Is LoanPig App Legit or Scam? Reviews, Contact Details, Interest Rate, Eligibility

The demand for payday loans is expanding every day, and most people rely on them since they provide a faster solution to a short-term money problem.


If you need money for an emergency, such as when your car breaks down or your toilet has to be repaired, a payday loan can provide you with an injection of cash that can help you handle your situation.

We are currently experiencing one of the most severe economic downturns in history. Of course, there are many cash-strapped people looking for extra money.

When you run out of money, who do you turn to? According to a published study, “about 57 million UK citizens do not have emergency savings,” which is why majority of them seek loans from great lenders like LoanPig.

What exactly is LoanPig?

LoanPig, which was founded in 2016 in Manchester, England, is a registered trading name of The Money Hive Limited. The Financial Conduct Authority authorises and regulates it.

LoanPig is a direct lender and broker committed to provide clients with access to one of the UK’s leading panel of lenders in order to discover the best loan deal possible.


LoanPig claims to specialise in a variety of fields, including finance, loans, short-term loans, rapid cash, and payday loans.

LoanPig provides access to some of the best short-term payday loan lenders in the UK. LoanPig provides its consumers with a well-organized, simple, and quick application method by running a matching service that connects borrowers to lenders in the UK, allowing borrowers to effectively apply for various sorts of short-term loans.

Pros and Cons of Pig Loan


  • Accepts credit histories of all kinds
    Has a high online acceptance rate of 100%
    The FCA has given its approval.
    Works as both a direct lender and a lending broker.
    Provides competitive APR rates with reasonable repayment terms


  • Only UK citizens are eligible.
    Borrowers must be at least 18 years old.
    Borrowers must be employed to qualify.
    Borrowers can only borrow up to £1500.

What is the process of obtaining a LoanPig loan?

LoanPig is one of the most simple, straightforward, and 100% online solutions for UK citizens to obtain an affordable short-term loan. It has been assisting borrowers in managing their short-term financial needs.


When you join up for LoanPig, you will be forced to use their online loan calculator to select your desired loan amount as well as the loan terms. Furthermore, it immediately displays a calculated repayment depending on its lender board. Its application process is as quick and easy as ABC.


Loan eligibility requirements

On the loanpig loan application form, applicants must give personal information, income, loan amount and loan terms, costs, and bank account information. These will be forwarded to the platform’s board, which includes some of the UK’s leading short-term lenders. As soon as borrowers submit their applications, LoanPig does a credit check on their documents.

It also records their credit scores instantly after submitting the application to their board of lenders. Following that, an announcement will be made instantly online, and the applicant will be led to the moneylender’s website to get the loan and electronically sign the required documents.

PEOPLE LOVE READING;  Is Rockshield Loan App Legit Or Scam? | How To Borrow Money From Rockshield Loan App 2023


Processing on the same day

Assuming you submit your application before 3 p.m. Monday through Friday, you may receive your loan the same day. However, if you submit your request after 3 p.m., you may not receive your loan until the next available workday. In most circumstances, the speed of the payout varies depending on the lender.


The date the borrower is needed to pay back is mostly determined by when he or she obtained the loan, as well as the terms and circumstances agreed upon throughout the application process. Unlike most other platforms, LoanPig allows borrowers to repay their loan in whole or in part.

Is CashFloat Loan App Legit or Scam? Reviews, Contact Details, Interest Rate, Eligibility

What types of loans does LoanPig provide?

LoanPig provides a variety of lending products, including:

Loan for Individuals

The personal loan, as the name suggests, is intended for persons who need to borrow between £1,000 and £20,000 for personal reasons. A personal loan, in general, does not have any restrictions. Accordingly, if one is accepted, he or she may choose to spend the money on anything. Among the most popular reasons for obtaining a personal loan are the purchase of a new car, the renovation or expansion of one’s home, or the payment of a large expense. Personal loans are typically not secured. This means that an applicant is not required to offer any type of security for the loan, such as a house or car. Personal loan interest rates often range between 3% and 20%-30%, depending on the borrower’s circumstances and credit score.

The Guaranteed Loan

This form of loan product requires the borrower to supply collateral, such as a car or a house. This means that if the borrower refuses to pay back for whatever reason, the moneylender can seize the collateral. A secured loan allows the borrower to borrow substantially larger sums, ranging from £3,000 to £100,000. Secured loans often have lower interest rates, ranging from 5% to 10%. Borrowers have an unusually long period to return their debt. Because the amounts are substantially bigger, obtaining a secured loan is riskier.

The Cash Advance

LoanPig is a well-known and trustworthy provider of payday loan products that are utilised by a large number of consumers on a daily basis. All you have to do with LoanPig is enter the amount you want to borrow and the length of time you want to borrow it for. After completely completing the application form, click the submit button to proceed. Because the platform, particularly its payday loan product, has a high approval rate, the odds of being accepted are relatively high.

Loan for Debt Consolidation

Individuals with many debts from various lenders frequently use this form of borrowing. The majority of consumers utilise debt consolidation loans to pay off their loans and consolidate all other obligations with a single provider. Although it is a popular method of debt management, experts believe that ‘it is not without its drawbacks,’ because an individual may be able to pay less down monthly. However, when interest payments and the length of time that debt consolidation loans are considered, an individual may wind up paying more.

