBank are a direct lender not a broker, so we won’t charge a fee for taking out a loan with us, or pass on your details to third parties.

It’s also important to consider if you need to take out a loan before borrowing. Borrowing to pay back other credit can lead to a debt spiral. If you think you may need help with your finances, you can contact Step Change for free help and advice.

Apply Now!