Smart-Pig loan pricing
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. Despite the APR, our loans don’t cost thousands of percent in interest - you can read more about APR here.
Created by students, for students
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.
Smart-Pig made our first personal loans for students from a university bedroom in 2012. Any UK student with student finance, SAAS finance or any NHS bursary can apply for one of our quick, instant loans.