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.
Services
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.
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.
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.
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.
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.
Reviews (10)
TheJodiee Xo
Nov 26, 2021
Report
I'm seeing so many negative reviews about smartpig and I do not get why. They were so quick, easy and explained to a tee the service in which they provide. I had a instant decision, and was able to get a top up knowing I was able to pay it back in parts if I wanted. People are going on the interest and making it out to be a "rip off" BUT, you must remember THIS IS NOT a long term long solution and that is why the interest starts to get high the longer you have it.
LEND RESPONSIBILY AND IN YOUR AFFORDABILITY.
LEND RESPONSIBILY AND IN YOUR AFFORDABILITY.
Aaron Gregson
Sep 29, 2021
Report
Emporor Kante
Jan 30, 2021
Report
Needed some money as I was in a tight period, however smart pig has been reliable as ever . They will work out with any issue you may encounter during your agreement especially like in covid-19 period. If you are student in need of short term borrowing, consider smart-pig as your main option as they are very understating of students struggle.
Keith
Jan 27, 2021
Report
Positive: Professionalism, Quality, Responsiveness, Value
Smart-Pig is the most reliable short-term student loans' companies I've had the pleasure of seeking help from. Their sharp responsiveness, fixed interest rates and flexible repayment plans make it 1000x simpler to get a quick leg up with finances when things come fassss lol!
Smart-Pig is the most reliable short-term student loans' companies I've had the pleasure of seeking help from. Their sharp responsiveness, fixed interest rates and flexible repayment plans make it 1000x simpler to get a quick leg up with finances when things come fassss lol!
Yasmin Caine-Eaves
Jan 12, 2021
Report
Really reliable to provide a bit of money when needed. The amount to pay back is quite high, however smart-pig allows you to pay off early (lower price due to interest). I have used smart-pig a few times whilst at University and it has really helped. They also give advice if they are concerned (e.g if using the service more than once).
Georgie Whyte
Dec 23, 2020
Report
Positive: Value
This loan service is so good for students, needing a little extra cash. The amount that you end up paying back is solely based on how long you can pay it back. I think this is great, and is so quick to go into your bank account as well as a very easy application and sign up! Definitely recommend
This loan service is so good for students, needing a little extra cash. The amount that you end up paying back is solely based on how long you can pay it back. I think this is great, and is so quick to go into your bank account as well as a very easy application and sign up! Definitely recommend
Sophie Ft
Oct 29, 2020
Report
Positive: Professionalism, Quality, Responsiveness, Value
Really helpful at those times you need to bide over just before Student Finance is paid. I've used Smart Pig several times and they have always been fast to pay the money into my account, and being able to take a loan out over the summer period without a huge increase in interest is really useful.
Really helpful at those times you need to bide over just before Student Finance is paid. I've used Smart Pig several times and they have always been fast to pay the money into my account, and being able to take a loan out over the summer period without a huge increase in interest is really useful.
Tan Tan
Oct 23, 2020
Report
Jack Secker
Jul 12, 2020
Report
Great service, very easy and fast and extremely useful for when you get into a bad money situation at uni, allowing you to get through to the next student loan payment alive and adjust your budget accordingly, you can also take out more loans after the first if necessary. All your loans are displayed in a nice UI which gives you all the information you need about repayment progress and even the option to repay early with no extra cost, they have great customer service over email too, real speedy responses. It doesn't require a guarantor or credit check, just proof of student loan payments.
The
The
Abbey Louise
Jun 27, 2020
Report
Smart-Pig have helped me to pay unexpected costs related to being a student such as equipment and bills which were more than expected to name a few. Their interest rate is incredible and they offer a partial repayment option so you can begin to start paying your loan off before the due date which I love.
