When searching for a short term loan online, it can be difficult to determine who can provide you with the best short term loan to suit your needs. Firstly, deciphering whether you’re in need of help from a loan company, or you’re looking for a bank loan or other payday loan alternative can be difficult. Then once you’ve chosen your best option, you have to scour through a highly saturated market in order to find the lender with the right options for you. Here at LoanPig, we will do all of the hard work for you. While we are not a direct lender like Piggy Bank Loans, we can provide you with a reliable and thorough service in order to best match you with a loan to help you in any financial emergency. Payday loans are designed to help customers pay off unexpected bills or any other money issues where their bank account can’t quite stretch before pay day.
However, payday loans are generally required to be paid back, as the name suggests, by the next pay day. Here at LoanPig however, we can provide you with a range of flexible options from a panel of some of the UK’s top lenders, so your repayments become more manageable than ever. While Piggy Bank payday loans are one of the most popular options when it comes to short term loans, they aren’t always the best options for your individual needs.
What Do Piggy Bank Loans Offer?
Piggy Bank loans can provide borrowers with a short term loan of up to £1000 which is repayable between 7 days and 5 months. Piggy Bank are a direct lender who offer no payout fee or hidden costs, and feature multiple repayment options in order to remain flexible. The longer you want to borrow the money for, the more money you may be able to borrow. While there are a number of affordability checks carried out by the lender, this could cause some concern for those who may borrow more than they need to in order to cope with their financial emergency.
What Do LoanPig Offer?
LoanPig are different to Piggy Bank payday loans due to the flexible nature of the service. As we are not a direct lender, we can provide you access to a panel of the UK’s leading short term lenders, so you can find the very best deal all in one place. We will aim to match how much you want to borrow, your specified repayment period, and your affordability status with the lender who can provide you with what you need as soon as you need it. This is a quick and easy process, and all of the hard work is carried out by us. All you have to do is use our online loan calculator, and fill out a few details in order to apply for a Piggy Bank loans alternative with us.
Are Both FCA Approved?
Here at LoanPig, we pride ourselves on being regulated and approved by the financial conduct authority, and this status allows us to provide a fully regulated, efficient and safe service to our customers. With LoanPig, you can be certain that your needs are always put first. The Financial Conduct Authority have implemented a number of regulations into the industry in order to keep customers protected at all times, with some of the regulations including a cap on interest rates, and ensuring that borrowers never have to pay back more than double what they have borrowed. Piggy Bank loans are also regulated by the FCA.
Piggy Bank Payday Loans vs. LoanPig
There are a number of differences between Piggy Bank payday loans, and the service provided by LoanPig. With Piggy Bank loans, you are only getting one option of how much you can borrow, when to pay back and the interest rates. With LoanPig however, you have access to a range of options, in order to ensure that you are always able to access the very best lenders on the market. Piggy Bank payday loans are flexible for those looking to borrow larger amounts, but panel of lenders provided by LoanPig provides our customers with far more choice.
One of the biggest differences between Piggy Bank loans and LoanPig, is the repayment period. Piggy Bank loans offers a repayment period of as little as 7 days, or as long as 5 months. This can help their customers to split their repayments into more manageable chunks. With LoanPig however, we offer our services over a period of 6 months, in order to give our customers that little bit extra to help with their repayments.
Here at LoanPig, we practice responsible lending, and because of this, we put our customers first at all times. Responsible lending is extremely important to us, and so we remain fully transparent and honest, with no hidden fees or charges throughout the entire process. Piggy Bank payday loans on the other hand have devised their own Short Term Lending Code which allows them to discuss with their customers what they should expect from the process.
APR is one of the most important considerations when it comes to any financial product on the market. Due to having access to a large number of lenders who all have their own APR, our online loan calculator uses one of the most competitive APRs on the market, 1261%, to help you to determine before your application an estimate of how much your loan will cost you. Piggy Bank payday loans offer a Representative 1270% APR on their short term loans.
What Is APR?
APR stands for annual percentage rate, and this dictates the amount of interest and the fees or charges applied by your lender, over the period of a year. If you’re looking to borrow money, whether that is in the form of a credit card or a short term loan like Piggy Bank payday loans, then your interest rate and charges will be expressed as an APR.
Why Choose LoanPig?
Here at LoanPig, we can provide you with a full service, helping to ensure that you are getting the best Piggy Bank loans alternative to suit your needs. We understand that each individual will have a different reason why they may need a little extra help, and so we tailor your preferences on loan amount and length of time to help match you with the most appropriate lender. Piggy Bank payday loans are flexible, but with a panel of lenders available to provide you with the best option for your needs, you can be sure to find everything that you need right here.