With many options online for quick credit, it can be difficult to choose the right payday loan for your circumstances. If you’ve been searching a while for the right lender, at LoanPig we can help you with payday loan alternative options to consider. As we are both a direct lender and a broker, we can help you get the funds you need either directly through us or via our panel of Financial Conduct Authority (FCA) approved lenders. Use our handy slider to choose how much and how long you want to borrow, and we’ll quickly show you alternative loans to payday loans in minutes.

You can choose to borrow between £100 and £1500, with flexible repayment terms of up to 12 months to make it manageable to payback. Our payday loan alternative solutions will help you quickly get the credit you need for a short term emergency. Click apply now to see if either we or one of our payday loan alternative lenders can help you today.

 

What is a Payday Alternative Loan?

 

Traditional payday loans are a small and unsecured single-payment loan that is usually borrowed for a period of 30 days. With an alternative payday loan, this is a short term loan that is usually paid back over a period of 3+ Months. Other types of loan that relate to payday alternative loans include instalment loans, quick loans, and personal loans.

The benefit of a payday alternative loan is that it allows you the chance to borrow money and repay over the course of several repayments, handy when you need to borrow a larger amount. Our payday loan alternatives are designed to be quick and easy to apply for and provide the exact flexibility our customers want when borrowing money. In the event of an emergency to cover an unexpected expense, an alternative to payday loans in the UK can be exactly what you need when used responsibly. At LoanPig, we are one of the most reputable payday loan alternative lenders on the market and are in a unique position to not only lend our own money as direct lenders, but also put you in contact with other lenders when we can’t approve your application.

 

Why Choose an Alternative to Payday Loans in the UK?

 

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 the unexpected can arrive and leave us worrying about how we are going to cover an emergency. This is where LoanPig comes in, as we pride ourselves on providing a payday loan alternative that will ensure you are not left in the red. An alternative to payday loans in the UK can ensure you will resolve your financial emergency quickly and without stress. Whereas many payday lenders are associated with high cost short term credit, alternative loans to payday loans provide added flexibility so that if you need longer to pay them back, you can.

 

What Can I Use a Payday Loan Alternative On?

 

Once you have secured a payday loan alternative, you can use your cash loan for a number of different causes and purposes. Here are just some of the ways our customers use the best alternative to payday loans in the UK:

 

– Pay for an unexpected home or car repair

– To help tide them over when dealing with an illness or redundancy

– To avoid having to deal with costly bank overdraft charges

– To assist in consolidating debts and reducing monthly repayments on the whole

 

Alternative loans to payday loans from LoanPig could transform your current situation and help you to not only manage your money better, but also help to get you out of some tricky financial situations. Please remember, payday loan alternatives should be used for emergency purposes only. You should also only choose repayment terms and an amount you can comfortably afford to pay back and maintain. An alternative to payday loans in the UK are not designed to cover any long term financial difficulties and should be used in the short term only.

 

How Much Would You Like?

 
 
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Representative example: Borrow £300 over 3 months @ 292% pa (fixed) Total repayment: £457.95 in 3 monthly payments of £152.65. Representative 1261% APR.

 

Eligibility for a Payday Loan Alternative

 

To be eligible to apply for the best alternative to payday loans in the UK through us, all customers will need to meet the following criteria:

 

– Be at least 18 years of age

– Be a current UK resident

– Have an active bank account and valid debit card

– You will need to have some form of income (living allowance, disability allowance or be in fulltime employment etc.)

 

These are the minimum requirements to apply for a payday loan alternative today at LoanPig. As you’ll notice, we do not have a minimum credit score requirement, meaning whether you have a good or low credit score, we are in a position to help you find exactly what you need as long as you have the affordability to do so.

 

Alternatives To Payday Loans For Bad Credit

 

If you have ever been rejected by a lender in the past based on your poor credit rating, we understand this can be frustrating. 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 application.

We can help with alternatives to payday loans for bad credit so if you have a history of missed payments, paying arrears, defaults and more, we may still be able to find a loan option for you. Whilst we cannot guarantee your application for alternatives to payday loans for bad credit will be approved, we won’t decline you based on just your credit rating.

 

Apply for the Best Alternative To Payday Loans in the UK

 

Applying for alternative loans to payday loans is easy with LoanPig. Click apply now and find a short term loan today that matches your affordability. We not only utilise advanced technology to match you with a loan from our panel of lenders, but we offer an online application process so that we can lend to you if approved. No hidden fees or charges are applied to find a loan through us, as our search at LoanPig is free to use.

Start your application today and see which of our lenders can help you in an instant with a payday loan alternative. Have any questions? Feel free to get in touch with the LoanPig team or browse our FAQs for answers to common questions we receive.

 

Apply Now!

 

Payday Loan Alternative FAQs

 

How Secure is a Payday Loan Alternative through LoanPig?

 

The great thing about applying for alternative loans to payday loans with LoanPig is that we ensure that all of your details are secure. 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 too.

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.

What is a Payday Alternative Loan Repayment Schedule?

 

A typical repayment schedule for payday alternative loans is taken automatically from your bank account. This is done through a continuous payment authority (CPA) that is set up once your loan is agreed upon. This makes it easy to repay your loan on time each month, as the payment will be taken automatically from your bank account on the agreed date. All you need to do is ensure enough available credit is in your bank account for this to go through. Please check your credit agreement as each lender may do so differently, but many will send you a reminder before each repayment date so that you can ensure funds are available.

Are Alternatives to Payday Loans for Bad Credit Guaranteed?

 

Even if you have good or excellent credit, the loan approval cannot be guaranteed. With alternatives to payday loans for bad credit, you have a better chance of being successful with your application as these loans will focus more on what you can afford to pay rather than your credit score. No payday alternative loan lender can guarantee approval, so bear this in mind when searching online for a suitable loan.

Can an Alternative to Payday Loans in the UK Be Repaid Early?

 

If you are curious what is a payday alternative loan policy for early repayment, the good news is many direct lenders can offer this. If you are in a position where you can afford to repay the full outstanding sum, you should contact the lender directly and discuss doing so. You should check the credit agreement for the payday alternative loan carefully as this will detail if any early repayment fee would be due. If you are then happy with the terms, you should be able to settle the total earlier than scheduled.