Loan Pig’s £50 Payday Loans
Whether you need to make an emergency purchase or pay an unexpected bill, we are able to offer loans of small amounts. For example, if you need £50 payday loans, as a direct lender and broker we can arrange loans of any amount from £50 up to a maximum of £1500.
What can LoanPig offer me?
As a unique direct lender and broker that provide a variety of loan amounts, we are here to help tide you over until your next payday. Sometimes you might not need a huge loan of a few hundred pounds, but just £50 to carry you over till your next payday arrives.
Few companies offer payday loans at prices as low as £50 and usually offer loans from £100 or higher. However, we at LoanPig understand that unforeseen circumstances will leave you in need of small financial assistance. Plus, with LoanPig, you don’t have to worry about any upfront costs as we don’t charge any fees.
How much interest do I have to pay?
We offer a variety of options when it comes to repaying your loan. Here are the representative prices you’d have to pay back depending on your loan length. Note: the quicker you choose to pay back your loan, the less interest you’ll have to pay.
Taking out £50 payday loans over certain months, here’s a representation of how much you’d have to repay with a fixed 292% APR.
- 1 Month – £62.17
- 2 Months – £68.91
- 3 Months – £76.09
- 4 Months – £83.69
- 5 Months – £91.69
- 6 – 12 Months – £100
What are the benefits of Payday Loans?
Payday loans get a lot of negative press, however, what some people fail to understand is that they have their perks when needed in emergency situations, for example:
- It’s a speedy financial fix
- We cater to all credit rates
- You’ll receive the funds on the same day or the next working day
- Our acceptance rates are high
- We consider your affordability/circumstances as well as credit
- It’s discrete – No need to ask a bank manager or family member
- Provides an option when there are no others
What’s the best way to use my loan?
When taking out a £50 payday loan, you can use it on anything you desire. However, we do advise that you only take out a payday loan when it is an emergency as a last resort. Saving up money should be your first priority.
Payday Loans are frequently used for:
- Emergency Repairs (e.g. car repairs)
- Unexpected Expenses (e.g. larger heating bills)
- To cover a small bill
Am I eligible for a Payday Loan?
We at LoanPig offer simple standards for eligibility, applicants must:
- Be a UK resident
- Must be aged 18 or over
- Be in employment (in some circumstances other forms of income may be considered)
- Be able to meet the affordability/credit checks that we and our panel of lenders request
- Hold a UK bank account
My credit isn’t the best, will I still be able to borrow £50?
To your benefit, LoanPig and our panel of lenders caters to all types of credit histories and financial circumstances. So, if you have bad credit, don’t worry because we also take your circumstances into consideration in the process of deciding whether to offer you a loan or not.