QuidMarket Loans
Short term loans between £300 and £1,500. No hidden fees, flexible repayment (3–6 months), and rapid payout. Suitable for new and returning UK customers.
QuidMarket Loans presents an accessible short-term lending solution for UK residents. Offering amounts from £300 for new customers up to £1,500 for returning applicants, these loans come with flexible terms of 3 to 6 months. The representative APR is 1298.9%, with a fixed annual interest rate of 292%. There are no hidden fees or late payment charges, which makes the process transparent for all.
Step-by-Step Application Process
- Choose your preferred loan amount and repayment period
- Complete a simple online application with personal and financial details
- Undergo affordability and credit checks conducted by real professionals
- Receive a fast decision (often within two hours during business times)
- If approved, get funds transferred to your account the same day
Advantages
QuidMarket stands out for its transparent fee structure and the option for same-day cash transfer. Flexible repayment terms help borrowers tailor monthly payments to their situation, enhancing affordability.
Another highlight is their willingness to consider applicants with lower credit scores. Each case is manually reviewed, focusing on current affordability rather than automated credit rejections.
Disadvantages
Interest rates are notably high even among short-term lenders, so careful budgeting is required. As with all lending, responsible borrowing is a must—especially considering the high representative APR detailed in their terms.
Moreover, the maximum amount for new customers is limited to £1,000, which may not fulfill every financial need. Returning customers may access more but only after repaying a previous loan on time.
Our Verdict
QuidMarket Loans delivers on speed, transparency, and convenience for those needing a small, short-term cash boost. The platform’s focus on flexible repayments and manual affordability checks is genuinely supportive. However, take care with the high interest rates and ensure repayment is manageable within your budget. As a regulated UK lender with positive customer reviews, QuidMarket could be a solid choice for straightforward, short-term borrowing.