How it works

Ever wondered how short term loans work? Read on for our simple application process

Step 1
Step 1 - Choose Your Amount

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.

Step 2
Step 2 - Complete Application

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.

Step 3
Step 3 - Receive Your Loan

We will review the information that you have provided. If LoanPig can't provide you with a loan, we will automatically try and find you a lender from our panel and they will complete the process.

Why Choose Us?


LoanPig wants to find you the best possible solution, based on your circumstances. To do this, LoanPig will review your application and if we can't offer you a loan then we will put you in touch with our panel of lenders and brokers who will help you find a short term loan solution.
  • All credit histories welcome
  • High acceptance rates due to our large panel of lenders
  • No phone calls
  • 100% online
  • Safe & Secure
  • Detailed affordability checks completed

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About Us

We can give you access to one of the UK's largest panel of lenders, to try 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.

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What Can I Use A Short Term Loan For?

Short term loans can be used for a variety of purposes, and here at LoanPig we understand you sometimes need a helping hand. When you're faced with a financial emergency or temporary loss of income, we will help. Online short term loans are an effective way to support your finances when it comes to paying off your outgoings. With LoanPig, we offer fast loans that will help to keep you from struggling with an unexpected bill or financial commitment that you were unprepared for. There are a number of reasons why people may need the help of a payday loan over a short period of time. Some of the most common include:

  • Unexpected medical bills
  • Boiler breakdown
  • Home repairs
  • Car repairs

No matter why you need help from a loan from LoanPig, we can give you that little extra piece of mind because we ensure that you are able to find a tailored solution that suits you and your needs. With us, we can provide you with a scheduled payment plan, and because we accept all sorts of credit histories, we can help when you're facing a financial emergency.

What Is The Difference Between A Payday Loan & A Bank Loan?

One of the biggest differences between a payday loan and a bank loan is that the bank loan is often a larger amount over a longer period of time. Payday loans however are designed to be paid back over a short period of time. In addition to this, some bank loans can be secured loans, rather than an unsecured status of a payday loan. This means that your loan amount may be held against an asset that you possess, such as your home or your car. If you miss a repayment on a secured loan, your assets may be at risk of repossession in order for the bank or financial institute to get their money back. With LoanPig however, our loans are totally unsecured, and while missing repayment can have serious financial consequences, your assets are not at risk.

How Do Payday Loans Work?

The process of obtaining a payday loan from LoanPig is simple. All you have to do is use our online loan calculator in order to choose how much you want to borrow, and the length of time you want to borrow it for. Then, our calculator will show you an estimation of how much that loan will cost you, based on a Representative APR of 1261% - a competitive percentage based on our panel of lenders. As soon as you are happy to proceed, you can click the Apply Now button, and move onto the next step where you fill in your details and submit your application. We are always clear and transparent throughout the entire process, and with LoanPig the entire application is online. All you need is an internet connection!

Is LoanPig A Direct Short Term Payday Loans?

While many direct short time loans lenders on the market can offer competitive prices, you often have to do all of the work yourself in order to find the loan that suits your need the most. With LoanPig however, as we are a broker and a direct lender, we will match your requirements based on what you have submitted through your application, and match you to the most appropriate lender for your needs. We are here to help make managing a financial emergency as easy as possible. We ensure that you are only borrowing what you can afford to pay back. We offer an alternative to payday loans, as you can pay our loans back over a period of 2 to 12 months.

What Is APR?

When dealing with any form of financial lending, whether that's from a bank, a payday loan lender or another alternative, one of the most common things that you will see is APR. APR stands for annual percentage rate and this provides you with the information you need to determine how much your loan will cost you in total. APR is calculated over the length of a year, and includes both interest rate and any fees or charges the lender is placing on the loan.

How Can APR Affect My Short Term Loan?

APR can increase your loan amount and can tell you how much your loan will cost you to pay back. The Financial Conduct Authority has recently placed various caps on aspects of APR like interest rate and charges, so customers no longer have to pay back more than double what they have borrowed. Interest rates have been capped at 0.8% per day, and charges such as a default fee have been capped at £15. This means that customers are better protected than ever when it comes to borrowing a short term loan with the likes of LoanPig and other lenders.

What Happens If I Miss A Repayment On My Short Term Loan?

Missing repayments can have a serious financial implication, but some lenders can provide you with help if you need it. Some lenders will offer things like rollovers, renewals or a flexible payment plan if you make them aware that you may miss a repayment before it happens. If you do miss a repayment, you may be subject to a default fee, and interest rates will continue to accrue until the loan is paid.

Is There An Application Criteria For Short Term Loans?

When applying for a short term loan, you may find that there is an application criteria that you will need to meet in order for your application to be accepted. Here at LoanPig, our criteria is as follows:

  • Be over 18 years old & a UK resident
  • Have a bank account
  • Be in permanent employment or receiving various allowances (please see our FAQs)
  • Meet our credit and affordability criteria.

While we do not carry out any credit checks or referencing when you register for our services, our panel of lenders will have their own credit score checks to determine a customer eligibility. You can find this information on their site.

Can I Still Apply For A Short Term Payday Loans With Bad Credit?

At LoanPig, we understand that when people are applying for a payday loan, they are often going to have less than perfect credit scores. The decision to provide you with a short term loan or other financial service is made solely by the lender, and we have no control over any decision making. However, when you fill out your application with us, we will aim to match you with a suitable lender who can provide you with the payday loan that you need and meet your requirements.

Why Should I Choose LoanPig?

Here at LoanPig we pride ourselves on the safe and reliable service that we provide our customers. We can give you access to one of the UK's largest panel of short time loans lenders, and with an easy and efficient application process, you can be certain that you will find the loan that's right for you, right here. Apply online today!

Pros of a Short Term Loan

There are loads of reasons you might be looking for a quick online loans uk and there are plenty of pros of short term loans. If you need quick cash online in a financial emergency, you may find a short term loans is just the thing for you.

  • Can be done completely online
  • Quick and easy application process
  • Same day cash in many cases
  • Flexible repayments to match your needs

Cons of Short Term Loans

As with everything in life, there's always a few negatives. Always read the terms and conditions carefully and make sure the loan is right for you.

  • Not ideal for long term borrowing
  • Important to pay back promptly to get a short time loan with no fees

Is it safe to choose LoanPig as a short term loan direct lender?

When it comes to choosing a safe company to find a short term loan with, there are a few things to consider. Make sure the company lists an address on their website. Make sure they are FCA registered, there should be a special number somewhere, ours is 736632. When you're on their website, it should be encrypted, look for the green padlock in the address bar. Make sure you read the terms and conditions, no matter how boring! Finally, check for any extra fees or charges and make sure you're happy with them. If you aren't sure you've found a safe short time loans lender then don't proceed.

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If you can’t find what you’re looking for in our FAQs, make sure to contact LoanPig today.

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