About Smart-Pig


Smart-Pig lets you borrow up to £350 until your next student loan, quickly and easily. Our Grace Period, Safety Net and Ethical Pledge make us student's first choice for short-term lending as an alternative to payday loans.


We hold a Credit Licence from the Office of Fair Trading and are a member of the Consumer Credit Trade Association (CCTA).


5 Reasons to Choose


The only short term loan product designed just for students online.  It works differently to most "payday" loans because we don't rollover loans, we don't sell your details, and we don't try to make any money from defaulted accounts.

All our Student Top-Up Loans come with a unique 10-day "Grace Period" - just in case there are any problems with your student loan.

Our unique interest "Safety Net" puts a fixed cap on how much interest you can owe us. After the initial fee, you'll never owe us more this fixed percentage of what you borrowed in interest, even if something goes wrong.

Convenience. Our loans are quick, easy and flexible.  Money will be transferred to your bank account the same day.  You can manage all the details of your loans online, such as repaying a loan early or topping up to your limit.

The Ethical Pledge. Smart-Pig was founded by students at Herts and Warwick after we saw students being treated unfairly by "payday" lenders.  We honestly have your best interests at heart.  If we think a loan won't help your situation, we won't approve it.

Loans for Students

Because our loans are designed for students, the fact you don’t own a home or have a full-time job will not impact your application. We only lend small amounts because students have low incomes, and the amount you can borrow is linked to how much you are getting for your student loan, to make sure you still have plenty of money for the next term.


What Does it Cost?

A simple way of looking at the cost of our loans is that you pay a £10 fixed fee plus 0.7% of the borrowed amount per day. Loan interest is added to the balance daily and automatically stops at 50%. If your loan is not repaid after 10 days from the due date, there is a £15 administration fee. If you repay early, you will only pay interest for the days you had the loan.


The more you borrow and longer you borrow for, the smaller the transmission fee is in proportion to the total amount owed. One way of looking at the cost of this kind of loan is the Total Cost of Capital (TCC) per £100. The total cost of borrowing £100 from us for 30 days is £31, meaning a total to repay of £131. However, in this example the fixed fee makes up a third of the total charges, so still does not really reflect how much our average customer pays.


The only true way of comparing the cost of a short term loan is to decide how much you wish to borrow and for how long, and then to compare different lenders yourself by looking at the total you will have to repay.


Responsible Lending

Smart-Pig is committed to responsible lending, which is why we do our best to offer ethical rates and ethical terms. We take proof of income and make checks on your other credit obligations to make sure you can afford our loans.


Our loans are for lifestyle and emergencies and are not a long-term finance solution. They are certainly not suitable for people with high levels of personal debt or people with a long history of financial trouble. In this case having another loan to repay could make things worse.


We pledge to always keep you up to date on your loan, always be open and honest, and always see things from your side. Ultimately Smart-Pig is here to make student's lives easier.



If you're struggling, go to for free and impartial help :) is a trading style of FCL (UK) Limited. Copyright © 2013 FCL (UK) Limited. Registered in England and Wales.
Registered Number 7694453. Head Office: 7 Clarendon Place, Leamington Spa, Warwickshire, CV32 5QL