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PiggyBank is another lender that operates from the UK. The company provides a wide range of loan options such as short-term loans, instalment loans, and payday loans. You can borrow as much as £1,000 as a new customer while the old customers can borrow up to £1,500.

You can take this short-term loan to take care of some finances such as fixing a car, paying some bills, or fix some other needs before you collect the next paycheck. You can take their short-term loan for about 35 days or opt for the instalment loan that you can repay within 5 months if you need the money for a longer period than covered by the short-term loan.

Why choose PiggyBank?

The United Kingdom has tonnes of loan lending companies that offer any array of loan options. Why, then, should you choose PiggyBank? Consider some reasons why you should choose them:

  • They are transparent: When applying for a loan, the company will give you the freedom to be in control of your loan. For instance, you can use their loan calculator to have a complete breakdown of the loan including your interest and the total payment before taking the loan. The process is not shrouded in mystery but absolutely transparent.
  • Convenient service: The company sets out to attend to the needs of people at the right time. As such, they are available to render any needed assistance whenever you need it.
  • They are a responsible lender: According to the company, “The price of greatness is responsibility.” They practice this by lending people what they can afford to repay only without bringing an unnecessary financial burden on themselves. If it is discovered during their affordability checks that a borrower may find it difficult to repay their loan, the company will not lend them.
  • No hidden costs: The only fee you will be charged is the monthly repayment fee on your loan. There are no other hidden loans to extort you. While some lenders penalise their customers for early repayment, PiggyBank appreciates that.
  • Fast online application: The application process is very fast. Within a couple of minutes, you should be through with filling the online application without delay. This fastens the process of getting the loan.
  • Multiple repayment options: The repayment options here are not rigid, but flexible. You can choose a repayment option that meets your personal needs and make repayment easy for you. This is an advantage you should take to get the money you need at the right time.

Credibility requirements

If you are interested in the loan, check yourself whether you meet these requirements:

  • You must be at least 18 years old when applying for the loan.
  • You must be capable of repaying the loan.
  • UK residence is a must too.
  • A steady source of income is a requirement.
  • Your income should be sufficient for your bills and monthly repayment as well.

A good look at these will show you the reasons why you need to take a loan from PiggyBank if you need one.

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