Home Money Pug Loan Review 2021 – Comprehensive Comparison Site

Pet puppy with Money Pug tagHard financial times fall on the best of us and Money Pug seeks to provide services to rescue you out of such situations.

But before you jump aboard and sign up for the service, how well do you understand how it works?

We have undertaken a thorough analysis of the platform to help you get better acquainted with its features.

By the time you finish reading this review, you will be in a position to decide whether or not they are the service providers for you.

In This Guide

Try Our Recommended UK Payday Loan Provider 2020:

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What is Money Pug?

Money Pug is a one-stop-shop that allows you to compare among other things, the best payday loans from multiple lenders.

They acknowledge that borrowing money can be stressful and scary. And for this reason, they have collated the best deals for you to compare so as to take the hassle out of the process.

Money Pug is a trading name of Money Pug Ltd. which is registered in England with a registered address at Ainsworth St, Blackburn.

The service provider falls into the category of credit brokers for consumer credit and is not a direct lender. It is authorized and regulated by the Financial Conduct Authority (FCA).

They derive their name from the determined, loyal canines that go by the same name, highlighting their dedication to make life easier for you.

Money Pug is a connecting service that allows you to compare and access services from a variety of lenders in the UK. It does not charge for its connecting service but gets a commission from the lender for a successful introduction. The eligibility criteria for lenders hoping to get onboard are quite high ensuring top quality service.

Pros and Cons of a Money Pug Loan


  • Comprehensive comparison site allows you to get the best loan deal tailor-made for your needs
  • Offers top quality services by thoroughly assessing lenders before listing
  • Is regulated by the FCA
  • Has a great reputation online
  • Does not charge for the service
  • Offers a wide range of loan options with flexible terms
  • It’s highly likely to get a lender on the platform as it lists a lot of options with varying terms and eligibility requirements


  • Offers great comparison services but is not a lender

How does a Money Pug loan work?

Money Pug stands out from your everyday lender in that it is not a lender, but a credit broker service platform. The website offers a completely free comparison platform for tons of services and features a clean design that makes it easy to find what you seek.

From this platform, you can borrow any amount between £100 and £2,000. The loan terms are highly flexible, ranging from 1 month to over 2 years. This flexibility highlights the wide range of options that are available on the platform.

Under payday loans, the very first thing that will meet your eyes is an application form. On this form, you can fill out your details and the site will help you find the ideal lender to help meet your financial needs.

Multiple lenders

Below the form, you will get a list of multiple payday lenders in the UK. Under the name of each lender, you get access to such details as their maximum loan amounts, the loan terms and the representative APR. Below this, you will get a representative example illustrating the repayment details of a typical loan from the platform in question.

Screengrab of Money PUG home page

It lists a good number of the top payday loan providers offering a wide array of terms to suit different applicants’ needs.

Interestingly, they highlight the fact that payday loans are a risky form of credit. But they also point out that when you have no option, they come in handy as a last resort. Their role in such situations is to “help you to pick the best of a bad bunch.”

They assist you to get awareness of what you are getting yourself into when you sign up for a payday loan. At the same time, they help to ensure that you get the best loan possible to suit your needs.


In order to help you get the cheapest payday loan possible, they offer an easy opportunity to make a comparison. Their range of lenders offers amounts from £50 to about £2,500. While you can pay the loan off as a lump sum, as is typical of payday loans, you could also opt for an installment option.

Most of the payday loans that allow for repayment in installments offer terms lasting a few months.

Comparing lenders

The platform includes all payday loan providers who are on the Money Pug panel of providers. These are usually directly regulated and authorized by the Financial Conduct Authority. And those that are not directly regulated are partnered with a company that is.

Therefore, not all lenders in the UK feature on the comparison list. Some choose not to list their services on comparison sites such as this one. And others fail to meet the strict criteria that the site uses to select its partners.

Getting a loan through this platform basically allows you to see exactly how much you can borrow, how long you will be able to repay and how much interest you will need to pay. All of these details are accessible on a single page, making it easier and less stressful to access credit facilities than it normally is.

Comparing lending services on the platform is as easy as entering the details of what you want by filling in the application form. Once you are done, the site’s search engine will show results that are ideally suited to your needs.

