PiggyBank

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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

Based in the historic market town of Ringwood, United Kingdom, PiggyBank (piggy-bank.co.uk) is an online payday loan company dedicated to “produce the World’s Best Financial Product for both lenders and borrowers.” PiggyBank is a trading name of DJS (UK) Limited.

APPLICATION REQUIREMENTS:

To apply for a PiggyBank loan, you must be over 18 years of age, have a job in which you work more than 16 hours a week, are a resident of the UK, have good credit and own a UK bank account. Conversely, people who are employed or underemployed, have a county court judgment or declared bankruptcy within the past 12 months, are on a debt management plan, or do not own a bank account will not be approved for a loan with PiggyBank.

LOAN AMOUNT AND CHARGES:

At PiggyBank, you can borrow between £50 and £500 if you are a first-time borrower; returning customers can borrow up to £1,000. The time period of the loan is between seven and 42 days. Loan amounts depend on PiggyBank’s credit and affordability evaluation, as well as the time period of the repayment. No matter the size of the loan, the APR is set at 1,355 percent. Also, you pay a £6.95 fee, which is broken down into £1.75 for proving who you are, £1.20 for making sure you can afford the loan and £4.00 for getting your money quickly.

PROCESS:

Once you enter your personal and bank information, PiggyBank will perform several checks, which include credit history, identification, bank verification and affordability assessment. If approved, PiggyBank deposits the money into your account within the next hour via UK’s Faster Payments.

PAYMENT:

PiggyBank withdraws the repayment amount from your account on your pay day as agreed in the loan documentation. For people who have more serious financial issues, PiggyBank encourages them to consult with the Step Change Debt Charity service, instead of taking out a short-term loan.

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

Of the 3 payday loans I have ever taken out in my entire life, I think PiggyBank have been the best one so far. It was really quick and easy to apply and the rates were good to start with which is why I chose them. But getting my cash so quickly made a big difference to me because with the previous payday loans I had to wait more than 24 hours or pay a much higher extra fee to get my money quickly. PiggyBank keep their fees to a minimum which is why their loans are so much better value and I'll definitely be using them again.

Review posted by Suzy Ashwell, Maidenhead

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

All my friends use PiggyBank for payday loans like me. We think they are the best lender and they have never let me down getting the money to me when I need it. For me that is one of the most important things about a payday loan because I usually try to get one when I am absolutely skint and knowing that money is going to reach your bank account within hours of applying is great because it can be a bit embarrassing if you meet up after work for a drink and you haven't got enough cash on you to buy your round. With a PiggyBank loan that never happens to me anymore!

Review posted by Claire Richmond, Harlow

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

I only ever use PiggyBank for payday loans because they are the simplest and quickest lenders to use. I'd tried several others when I first started using payday loans but I have been using PiggyBank ever since I took out my first payday loan with them about 2 years ago. Unless they were to start charging a lot more interest I don't see any reason to go with another lender at the moment. I always pass the credit and affordability checks and the money has always got to me within an hour or so of me applying. Quite a few of my friends use PiggyBank as well and they would agree with me that PiggyBank are definitely one of the best payday loan companies.

Review posted by Nathan Woodridge, Chislehurst

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