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Piggy Bank

Credit Amount:
£100 to £1000
Available Term:
7 Days to 5 Months

Company overview

Piggy Bank is a short-term lender focused on fair and responsible lending practices for all of their products. As an online lender, all applications can be completed online anytime, any day and from any device that can maintain an internet connection. This provides borrowers with flexible options regardless of when a financial emergency may occur.

To operate as a responsible lender, potential borrowers will be subject to credit checks and required affordability calculations prior to funds being approved. This ensures that borrowers can be expected to repay all of the borrowed funds without experiencing any undue hardship based on their current circumstances. All applications are processed through a secured system and are checked for signs of fraud.

Transparency is a key principle in Piggy Bank’s business operations, and the online calculator can provide a specific breakdown of the terms of a loan based on the amount borrowed and the length of the loan. Loans are available in amounts ranging from £100 to £1,000. Repayment can be scheduled in as little as seven days and up to five months.

Approved borrowers may receive funds in as little as one hour, and online account access is provided automatically. PiggyBank does not charge any processing fees outside of the standard interest associated with the loan. Multiple repayment options are available, and borrowers can repay loans early in order to lower the overall amount of interest paid. Partial payments are also accepted to help lower the debt obligation associated with the account.

Loan amount £265 repayable over 2 months. Total amount repayable £354.42 in 2 payments of £171.21. Interest 292% p.a. fixed

Credit calculator

£50 £2,000
1 month 12 months

Credit Review

PiggyBank accepts applications 24/7 through their online application process. The short-term loans all come with a fixed daily interest rate of 0.8% regardless of the amount borrowed or the terms associated with repayment. First time borrowers are eligible for amounts ranging from £100 to £400, while returning borrowers may be eligible for amounts up to £1,000.

Once a loan is repaid, borrowers are eligible to apply for a new loan with PiggyBank. Any subsequent loans will require new credit and affordability checks in order to confirm that the returning borrower meets any minimum qualifications for the new loan being requested.

Those with less than perfect credit may be approved depending on the specifics of their individual circumstances. Consideration is primarily focused on the borrower’s ability to repay the loan successfully based on their present situation. However, those who have experienced a CCJ or a bankruptcy within the past 12 months, or those are currently enrolled in a debt management plan, will not be eligible for approval.

If the request for a loan cannot be automatically approved, it may be directed to underwriters for further consideration prior to a decision being made. When additional information is required, borrowers will be notified via SMS text message and email.

Piggy Bank Payday is a competitive short term solution for getting funds to pay for any unforeseen circumstances, and is more cost effective and has less liability than paying the minimum payment on a credit card or going over an agreed overdraft limit.

Minimum requirements

  • 18+ Age Requirement
  • A UK debit card is required
  • Credit check carried out

Company Pros...

  • You don't need a perfect credit score
  • Slider available to see what repayments would be
  • Accept online applications 24 hours a day 7 days a week

Watch out for...

  • Will not accept applications from people with CCJ's in the past 12 months
  • If you are on a debt management program you will not be accepted

Company Details

DJS (UK) Limited,
DJS House, The Riverside Suite,
Knapp Mill, Mill Road,
Christchurch, BH23 2JY

Company Number


FCA License


Customer Reviews

Piggy Bank
User Rating: 5.0 (2 votes)