QuickQuid
Borrow up to £1500 as a new customer with transparent costs and a fast approval process—decision in seconds and funds sent typically within 10 minutes.
QuickQuid, a familiar name for short-term lending in the UK, is back after its November 2023 relaunch. Now partnering as a credit intermediary, QuickQuid offers short-term loans up to £1500 for new customers, or £2000 for repeat users. The interest rate is fixed at 47.5% pa for representative cases, with total repayable sums clearly shown upfront for complete transparency.
The application process is entirely online and straightforward. Most applicants receive an instant decision within 100 seconds, reducing the uncertainty and wait. Loans, if approved, typically reach your bank account within 10 minutes, so you get fast access to funds when they matter most.
How to Apply: Step by Step
First, fill out the application form online, providing personal and employment details. QuickQuid then conducts a soft credit check—meaning it won’t impact your credit score at this stage. Once eligibility and affordability are confirmed, you will receive a quick decision. If accepted, funds are usually transferred to your bank account within minutes.
Key Pros of QuickQuid
The application process is fast and user-friendly, with a soft credit check that won’t leave marks on your credit record. Furthermore, all costs and repayment details are transparent from the start, ensuring no hidden surprises.
You also get multiple repayment options depending on your loan size, ranging from 1 to 24 months, providing flexibility based on your needs.
Key Cons of QuickQuid
Short-term loans generally come with higher costs than alternatives; rates can reach up to 0.8% per day. This makes them less suitable for non-urgent or long-term borrowing.
Additionally, at present QuickQuid is an intermediary, not a direct lender, so approval decisions rest with their direct lending partners.
Final Verdict
QuickQuid stands out with its fast, transparent application process and flexible repayment options. It is a suitable choice for those in need of urgent, short-term financial help, especially if you value a trustworthy brand with a user-friendly approach. However, given the high cost, it’s best reserved for true short-term needs and emergencies, rather than ongoing borrowing.