Looking For A Payday Loan Today?
If you’re facing unexpected bills or financial emergencies, LoanPig is here to help you find affordable payday loans that match your budget. As a payday loan direct lender, we offer a simple and fast application process that allows you to choose a loan amount and repayment term that suits your needs, so you can apply for up to £1500 and get a quick decision today.
Our instant payday loans are designed for short-term financial help when you have no other options available. Choose to repay in a single payment or have repayments of up to 12 months, whichever is best for your financial situation. At LoanPig, we have helped many different customers with various requirements get cash loans quickly, so if you can afford the repayments you need, click apply now and start your application.
Find out more about our UK payday loans below, and if you have any questions, please do contact us – we’ll be happy to help.
When Should Payday Loans Be Used?
As they are designed for short-term issues only, payday loans are best used for urgent financial needs that you cannot settle with savings or any other means. If you’ve received an unexpected bill that you will struggle to otherwise cover or are facing a financial emergency you need to resolve today, our fast payday loans can be an ideal solution.
Before applying for a payday loan in the UK, you’ll need to ensure that you can manage the repayments without causing further financial strain. You should also determine if borrowing money is the best option for you and that it is for essential needs rather than non-essential expenses.
At LoanPig, our customers use payday loans as a temporary option rather than to cover any other regular debt repayments or essential monthly outgoings. If you have a need that cannot wait until your next payday, we can help you find payday loans that can suit your budget.
Why Choose LoanPig For Payday Loans In The UK?
As we recognise that financial emergencies can happen to anyone at any time, at LoanPig we are happy to help find the ideal solution to your problem. That’s why we offer instant payday loans, tailored to meet your unique needs as a direct lender and as a loan broker.
We work with multiple payday lenders in the UK, providing one of the largest panel of lenders online, so if for any reason we can’t help you today, we’ll show you who from our lending panel can. Here are some of the reasons customers choose LoanPig for quick payday loans:
- Quick and Easy Application Process – Our application process is designed to be quick and easy, so you can get the funds you need up to £1,500 as soon as possible. You can apply for a payday loan online, and we will process your application fast so that you can get the money you need within hours if approved.
- Flexible Repayment Options – Every customer is different, which is why we offer flexible repayment options to suit your needs. You can choose to repay your loan in just one month or spread the cost up to a maximum of 12 months, whichever you prefer. Simply adjust the sliders at the top of the page, and we’ll find a suitable option to match.
- Transparent Fees and Charges – We believe in transparency, which is why we make all of our fees and charges clear and easy to understand. You will never be surprised by hidden fee or charges when you apply for a payday loan with LoanPig.
- Responsible Lending Practices – We are committed to responsible lending practices, so we will only approve a payday loan you can afford to sustain. We’ll check your credit score and current financial situation when assessing your application. If we can offer payday loans for bad credit, we’ll do so if it matches what you can afford and won’t cause financial difficulties during the loan term.
- Exceptional Customer Service –Our dedicated customer service team is ready to assist you whenever you need us. Whether you have enquiries about our services or the payday loan UK application process, our knowledgeable team is here. We also welcome any feedback to improve our services, so please reach out and contact us.
What Are Payday Loans?
Having evolved over the years, a payday loan originally referred to funds advanced against a post-dated cheque that meant customers could get a cash advance before they were next paid. These loans were typically paid back in one lump sum on the next payday. Today, they have expanded to cover various types of small, short term loan that can range from 1 to 12 months, providing much more flexibility.
Payday loans are similar to emergency cash loans where you can borrow a small amount over a short period when you really need them. These loans are unsecured, so like no guarantor loans, they do not require any collateral like your personal property to secure them and do not require a guarantor either. They are designed to provide quick financial help when you lack other payment means, such as savings or other available credit, or in situations where you might need an emergency loan despite having bad credit.
The representative APR for payday loans in the UK can appear high because it’s calculated on an annual basis rather than for the actual term of the loan which is usually a lot less. However, it’s important to note that the interest paid over a shorter term can differ significantly from the total APR. At LoanPig, the total cost you’ll ever pay back, including interest on a £100 loan, is capped at £200 – ensuring you never pay back more than 100% of your loan’s value in interest. You’ll see a representative APR above and as a trusted payday loan direct lender, we want to ensure the loan is affordable for the term you choose. Please contact us if you have any questions.
Frequently Asked Questions
Is LoanPig a Regulated UK payday loan direct lender?
You can have complete peace of mind when you take out a loan with us because we are authorised and regulated by the Financial Conduct Authority. Our registration number is 736632. Our lending arm is The Money Hive Limited
Can I get a Payday Loan if i have bad credit?
Payday Loans are available to anyone, the criteria varies from lender to lender but generally anyone who needs a loan quickly, whether they have bad credit, a student or are self employed. Our loan application process means that we will go through your application and consider elements of your credit score and history, via open banking, that other lenders won't.
How quickly are the Payday Loan funds made available to me?
If you are accepted by us or one of our lenders for a Payday Loan, then you should receive the money into your bank account within a couple of hours (on average), but sometimes as quickly as 15 minutes.
Payday Loans UK – FCA Authorised, Trusted Lenders
We are fully authorised by the Financial Conduct Authority (FCA) as short-term payday loan direct lenders and brokers. This means when using us to find the best UK payday loans, you can trust your application will be treated fairly and all terms and conditions will be transparent so there are no hidden surprises. As trusted direct lenders, we want you to be confident that using our platform can provide the best options for you.
