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.