Selecting a lender

Simply take some time to analyze the list of tailored offerings and at a glance, you can tell how much you will be able to save and what deals are available to suit your requirements.

From there, you can select the most suitable option and let the platform set you up with your lender of choice. In many cases, you can access funds on the same day or by the next business day. The timing will depend on when you made your application, the lender’s terms and your bank’s support (or lack thereof) for fast payment processing.

Money Pug makes money, not from loan applicants, but from the lenders included on their comparison list. Anytime they successfully connect a customer to a lender, they receive a commission, at no expense to you.

When you borrow funds through the site, you might need to submit to a credit check. Some of the lenders on the platform require such checks to confirm creditworthiness before approving your application. A record of such a search will reflect on your credit report and will have an impact on your rating.

What other store services does Money Pug offer?

Money Pug is a comprehensive comparison platform supporting a wide array of services. Below are some of the other services which you can compare on the site:

  • Insurance services including car, travel, pet, home and life insurance
  • Mobile phones
  • Cheap holidays
  • Prepaid cards
  • Broadband deals
  • Mortgages
  • Energy

Money Pug Account Creation and Borrowing Process

Getting started with Money Pug is a simple and seamless process. In fact, the homepage contains everything you need to get started.

To create an account on the platform, simply visit the website and on the homepage, you will find an online application form which you need to fill out.

1. Start by entering your loan details, which include the loan amount, duration and loan purpose.

Money PUG registration page capturing basic information

2. Next, you will need to enter your personal details including name, marital status, phone number, email address, date of birth and number of dependents.

3. After that, the next item on the form is your address details.

These include the postcode, house number, residential status and number of years at the address.

4. You will also need to provide details about your income including your payment type, income frequency, monthly income, pay dates, employment status, name and industry.

Money PUG tregistration capturing income details

Fill in the number of years you have spent with the employer, your position and your NI number to complete the section.

5. Next, fill in your outgoing expenses as well as your bank details which include your bank card type, account number and sort code.

6. Finally, submit the details by clicking the “Apply” button.

In response to this, you will get a list of the lenders who are capable of meeting your needs and the opportunity to connect with them after comparing their services.

It’s essential to be cautious during the sign up process for these products. This is because you can end up owing two to three times what you borrow on the longer-term loans, and many have difficulty repaying the short-term loans without reborrowing.

Eligibility Criteria for Money Pug Loan

It is easy to qualify for a loan on the Money Pug platform. This is because there are lots of lenders offering their services, making it easy to find one who finds you eligible. But in addition to the eligibility requirements of these lenders, there are some basic requirements you need to meet. These include:

  • Be at least 18 years or older
  • Be a permanent, legal UK resident
  • Have a bank account
  • Have a regular source of income
  • Have an email address
  • Have a mobile phone

Information Borrowers Need to Provide to Get Money Pug Loan

When applying for comparison services on Money Pug, you will be required to provide the following information:

  • Name
  • Phone number
  • Email address
  • Residential status
  • Years at residence
  • Postcode
  • Employment information
  • Income details
  • Monthly expenses
  • Bank account details

Money Pug Customer Support

From a total of 714 reviews, Money Pug gets an 86% ‘Excellent’ rating while 11% of its users think it’s great. Looking at the customers’ comments, everything about it, including customer support gets a high rating.

You may want to keep in mind though that they will not be your lender. Therefore, take time to find out the rating of the customer support of the lender you end up borrowing from.

Is it safe to borrow from Money Pug?

Due to the sensitive nature of the data that the site handles, this provider takes security very seriously. To begin with, it is registered with the FCA and to take matters further, it only works with FCA-registered lending platforms.

By virtue of the fact that it has to share user data with third party loan providers, it has to ensure the safety of such information. To this end, it undertakes a strict assessment process before accepting any provider onto the platform.

The site also makes use of SSL security certificates to protect user data and they adhere to the voluntary Ofgem Confidence Code.

Money Pug Review Verdict

Though Money Pug is not a lender, it does a great job at helping you access funding from a suitable lender. Unlike other brokerage services that work from the lender’s perspective, this one places the customer first.