There are many rules that FCA-authorised payday loans UK lenders must follow when offering instant payday loans, including a price cap on the interest, fees and charges:
When choosing between UK payday lenders, you must ensure that they are authorised and regulated by the FCA. LoanPig’s FCA registration number is 736632.
Same Day Payday Loan Direct Lender
As an FCA-authorised direct loan lender and broker, we offer you a better chance of getting approval for a payday loan in the UK. Our unique position allows us to provide more options, making it more likely for you to secure a loan that fits your financial situation. If we can’t lend to you directly, we can connect you with a panel of payday lenders in the UK who are well-prepared to assist, provided you meet their affordability requirements.
We will present your details to them and 3rd party financial services, giving you a better chance of finding fast payday loans you can afford. As one of the few payday loan direct lenders that also acts as a broker, we offer a wider selection of financial products to choose from, giving you more flexibility and choice in managing your financial needs quickly. Approval can’t be guaranteed, but we’ll do our best to match you to a lender that can help provide same-day cash.
Payday Loans for Bad Credit
LoanPig provides access to affordable payday loans for bad credit to help those facing an emergency
If you’re considering short-term UK payday loans, it might be due to a poor credit history or low credit score. This can often limit the options available to you with conventional high street lenders who typically need a good level of credit to help. Bad credit might arise from missed payments or defaults on loans in the past, which can significantly affect your current credit score.
No matter your financial past, if you need quick financial help and have a low credit score, our bad credit payday loans could be a suitable solution. As responsible direct lenders regulated by the FCA, we conduct credit and affordability checks to ensure fairness and responsibility in our lending practices. We’ll never offer a loan that you cannot sustain the repayments for, ensuring your financial health is a priority. If you need more information about our payday loans bad credit options, please contact us.
LoanPig’s Quick Payday Loans Criteria
At LoanPig, we understand the urgency when the unexpected happens, and we aim to make the process of applying for a UK payday loan as quick and straightforward as possible. Here’s what you’ll need to provide to start your application today:
– be a current UK resident
– be at least 18-years-old
– have an active bank account and a valid debit card
– either be in permanent employment or receiving some form of disability/living allowance or a pension
– be in a position to confidently afford the monthly repayments
After verifying these details, we’ll quickly process your application, which includes a full credit check. We assess your personal and financial information alongside your credit score to ensure the loan suits your financial situation and that repayments can be sustained. If approved, we aim to transfer funds to your bank account the same day, or the next working day if the application is after 3 pm or over a weekend.
If you have any questions about our same-day payday loans, please don’t hesitate to contact us. Ready to apply? Click Apply Now to begin.
Payday Loans UK FAQs
Is LoanPig Regulated?
Yes, we are fully authorised by the Financial Conduct Authority (FCA), registration number 736632. When you apply using our platform, you can trust that we’ll securely process your details and follow responsible lending guidelines. The FCA has very strict guidelines in place, which we fully adhere to as responsible UK payday lenders.
Can Anyone Apply for a Loan?
To apply for and find a payday loan today, you’ll need to meet our eligibility requirements. These include being over the age of 18, a current UK resident, having a bank account with a valid debit card, being in permanent employment or receiving some form of disability/living allowance or a pension. You’ll also need to demonstrate you can afford the monthly repayments and sustain them.
Whether you have bad credit, are on benefits, are a student or are self-employed, we can help you as a direct lender or connect you with other payday lenders in the UK from our panel. As long as you can meet our lending criteria we can look to help you. Each loan is subject to affordability and credit checks to ensure the loan is right for you and will not cause further financial difficulties.
With Loan Pig, you can apply for £50 Loans, £100 Loans, £150 Loans, £200 Loans, £300 Loans, £500 Loans, and £750 Loans.
How Quickly Will Payday Loans Online Pay Out?
If we can approve your application either as a direct lender or through one of our lending partners, the funds will be processed to go through to your bank account as soon as possible. This will usually be the same day and sometimes as quick as a couple of hours on average. This will depend on if your application was made during our business hours, so if approved after 3 pm Monday to Friday, on a weekend or bank holiday, this will be the next working day.
How Do Payday Loans Differ To Other Loan Types?
The main difference between a payday loan and other forms of borrowing is the ability to apply quickly for short-term funds. Whereas a personal loan is ideal for higher amounts and long-term instalments, payday loans are best for amounts up to £1,500 and shorter repayment terms under 12 months, typically 3 – 6 months. Applications are fast and approval can be instant, meaning they are ideal in emergencies or to cover unexpected expenses. They can also be ideal for those with a poor credit history, with bad credit payday loans available to those who can afford the repayments.
How do I get a payday loan easily?
Whilst applications cannot be guaranteed, you can do the following to make the application process as smooth and easy as possible. Ensure you meet the eligibility criteria before applying and that you have all the information you need for the application in front of you such as your ID, proof of address, recent pay slips, and bank statements.
When filling out the application, complete this accurately and review the loan terms carefully. The more accurate the information, the better this will help your application when checked against your credit report. It’s a good idea to already know whether the loan repayments will be affordable for you before applying, otherwise, you could be declined if we or other lenders can’t determine this. If we have all the correct information for you, and the loan is affordable, we hope your application will be successful.