Quick Quid Pay Day Loans
© Quick Quid
Quick Quid have been around since 2007 and are authorised and regulated by the Financial Conduct Authority. They are a part of Enova International who have been providing loans for more than 10 years.
Quick Quid specialise in offering short term loans for short term financial need.
They Claim their USP's
Convenient loan amounts. These are up to £1000 for new customers, £1500 for existing customers.
Multiple Repayment Options
Fast Funding, cash could be with you within 10 minutes after approval.
You complete an online application form. Most applications are processed within 30 minutes and if approved, funds can be with you within 10 minutes after approval. This is dependent on your bank offering Faster Payments. If your bank does not support Faster Payments then your funds will be deposited the same day your loan is approved by 14.30 that afternoon.
A credit check is completed on you at the point of your application. These are completed by credit check agencies to help determine if you are able to repay the loan.
Repayments are made up to three different pay periods, in effect you can choose 1, 2 or 3 repayment periods. A daily interest rate of 0.8% is applied and your repayment date will always be set to your pay date. If you miss a payment you may be charged a late fee of up to £15. Payments are taken from your bank account under a process called CPA-Continuous Payment Authority.
How Much Money Can Be Borrowed?
New customers can borrow up to £1000. If you repay this successfully you can apply for loans up to £1500. You can only borrow one loan at any time.
You have to have a valid UK bank account, be employed and receiving a regular pay cheque, be a resident of the UK and at least 18 years old.
Customer support and advice is available 24/7.