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Short term cash loans
Short Term Loans and Payday Loans To Suit You!
How it works
Ever wondered how short term loans work? Read on for our simple application process.
Use our online loan calculator to choose your loan amount. Then, choose how long you want the loan for and your estimated repayment will be calculated.
The application process is easy! Click apply now and enter your personal details, income, expenditure and bank details. Submit the form and you’ll be contacted within minutes with a decision.
We will try to match you to a lender with the information that you have provided. They will complete the process and your loan will be flying into your account.
We can give you access to one of the UK’s largest panel of lenders, to find the best loan deal available for you.
Using innovative technology, Loan Pig offers you an efficient, easy and fast application process, which will allow our customers to securely apply for a short term loan. We aim to match you with a lender that is interested in your application.
How Is A Short Term Loan Different To A Payday Loan?
A payday loan is a type of short term loan which normally has to be paid back in one instalment after thirty days: it is intended as an emergency form of borrowing designed to cover an unexpected expense such as a vital car repair or an unexpected bill. Other short term loans, such as those loans provided by LoanPig, can be repaid in more than one instalment and are therefore far more versatile than a payday loan. Our short term loans can be repaid in one month, or twelve months, or somewhere in-between. You can borrow as a little as £50, or as much as £1500. Apply online today to find out how much you could borrow.
What Can I Spend My Short Term Loan On?
Short term loans are intended to cover your necessities, those things that you need to pay, or your emergency expenses. Short term loans are therefore not a viable option for individuals with long term debt issues, nor are they intended to be used for luxuries, or for unnecessary purchases. Typically, short term loans and payday loans are spent on:
– Unforeseen bills, such as a vet bill or a medical bill
– Recovering, financially, from an unexpected/sudden emergency, such as a boiler or a washing machine breakdown
– Repairs to your vehicle, especially when that vehicle is essential for work/is needed to travel to and from work
How Much Can I Borrow With LoanPig?
At LoanPig we are able to offer our customers a range of short term borrowing solutions. Our loan amounts start at just £50 and rise to a maximum of £1500. As an FCA authorised lender, we limit borrowing to £1500 to ensure that as many of our customers as possible are able to afford the repayments comfortably.
What Is The Rate Of Interest On A Payday Loan From LoanPig?
Our rates of interest vary and are dependant upon a number of different factors, including the amount you wish to borrow and the length of time you wish to borrow it for, your personal circumstances, as well as your financial history.
To find out the amount of interest you will be required to pay back on your short term loan or on your payday loan, all you need to do is use our online loan calculator above. Input the amount you wish to borrow and the amount of time you would like to take in order to pay it back in full, and you will be shown the amount of interest you will be required to pay each month as well as your total monthly payment amount.
How Do I Apply For A LoanPig Loan?
All you need to do is fill in our short and simple online application form. The information that we need from you will allow us to confirm:
a. Your identity
b. Whether you are able to afford the repayments on your payday loan
c. Your credit status
You will also need to submit a statement of income and expenditure as well as a copy of your ID (passport or driving licence).
Can Anyone Apply For A Payday Loan From LoanPig?
In order to apply for a loan, applicants must:
a. Be over 18 years old
b. Be a UK resident
c. Be employed (in some circumstances other forms of income may be considered)
d. Meet the affordability and credit checks which our lenders request
My Loan Has Not Been Approved: What Can I Do?
Because we work with a panel of lenders, we are usually able to find one who will lend to you, even if you have a bad credit rating. If we can’t help, we can signpost you to other agencies who may be able to assist with your debt issues, for example, Citizen’s Advice; StepChange; Money Advice Service.