PiggyBank

Visit Site

Company Information

  • Company Name:
    PiggyBank
  • Website Address:
  • FCA IP:
    651003
  • Business address:
    DJS (UK) Limited, DJS House, 9 Kingfisher Business Park, Headlands Business Park, Blashford, Ringwood, BH24 3NX
  • Phone number:
    0800 206 1560

PiggyBank is a provider of instalment loans that help UK residents to overcome short term financial burdens. These are small loans that can be quickly paid back. The application process is simple and quick, and consumers don’t need perfect credit histories to be approved. Customers of PiggyBank can be sure of fair and reliable service thanks to the fact that PiggyBank is authorized by the Financial Conduct Authority.

APPLICATION REQUIREMENTS:

In order to be approved for a short term loan from PiggyBank, applicants need to be employed. They also need to be UK citizens with UK bank accounts. When determining eligibility for an instalment loan, PiggyBank will look at an applicant’s finances to determine whether or not that applicant can afford to pay back the loan. Although applicants don’t need to meet very strict requirements regarding their credit histories, they should be able to show that they are currently able to maintain both their previous credit commitments and the new PiggyBank loan.

LOAN AMOUNT AND CHARGES:

Loans from PiggyBank range in amount from £100 to £750 for new customers. However, returning customers could be eligible to borrow as much as £1,500. The repayment period on a PiggyBank instalment loan varies from between two to six months. The shorter the loan repayment period, the less money the borrower will pay out in interest charges. A typical interest charge for a 30 day loan of £250 will be £60. This loan would have an interest rate of 292% and a representative APR of 1270%.

PROCESS:

The process of applying and being approved for a PiggyBank loan can be carried out entirely over the Internet. This means that customers don’t have to go in to their offices in person or wait in line.

The applicant simply needs to submit an online application detailing some basic information about his or her address and employment situation. Once approved, loan funds can be immediately deposited into the applicant’s account within only an hour.

PAYMENT:

Customers will be contacted to be reminded of their repayment date. They encourage customers to pay back their loans early so that they can pay less in interest. Repaying an instalment loan from PiggyBank is just as easy as receiving loan funds. Customers can make payments using their bank account by either calling in to talk to someone over the phone or taking care of their payments online on their website.

114 Reviews of PiggyBank have been submitted - read the latest 3 below

Having tried a number of these online loan companies I think I can say with some certainty that PiggyBank is one of the most convenient and flexible type of loans available at the moment. The fact that they are offering very competitive rates as well makes them my preferred choice at the moment and I think that would only change if PiggyBank were to suddenly hike up their interest rates. I hope they don't because I really like using them and have got used to their website and how they operate which just helps to speed up my loan applications each time. I'd be happy to recommend PiggyBank based on my experience of them.

Review posted by B. Whitmore, Stoke-on-Trent

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Both my partner and I rely on loan facilities like the one PiggyBank offer. Between the two of us we have tried most of the online lenders but we have been using PiggyBank for the last year or so and we both really like the PiggyBank set up and find each time we use them they always process our loans quickly and without any problems. We've never had to wait more than a few hours for the funds and that's one of the things we really like about PiggyBank especially my partner who is always doing things on the spur of the moment and is quite impatient. So for the moment we don't feel the need to change lenders and we're more than happy with PiggyBank.

Review posted by Russell Hicks, Reigate

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

I've been using PiggyBank loans for a while now so I am able to borrow the maximum amount if I need to. I started off using PiggyBank loans for small payday loans and paid them back in one go at the end of the month when I got paid but recently I needed to borrow 1K for some car repairs and that's the first time I used PiggyBank as an instalment loan facility and it has worked out really well for me. I couldn't have afforded to get the repairs done and my car back on the road so quickly without this loan so I am really pleased PiggyBank offer such a flexible loan repayment. It has certainly helped me out big time getting my car back on the road.

Review posted by Lyndon Burns, Hornsey

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money