QuickQuid Short-Term Loan
Borrow up to £1,500 as a new customer or £2,000 if returning. Flexible repayment from 1 to 24 months. Fast funding, even for those with poor credit.
QuickQuid has made a comeback in the UK, now offering quick and flexible short-term loans for those needing immediate cash. New applicants can borrow up to £1,500, while returning customers can access up to £2,000. Their repayment period ranges from one to twenty-four months. The interest rate sits at 47.5% per annum fixed, and APRs range from 9.3% to 102.5%. Exact rates depend on your status and eligibility.
How to Apply: Quick Steps
First, fill in the simple online application with personal and employment details. Next, QuickQuid will review your information and usually provide a decision within minutes. If approved, the cash is typically sent to your bank account within 10 minutes, letting you handle emergencies promptly.
Key Pros of QuickQuid
One standout benefit is the soft credit check, which means checking eligibility won’t affect your credit score. The process is also very fast: apply and get funds in as little as 10 minutes if approved. Flexible amounts and terms mean you can tailor the offer to your needs.
Notable Cons
QuickQuid isn’t currently lending directly—it’s an intermediary, so you may be connected with other lenders. Interest rates, while capped, are higher than bank loans or traditional credit. Short-term loans can be expensive if not repaid quickly.
Verdict: Should You Try QuickQuid?
If you need funds urgently and don’t qualify for mainstream credit, QuickQuid is a solid choice, particularly with its fast process and flexible terms. However, always ensure you can comfortably repay before committing.