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Lender Overview

LoanPig is an online direct loan lender that offers payday loans and instalment loans to customers that are looking to manage a short term financial need. Borrowers based anywhere in the UK can apply for a loan from £50 up to £1500 and their loan durations are from 1 month for payday loans to 12 months for short term instalment loans. You can apply to borrow quick money from LoanPig by filling in their online application form which you will find on their easy to use website. You select your loan amount and duration, and then fill in some personal information, your address, income and expenses. You’ll also need to provide your bank and debit card details so that they can transfer your loan if your application is successful. LoanPig is a lender and a broker, and they may perform a credit check once you submit your application so that they can understand your credit history and credit file.

Transfer Time

LoanPig offers loans to UK borrowers every day. Successful applicants will have their loan transferred to their nominated bank account via Faster Payments as a free of charge service. Funds are usually transferred in 4 hours if you make a loan application on Monday to Friday before 3pm, so you could receive the loan funds on the same day as your application. If you apply on a weekend, or after 3pm on a weekday, your loan may be transferred on the next working day.

Loan Repayment

The date that you will need to repay your loan depends on the repayment terms in your loan agreement so check the information carefully. On your agreed repayment date, LoanPig will collect the agreed amount from your nominated debit card by Continuous Payment Authority, which is also known as CPA. If you have changed your debit card since you made your application, you must notify LoanPig so that they can update your card details. You may also be able to repay some or all of the loan early if you wish. It’s best to contact LoanPig directly after you loan is approved to find out more information about early repayments.

Application Criteria

  • You must be over 18 years old
  • You must be a UK resident
  • You must be in permanent employment (in some circumstances other forms of income may be considered)
  • You must have a UK bank account with a valid debit card
  • You must meet their credit criteria and affordability assessment

Regulation is a registered trading name of The Money Hive Limited which is authorised and regulated by the Financial Conduct Authority.


Instalment Loan

Min loan amount


Max loan amount


Min loan duration

1 month

Max loan duration

12 months

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Representative Example: £300 loan for 3 months with 3 repayments of £152.65. Total Repayment £457.95. Interest rate: 292% pa (fixed). Representative 1261.0% APR