A payday loan is essentially a small and unsecured short term loan (can also be referred to as an instalment loans, quick loans and personal loans) which allows you the chance to borrow money to be repaid over the course of several repayments. The great thing about payday loan alternatives is that they are designed to be quick and easy to access and help in the event of an emergency to cover an unexpected expense. LoanPig is among one of the most reputable alternative payday loans lenders on the market and are dedicated to ensuring no one has to worry about falling behind on any emergency payments that may arise before your next payday.
What Is A Payday Loan?
Sometimes despite our best efforts, we may find ourselves in need of a little extra cash to help tide us over until our next payday. While trying to save and manage our finances is something we all strive for, occasionally emergencies do crop up and can leave us worrying about how we are going to cover the unexpected expense- this is where LoanPig comes in. We pride ourselves in providing a high quality alternative payday loans that will ensure you are not left in the red.
Are Payday Loans Unsecured?
The beauty of payday loans is that they are unsecured in comparison to other loans which typically are. Unsecured loans are popular in the fact that they do not require you to place collateral on your loan, which means that should you miss a repayment or fall behind on payments, you will not be put in a position where you could lose your home or car.
How Do Payday Loans Differ To Other Loan Types?
The biggest difference between payday loans alternatives and other loan types such as mortgages, consolidation loans and bank loans is that they are relatively lower in value and offer a shorter repayment period. LoanPig offers some great alternative payday loans as they allow you to borrow up to £1000 and pay that amount back over a longer period of time. We are also very flexible in our payday loans and allow you to pick the duration you would prefer to pay your loan over.
Can I Apply For A Payday Loan Online?
Applying for payday loans could not be easier with LoanPig as we not only utilise advanced technology to match you with someone from our leading UK lenders panel, but offer an online only application process too. This means you can apply quickly and easily without the need to pick up the phone!
What Can I Use A Payday Loan On?
Once you have secured one of our alternative payday loans, you can use your cash for a number of different causes and purposes. Here are just some of the ways you could spend your cash advance payment:
- Managing your rent and bill payments
- To help tide you over when dealing with an illness or redundancy
- To avoid having to deal with costly bank overdraft charges
- Assist in consolidating debts and reducing monthly repayments on the whole
Alternative payday loans from LoanPig could transform your life and help you to not only manage your money better but also help to get you out of some tricky financial situations.
How Is LoanPig Different To Other Payday Loan Lenders?
LoanPig is dedicated to helping our customers find the best possible payday loan alternative and strives to stand out amongst other payday loans lenders in its transparent trading and reputable service. We are considered to be one of the best payday loans lenders out there as we welcome those with all credit backgrounds and offer very high acceptance rates as we understand how frustrating it is to be turned away from other sources.
Why is LoanPig The Best Alternative Payday Loan Lender?
LoanPig is known for being a great alternative payday loans lender as it tailor-makes your ideal payday loans package to suit you and your needs. We feature a great alternative payday loans calculator on our website which allows you to slide along and pick your ideal loan amount as well as your ideal repayment deadline (in months) so that you are always in control of your repayments.
Does LoanPig Offer Instalment Loans?
Instalment loans are a great payday loan alternative as they offer a repayment option for those who feel that they cannot make repayments over a period of week. Instalment loans help to spread loan repayments out to ensure everyone has the chance to seek financial help in the form of a payday loan. Here at LoanPig we offer a wide range of flexible loan options that could see you borrow up to £1000 and pay back over an extended period of time.
Will LoanPig Consider Someone With A Poor Credit History?
If you have ever been rejected from a loan application in the past based on your credit rating you will know how helpless it can make you feel. Here at LoanPig we believe that an individual is more than just their credit rating and while a poor credit rating may mean that you found it harder to manage your repayments in the past, this should not influence your future payday loans applications.
How Does An Alternative Payday Loan Work?
Every payday loans lender operates in a slightly different way, but here at LoanPig you can rest assured that the application process is straightforward and can be completed in a matter of minutes. Once you fill out all the necessary information about yourself, such as your personal details, income, expenses and bank details, we conduct a background check and reach an instant decision about whether you are applicable to receive the money you need. Following this decision, we then go on to match you with one of our leading UK lenders and you could then see the money you need sitting in your bank account the very same day!
Are Alternative Payday Loan Lenders Regulated?
While in the past payday loans companies received a bad reputation as a result of being unregulated, today that is no longer an issue. The FCA (Financial Conduct Authority) have in recent years put in place some strict guidelines and laws in place which means that those looking to apply for payday loans are now able to do so without getting themselves into financial trouble. LoanPig offers alternative payday loans that are safe and do not put any applicants in danger of falling into dangerous debts.
What Is The Payday Loan Application Process Like?
Here at LoanPig we believe that applying for a payday loan alternative should be straightforward and simple. Our passion is making sure that those in need are always able to receive payday loan help from us here, so we ask that you reach the following requirements in our criteria for us to help you to transform your financial situation:
- Be a UK resident
- Be at least 18 years of age
- Have an active bank account and bank card
- Be in a state of permanent employment or receiving a pensions or form of living or disability allowance
Once we have evidence of the information mentioned above, we will see that you are well on your way to receiving your desired cash amount!
When Will I Receive My Payday Loan Money?
The speed with which you can receive the cash you need is one of the biggest draws of payday loans and is what makes them so popular. At LoanPig, if you make your application on a weekday before 3pm, you could receive the money you need the very same day. If you apply after 3pm on a weekday or on a weekend you would only have to wait until the next working day.
When Will Need To Pay Back My Payday Loan By?
LoanPig is unique in its approach to payday loan alternatives in the fact that it allows you to select your own, flexible repayment date. You can use our online calculator to select how many months you would prefer to pay your loan back in. Depending on the lender you are matched with, you may also have the opportunity to pay your loan back early or in full too.
How Do I Apply For A Payday Loan With LoanPig?
Applying for alternative payday loans with LoanPig couldn’t be easier. Firstly use our online calculator to select your desired loan amount and the number of months you would prefer to pay the loan off in and we will show you your estimated loan repayment amount. Once you are satisfied with this, you can then continue on to complete the full application with some basic details before we sent it off to match you with a reputable lender. Upon being accepted you will simply have to complete the process and sign some remaining documents before receiving your cash.
What Is The APR Rate For A Payday Loan With Loan Pig?
LoanPig offers a very competitive APR rate that comes in at 1261%. The Annual Percentage Rate can differ depending on the company you choose to take out a payday loan with. Being selective and searching for the best APR rate when searching for a payday loan is a best practice solution as it could mean you save money on repayments in the long run.
How Secure Is A LoanPig Payday Loan Alternative?
The great thing about applying for alternatives to payday loans with LoanPig is that we ensure that all of the details you supply us for the application process are not stored with us so there is no chance of your information being stolen or put in the wrong hands. Our encrypted site also ensures that the information we transfer to our panel of lenders is safe to.
If you are looking for a payday loan alternative then why not head over to our application page? Our straightforward application process could see you with some extra cash in the bank in no time! Alternatively feel free to contact us here.