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How does a loan from Payday Pig ® work?

At Payday Pig ® we want to make things as fast, simple and convenient for you as possible. As one of the UK's top loan brokers we have all the UK's top lenders on our panel so you only have to try one place. And because it is all online you could have the money in your account in an hour or two.

Payday and short-term loans are intended to be used for short-term borrowing requirements.

You never know when an unexpected bill will arrive - a busted boiler, a broken down car, a really big fuel bill. Sometimes payday is just too far away. Whatever the reason, if you decide you want a short-term unsecured loan then you just need to follow these three simple steps:

Step 1. Apply online - it only takes a couple of minutes

Our online application form means you don't need to fill in any paperwork *. We have tried to make the form as simple to complete as possible. No awkward questions for you to worry about, or silly paperwork to post or fax back.

We offer loans from £100 to £1,500*, so first decide how much you want to borrow. Remember, you must pay back the loan on the required date, usually your next pay date.

Please make sure you check how much you will need to pay back. You can see representative costs on our Loan Costs page. You will usually be expected to pay this back on your next pay day. Remember if you miss a payment you may be charged an additional fee or interest payments.

Step 2. Receive online confirmation straight away

After you have completed the application form we will then aim to match you with one of the loan providers on our panel.

We will tell you if your loan has been provisionally approved and will redirect you to the website of the loan provider. We will also send you an email with a link to the loan provider's website, just in case the redirect fails. If there are any problems please check your spam folder for the email confirmation.

Complete the application process on the loan provider's website. Please check you are happy to agree to their terms and conditions first.

If we can't find you a suitable lender we may suggest an alternative product that is not a loan from a lender. You are under no obligation to accept this offer.

Some of these alternative products may provide a free trial of a subscription service. Again, you are under no obligation to accept this offer. If during the free trial period you choose not to continue it then you should contact the service provider directly to cancel the subscription.

Step 3. Get the money in your account today*

When you apply Monday to Friday before 5pm the loan provider could deposit the money in your bank account on the same day. If you apply after 5pm then your money could be deposited in your bank account the next working day. When you need money on a Monday then you can apply over the weekend. Deposits can sometimes take 2-3 working days depending upon the lender and your bank accepting faster payment terms.

Representative Example: Amount of credit: £500 for 12 months at £79.09 per month. Total amount repayable of £949.08. Interest: £449.08. Interest rate: 140% p.a. fixed*. 278% APR Representative. Rates between 9.9% APR and 1295% APR.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.