PEOPLE LOVE READING;  How To Get Fido Loan Without The App

The Loan for Bad Credit

Interestingly, a negative credit loan is specifically developed for people who have a bad credit score or do not have the needed credit score. This could be your ideal match, especially if you are looking for a traditional form of loan from a traditional lender or bank. However, you will end up paying a higher interest rate because the lender believes you will most likely fail to meet your repayment obligations.

Is Dot Dot Loan App Legit or Scam? Reviews, Contact Details, Interest Rate, Eligibility

Guaranteed Loan

LonePig’s lending product is specifically created for folks who have bad credit. The borrower will be asked to bring a guarantor (someone who will be held liable if the borrower fails to repay). The guarantor can be a parent, a close personal acquaintance, or a family member. The interest rates on guarantor are quite expensive, averaging approximately 40%.

Borrowing and Account Creation on LoanPig

Creating an account and borrowing a loan from LonePig for the first time is a simple process.

1. Go to the company’s official website,, and click the “Apply Now” button.
2. Enter your contact details.
The loan amount, number of months, loan purpose, your title, first and last name, date of birth, marital status, number of dependents, email, home phone number, and mobile phone number will all be required.

Your home address and zip code will also be required.

3. Enter your income information.
These include your revenue source, frequency of income, next pay day, and following pay date.

4. Enter your total monthly income, rent/mortgage, food costs, utility bills, and transportation costs next.
You will also be asked to declare whether or not you have a guarantor.

5. Finally, you must enter your banking information.
Your bank’s name, debit card type, bank sort code, and bank account number are among these. You will also be asked whether your account permits direct payments.

Before submitting your application form, take your time and read the platform’s terms, conditions, and privacy policy.

It is critical to exercise caution while signing up for these items. This is because you can wind up owing two to three times the amount borrowed on longer-term loans, and many people struggle to repay short-term loans without reborrowing.

Is Draughty Loan App Legit or Scam? Reviews, Contact Details, Interest Rate, Eligibility

Loan Eligibility CriteriaPig Loan

To be eligible for a loan through this platform, applicants must:

  • You must be at least 18 years old.
    You must be a UK citizen or permanent resident.
    Get a job and
    Meet any additional affordability and credit checks that the platform or lenders may require.
    Information Borrowers Must Provide in Order to Receive a LoanPig Loan

When applying for a loan through the platform, you will be needed to fill out a brief and simple online application form that includes information such as:

  • Name and birthdate
    Email address Telephone number
    Residential details
    Postcode time at address
    Preference for contact
    Work specifics
PEOPLE LOVE READING;  Is Meno Loan App Legit Or Scam? | How To Borrow Money From Meno Loan App 2023

Is Everyday Loan App Legit or Scam? Reviews, Contact Details, Interest Rate, Eligibility


Is LoanPig App Legit or Scam?

LoanPig App is Legit and not a Scam. However, you may need to carefully look at the pros and cons before you apply for loan.

What are the loan borrowing charges with LoanPig?

Unlike most other platforms, LoanPig interest rates vary depending on a number of parameters, including the amount you want to borrow, the length of time you want to borrow it for, and your financial history.

However, the smallest amount you may borrow through the platform is £50.00 for one month, with an interest rate of £12.17. If you borrow £50.00, your monthly or total repayable amount will be £62.17.

LoanPig Customer Service

On their platform, there is limited information on the LoanPig personnel support team. Client reviews on the Better Business Bureau, on the other hand, have been mainly good. As a result, it is reasonable to infer that the platform’s people support staff appears trustworthy and friendly.

Is borrowing through LoanPig risky?

Borrowing from LoanPig is risk-free because it is an FCA-regulated organisation. Its systems have also been tested and secured. The personal information you supply when submitting your loan application will also be kept strictly confidential.

Is Ferratum Loan App Legit or Scam? Reviews, Contact Details, Interest Rate, Eligibility

LoanPig Review Conclusion

LoanPig is a well-known lender for UK citizens because to its exceptional services. It has a high acceptance rate because it operates as a direct lender and broker, which distinguishes it from its competitors.

Its application process is likewise simple and straightforward, which means that loans are approved and funded quickly.


Why does LoanPig require my social security number and banking information?

LoanPig requires your banking information, as well as your social security number, to determine whether you are eligible for the type of loan you are looking for.

How much money can I get from LoanPig?

LoanPig provides its customers with a variety of loan options ranging from £50 to £1500.

Can I still get a loan despite my poor credit?

Yes. You are still eligible for a loan.

How can I contact the customer service team?

You can contact the LoanPig support service by phone or through its contact page. You may also contact them by filling out an email form on their website.

Do LoanPig provide payday loans for people with weak credit?

Yes! LoanPig is a web-based lender that provides payday loans for those with terrible credit. The platform ensures that the loan is suitable for your circumstances. Furthermore, it ensures that you will have enough money to repay the loan and will not be in a worse situation than before.

What countries are eligible for LoanPig loans?

LoanPig provides services throughout the United Kingdom.

Is Lending Stream App Legit or Scam? Reviews, Contact Details, Interest Rate, Eligibility

Does LonePig provide any additional retail services?

This platform does not provide any other services.

About Samuel 637 Articles
Samuel is an SEO technician and Content developer with over 5 years of work experience. He is known for his love and passion for helping others achieve their financial goals and dreams. This lead to the birth of Finwealthonline. His love for many has to lead him to help thousands of students seeking financial loan advices, app reviews with the right information. Samuel being the CEO and founder of Finwealthonline will continue his good work on helping people with the right information that will lead to achieving their financial dreams and goals.

Be the first to comment

Leave a Reply

Your email address will not be published.