Our personal loans for students cost from 2.00 to 5.60 per week per 100 borrowed*. That's 0.8% interest per day, with the maximum interest you can owe capped at half of what you borrow. There are no late payment fees or other costs. To borrow 100, a 25-week loan repaying 150 costs 2.00 per week. A 1 week loan repaying 105.60 costs 5.60 per week.
Smart-Pig was created by students after one of our founders had a bad experience with a payday loan. We decided students needed an alternative designed just for us. Unlike other short term lenders, we have been specifically designed for students. Smart-Pig made our first personal loans for students from a university bedroom in 2012.
Smart-Pig was created by students after one of our founders had a bad experience with a payday loan. We decided students needed an alternative designed just for us. Unlike other short term lenders, we have been specifically designed for students. Smart-Pig made our first personal loans for students from a university bedroom in 2012.
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About us
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Smart-Pig lets you borrow up to 350 until your next student loan, quickly and easily. Our loans are designed just for students and have 10-day grace period, interest cap, and no late payment fees. This make us an alternative option to payday loans for students who need a short-term loan in an emergency.
Our story
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We originally started Smart-Pig in protest of unethical payday loans, after one of us got into trouble with a payday loan and ended up owing many times what we borrowed. In 2012, adverts for short-term loans and payday loans were everywhere. From 2007 onwards, some lenders had raised massive amounts of money from wealthy funds and venture capitalists and flooded everywhere they could with advertising.
How it works
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Smart-Pig was created by students, just for students to allow you to borrow up to 350 until your next student payment. You apply online and can get your money the same day, often within minutes. Smart-Pig was created with your student finance income in mind, meaning you repay your loan in one go when your next Student Finance Loan, NHS Bursary or SAAS loan payment is due.
How to apply
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Applying for a student loan with Smart-Pig is quick and easy, simply check if you're eligible below and then fill out the five-minute application online. We don't accept applications by post or phone. If you're studying at a college or university in the UK and are in receipt of government finance in the form of a Student Loan, NHS Bursary or SAAS Award then you can apply for a quick student loan today.
APR explained
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Annual Percentage Rate, or APR for short, is the cost of borrowing for a year as a percentage. This is usually great for comparing the cost of long-term loans. However, for loans shorter than a year, the APR is isn't easy to understand or the best way to calculate the cost of your loan. To help, so we've written this article about how APR works.
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