The simple answer is NO.
Pockit LOQBOX itself is technically a ‘cash redeemable savings voucher’. But you use finance to buy the voucher. This finance element is the part that gets ‘locked’ in your digital piggy bank and is a loan provided by DDC Financial Solutions Ltd.
You then repay back the loan each month as you would normally, and at the end of the 12 months you redeem your Pockit LOQBOX (which is a ‘cash redeemable savings voucher’) to get back your savings and a better credit history.