QuickQuid are an instalment loan lender offering loans of up to £1,000 for new customers and up to £1,500 for returning customers. Loans are repaid over a period of between 1 and 3 months. A London-based company, QuickQuid has become one of the most trusted names in online lending.
What Is The Criteria For A Loan With Quick Quid?
To be eligible for a loan with QuickQuid, you must be aged 18 years or over, living in the UK with a valid bank account and in employment. When applying for a loan with QuickQuid, you must be able to provide full details of your employer, your bank account information and details of your outgoings and expenses. In certain circumstances QuickQuid may request further information during your application.
How Do Repayments Work With QuickQuid?
Loans with QuickQuid are repaid over 1, 2 or 3 repayment periods. The last payment includes the principle borrowed and is larger than previous payments. The payments must be made on the dates agreed on the loan agreement, which is usually your salary pay date. QuickQuid allow you to repay your loan off early with no extra cost.
Here is a representative example of a loan from QuickQuid: Amount of credit: £100 for 30 days. One total repayment of £124.00. Interest: £24.00. Interest rate: 292% pa (fixed). 1270% APR Representative.
The repayments will automatically be collected from your account on the date agreed via continuous payment authority, which means that once your debit card is tokenised, the lender can collect their repayment from your account automatically so you don’t have to worry about making the payment yourself manually.
Telephone Number: 0800 056 1515
FCA Registration Number: 603395
Data Protection Licence Number: Z9919587
Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk.