Finance Charge
- Your loan's finance charge will be between £10 to £14.75 per £50 borrowed per pay period
- You may choose to repay your loan over
1 or 2 pay periods - New customers can get up to £400,† existing customers can get up to £1500†
To determine your finance charge, QuickQuid uses 3 rate tiers: Excellent, Good or Average. The tier that you qualify for is determined by QuickQuid (at its absolute discretion) through various factors including, but not limited to, your credit history, employment history and loan repayment history.
Existing customers can improve their tier once they have built their loan repayment history with us. See the tables below for examples of these tiers.
One-Period Loan
The loan is repaid after 1 pay period. The finance charge and the full loan principal is due on your next pay date.
| Rate Tier |
Loan Amount | Finance Charge1 | Total Amount to be Paid to QuickQuid | APR2 |
|---|---|---|---|---|
| Excellent | £50.00 | £10.00 | £60.00 | 819.12% |
| Good | £50.00 | £12.50 | £62.50 | 1410.33% |
| Average | £50.00 | £14.75 | £64.75 | 2222.46% |
You can elect to pre-pay your loan and only owe us the finance charges till the date of prepayment.
Two-Period Loan
The loan is repaid over 2 pay periods. A finance charge is due on your next pay date. A finance charge and the full loan principal is due on your following pay date.
| Rate Tier |
Loan Amount | Finance Charge1 | Due Next Pay Date | Due Following Pay Date | Total Amount to be Paid to QuickQuid | APR2 |
|---|---|---|---|---|---|---|
| Excellent | £50.00 | £10.00 | £10.00 | £60.00 | £70.00 | 819.12% |
| Good | £50.00 | £12.50 | £12.50 | £62.50 | £75.00 | 1410.33% |
| Average | £50.00 | £14.75 | £14.75 | £64.75 | £79.50 | 2222.46% |
You can elect to pre-pay your loan and only owe us the finance charges till the date of prepayment.
1Listed finance charges include any applicable taxes and bank delivery charges. Note that we may update the finance charges on our website from time to time. The finance charge that applies to you will be set out in your loan agreement and will apply for the term of your loan agreement.
2Based on a 30-day period loan term.
Extensions
If you have a one-period loan, you may extend your loan a maximum of five times by logging into your personal account and selecting the "Request An Extension" link or by calling our Customer Service team. By making this selection, the principal of you existing loan will be 'rolled over' into a new loan due on your next pay date. If you have a two-period loan, you may extend your loan a maximum of four times. Extensions, partial payment and early payoff requests must be received by 17:00, at least three working days prior to your due date. For more information on extensions, click here to visit our FAQ page.
Governing Law
The loan agreement will be governed by the Consumer Credit Act of 1974 and all other applicable United Kingdom laws.








