Smart-Pig Loans | www.smart-pig.com Reviews

Smart-Pig Loans

About Smart-Pig Loans

Smart-Pig was launched in early 2012 by Shreiff Benaziza and Tom Parks. This start-up was undertaken when each studied at university. It was a frustrating experience with a payday lender that would lead to the creation of their very own product. They opted to deliver this to students-only who must receive an income from NHS Bursary, SAAS or Student Finance. Going micro targeted like this would be seen as risky, yet the concept has worked very well for them with more than 50,000 students currently using the service. It is clear that they have managed to attract a very loyal fan base. This is evident from viewing Smart’s Facebook page that has attracted 31,000+ likes.

An impressive repayment range is set between 1 and 180 days. However, this term is based on your next student payment. The biggest feature of note is Smart’s own interest cap at 50% of the amount borrowed. This means that if you were to borrow £300 then the most that you’d pay is £150 that would be met on the 63rd day. Obviously, if your next payment is some time away then it is worth adding the extra time for free interest. The opportunity to settle early is always there. There are no late fees charged and they operate 7 days a week. Perhaps one gripe would be that they only lend out £350 max.

Company Details

Address: 34 Warwick House, Clarendon Street, Leamington Spa, CV32 4PG

Brand: Smart-Pig (aka: Smart Pig)

Company: FCL Consumer Finance Ltd

Contact (📧): team@smart-pig.com

Contact (☎): 0203 507 1930

FCA Licence: 671696

Launched: 2012

Niche: Payday, instalment

Opening Hours: Mon/Fri (9am-7pm), Sat/Sun (10am-6pm)

Related Brands: Non

Site Address: www.smart-pig.com

Site Rank (Alexa UK): #36,722

Product Specs

Amounts Available: £50 to £350

Late Payment Fee: £0

Login Provided: Yes

Pricing: £24 /£100 (1m) & £150 /£300 (3m) & & £150 /£300 (6m)

Repayment Terms: 1 day to 6 months

*Repayment is set against your next student payment

Review Feedback

Feefo: 94% (180+ count in 12m)

Reviews: Not listed

Trustpilot: 91% (190+ count)

Rivals & Similar Lenders Like Smart-Pig

There are no other dedicated student payday loans. There are certainly lots of great alternatives assuming that you have a job on the side. If so, then 2 such flexible alternatives of note would be PiggyBank and SafetyNet Credit. Of these, SafetyNet stands out for their overdraft protection and instant 24/7 payouts. It is longer term borrowing where the Smart-Pig loans become competitive due to their cap. They’d ask for £150 per £300 over 6 months that is only beaten by a few subprime rivals. The cheapest of which being Street UK at £166.58 per £600 (splits as £83.29). With good credit, On Stride Financial offers top tier borrowers £45.24. Finally, there are various student credit cards available depending on status.

Last Check @ www.smart-pig.com: June 10th, 2019

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