As such, instead of having various lenders assess your eligibility and choose whether or not to give you an offer, it lets you assess lenders and choose the best one.

By filling in the application form, you give them the necessary data to find you a range of good fits and then make your pick.

The only disadvantage to it is that you may not know any of these lenders well and you will need time to compare them before making a choice.

But as far as brokerage services go, this is a great choice with a unique approach.

Try Our Recommended UK Payday Loan Provider 2020:

  • Get an Instant Quote
  • Apply within 2 Minutes
  • Friendly Support Service
  • FCA Regulated
*Subject to lender requirements and approval.

Glossary of loaning terms

Loans Glossary
Credit Score

A credit score shows your creditworthiness. It's primarily based on how much money you owe to loan or credit card companies, if you have ever missed payments or if you have ever defaulted on a loan.

Loans Glossary
Guaranteed Approval

Guaranteed Approval is when, no matter how bad, your credit score its, your loan application will not get declined.

Loans Glossary
Credit Limit

A Credit Limit is the highest amont of credit a lender will lend to the borrower.

Loans Glossary

Collateral is when you put up an item against your loan such as your house or car. These can be repossessed if you miss payments.

Loans Glossary
Cash Advance

A Cash Advance is a short-term loan that has steep interest rates and fees.

Loans Glossary
Credit Rating

Your Credit Rating is how likely you are to fulfill your loan payments and how risky you are as a borrower.

Stocks Glossary
Fixed Interest Rate

Fixed Interest Rate is when the interest rate of your loan will not change over the period you are paying off you loan.

Stocks Glossary

The Interest is a percentage based on the amount of your loan that you pay back to the lender for using their money

Loans Glossary

If you default on your loan it means you are unable to keep up with your payments and no longer pay back your loan.

Loans Glossary
Late Fee

If you miss a payment the lender will charge you for being late, this is known as a late fee.

Loans Glossary
Unsecured Personal Loan

An Unsecured Personal Loan is when you have a loan based solely on your creditworthliness without using collateral.

Loans Glossary
Secured Loan

A Secured Loan is when you put collateral such as your house or car up against the amount you're borrowing.

Loans Glossary
Prime Rate

This is the Interest Rate used by banks for borrowers with good credit scores.

Loans Glossary

The Principal amount the borrower owes the lender, not including any interest or fees.

Stocks Glossary
Variable Rate

A Variable Rate is when the interest rate of you loan will change with inflation. Sometimes this will lower your interest rate, but other times it will increase.

Loans Glossary
Installment Loan

An Installment Loan is a loan that is paid back bi-weekly or monthly over the period in which the loan is borrowed for.

Loans Glossary
Bridge Loan

A Bridge Loan is a short term loand that can last from 2 weeks up to 3 years dependant on lender.

Loans Glossary
AAA Credit

Having an AAA Credit Rating is the highest rating you can have.

Loans Glossary

A Guarantor co-signs on a loan stating the borrower is able to make the payments, but if they miss any or default the Guarantor will have to pay.

Stocks Glossary

LIBOR is the London Inter-Bank Offered Rate which is the benchmarker for the interest rates in London. It is an average of the estimates interest rates given by different banks based on what they feel would be the best interest rate for future loans.

Loans Glossary
Home Equity Loans

Home Equity Loans is where you borrow the equity from your property and pay it back with interest and fees over an agreed time period with the lender.

Loans Glossary
Debt Consolidation

Debt Consolidation is when you take out one loans to pay off all others. This leads to one monthly payment, usually with a lower interest rate.

Loans Glossary
Student Loan

If you obtain a Student Loan to pay your way through College then you loan is held with the Department for Education U.K.

Loans Glossary
Student Grants

Financial Aid in the form of grants is funding available to post-secondary education students throughout the United Kingdom and you are not required to pay grant


How do I save money by using Money Pug?

How does the platform select the companies on its list?

Does the site favor some lenders above others?

Does applying through the platform affect my credit?

Do I have to have a bank account to qualify for a loan here?

What loan products does Money Pug offer?

UK Payday Loan Reviews- A-Z Directory



Nica specializes in financial technology and cryptocurrency. At her young age, she was already able to work with a Y Combinator-backed startup and another startup founded by Harvard graduates.

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