Quick Quid

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Company Information

  • Company Name:
    Quick Quid
  • Website Address:
  • FCA IP:
    673738
  • Business address:
    483 Green Lanes, London, N13 4BS
  • Phone number:
    0808 234 4558

QuickQuid provides short term instalment loans to residents of the United Kingdom. These loans can be used for any financial need that borrowers have. They offer a fast funding option that helps borrowers to make ends meet and get over the small financial burdens that we all face from time to time. With authorisation by the Financial Conduct Authority, QuickQuid can be depended on for reliable and trustworthy financial services.

APPLICATION REQUIREMENTS:

In order to be approved for a short term loan from QuickQuid, borrowers must have a UK bank account. They also need to be employed in a position that offers a regular pay cheque. Approved borrowers are UK residents, and they need to be over the age of 18.

LOAN AMOUNT AND CHARGES:

With QuickQuid, loan amounts can be up to £1000 for new customers. Borrowers working with QuickQuid for repeat loans after they have already been approved and paid off an initial loan can borrow more. Existing customers could be approved for as much as £1500. Interest charges on instalment loans offered by QuickQuid will accrue at a 0.80% daily rate. If a borrower makes a late payment, there will be a late fee of as much as £15 added on to the amount due.

PROCESS:

Borrowers interested in instalment loans from QuickQuid will need to apply online. Applying for a loan involves submitting some information detailing factors like the borrower’s date of birth, residential status, employment, and address. This application can be filled out and submitted quickly so that borrowers get a fast response. If approved, the loan money will be quickly deposited into the borrower’s bank account.

PAYMENT:

There are three different repayment options from which borrowers can choose: the 1, 2, and 3-Period loan.

With the 1-Period loan, the borrowed amount of money and the interest must be paid back on the one and only repayment date. The 2-Period loan involves a first repayment of all interest that has accrued on the first repayment date. On the second repayment date, both interest charges and the loan amount will need to be paid off. With the 3-Period loan, accrued interest will be paid off on the first repayment date. Afterwards, interest will be paid again on the second repayment date, and the full amount of the loan and interest charges will be paid off on the third repayment date.

116 Reviews of Quick Quid have been submitted - read the latest 3 below

Quick Quid instalment loans are just a better version of a payday loan and as I have to use payday loans quite a bit it makes sense for me to try and use Quick Quid instalment loans from now on. The first time I used them I made sure I was paying that first smaller repayment but keeping back a bit extra to carry over to the next month. I did this for the first 2 months and so by the time the 3rd and larger repayment was due I had more than enough money in my bank to cover it. I think if you approach a instalment loan in this way they can be a really good way to borrow money. I like using Quick Quid at the moment and would definitely recommend them.

Review posted by Jack Brownlow, Cheshunt

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

The first time I took out a payday loan I thought this is brilliant and then when it came to repaying it at the end of the month I wasn't so happy with it. I had to have a really lean month the following month because of it so I decided not to use payday loans again unless it was an absolute emergency. Then a friend mentioned that she used an instalment loan option when she borrowed money and said Quick Quid were one of the best instalment loans she had used. So the next time I needed some spare cash I tried a Quick Quid instalment loan and I really liked it. I was able to budget over the next couple of months without going without too much and those first smaller repayments were easy. By the time the last repayment was due I had sorted out my bank balance and had plenty of money to spare. I am definitely going to keep using Quick Quid instalment loans from now on as they really are a much better loan option for me.

Review posted by Janine Rathbone, Slough

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Quick Quid call this an instalment loan but for me it's just a payday loan that they've given me more time to repay. It makes sense to offer this type of loan because I know a lot of people who take out a payday loan and then have a problem repaying it in full plus the interest at the end of the month. Quick Quid instalment loans give you a couple of months to get your finances back on track before you have to make that final larger repayment. So far they've been working for me so I wouldn't think about using another lender at the moment. If it ain't broke, don't fix it!

Review posted by Pete L., Basildon

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money