Piggy Bank

2 reviews

1270% Representative

Will lend between: £100 - £1,000

Over: 1 - 5 Months

Representative example: If you borrow £250 over 30 days at a Representative rate of 1,270.0% APR and an annual interest rate of 292.00% (fixed), you would pay 1 monthly instalment of £310.00. The total charge for credit will be £60.00 and the total amount payable will be £310.00.

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Representative 49.9% APR.

Piggy Bank customer reviews.

2 reviews

4.5 out of 5 stars

decent lender
13:03 11-11-2015
ImageChoose Wisely

no cheap, but its payday, so what do you expect. would use again

phil reed

not too bad
11:01 26-11-2014
ImageChoose Wisely

I had a few bills to pay this month and not enough money to last me until I got paid, so I searched online for a payday loan and came across PiggyBank. Having heard a lot of bad things about these type of companies, I was a little dubious but Piggy Bank were brilliant! They actually cared about whether I could afford to pay back the money after I'd paid all of my other bills so not to leave myself short again this month. It's nice to find a responsible payday company for once!

tom lucas

Our review of Piggy Bank

PiggyBank loans offer flexibility on their payday and short-term instalment loans which is one of their best assets. Customers are free to pay at a repayment rate that suits them, so for example if you get paid weekly, you can set up your repayments to be weekly rather than monthly. You’re also able to make partial payments or settle the loan early if you have the funds, and this is all done via the online account that you set up during the application – it seems with PiggyBank Loans the customer really is in control.

Another benefit of PiggyBank Loans is that their loan calculator is one of the best I’ve seen. Instead of giving a vague idea of payments, it calculates the actual dates that the loan would be paid back, and the actual repayment amount, which gives customers a better grasp of when repayments would be made.

As with any high-cost short-term product the usual warning applies. If you have any doubt whether you can afford to repay your loan on time and in full, then don’t apply. By missing or being late with repayments, you will not only harm your credit file but could be subject to a number of fees, which can soon make things very expensive.

Overall verdict: Their representative APR is mid-table on Choose Wisely so there are cheaper options out there, however, if you’re looking for a short-term loan that’s highly flexible and can suit your circumstances then PiggyBank loans are well worth considering.

Written by: Alex


  • You can repay early, make partial payments or set up a payment plan
  • Option of taking out 2 different types of loan
  • No payout fee
  • Interactive loan calculator
  • Fully authorised by the Financial Conduct Authority

Minimum criteria

  • You must be a UK resident
  • You need to be aged 18 or over
  • You need to have a mobile phone
  • You must be employed and working over 16 hours per week
  • You need to have a bank account with a debit card
  • No CCJs in the last year
  • No debt management plans
  • No bankruptcy in the last year


  • Maximum APR 1698.1%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

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About Piggy Bank

PiggyBank offer short term and payday loans from £100 to £1,000 that can be borrowed for loan terms ranging between seven days and five months. Their representative APR is 1270% which works out as 0.8% per day. PiggyBank offer two different types of loan, their payday option which can be paid back in one payment, or their instalment loan which can be repaid in monthly, weekly or fortnightly payments up to five months.

Their application is filled out 100% online and takes only a few minutes to complete. If you’re accepted for the loan then the funds could be in your account within one hour. They can accept customers with less than perfect credit history, but will complete credit checks and take into account your personal circumstances and whether they believe you’re able to pay the loan back, if you can’t then they won’t grant you the loan.

Your PiggyBank loan can be managed online and they offer a number of repayment options. As well as being able to choose the frequency of which you make your repayments, you’ll also be able to settle the loan early, make partial payments and for some customers even set up payment plans, all of which is controlled through your PiggyBank online account.

Company information

Registration number: 07952979



28 Avenue Road, Bournemouth, Dorset, BH2 5SL

FCA registration

Reference No: 660382

Trading names: PiggyBank Loans , DJS (UK) Limited, Aeroplane Loans

Place of business: 28 Avenue Road, Bournemouth, Dorset, BH2 5SL

Data protection registration

Registration No: Z3140485

Data controller: DJS (UK) LTD

Address: 28 Avenue Road, Bournemouth, Dorset, BH2 5SL

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