Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Representative Example: Amount of credit: £300 for 74 days with one repayment of £88.80 and one repayment of £388.80. Interest: £177.60. Interest rate: 292% pa (fixed). 1295.5% APR Representative.
What's the difference between a “loan” and an “online loan?”
You wouldn’t be alone in assuming that a “loan” and an “online loan” are two completely different kind of loans. However, the difference between the two lies in how and where a customer applies for one.
Online loans are loans that people can apply for online. There are many lending companies that offer loans only online, just like QuickQuid, as the online application process makes it simple for customers to check eligibility. All you need is an internet connection and a computer or mobile device to fill out an application. These kinds of online lenders often don’t have a physical location that you can visit to apply for a loan — the only place to apply is online.
This is opposed to other financial lenders, like banks, that require you to physically visit their location in order to apply. Because of that, a loan from a bank would be considered a typical “loan” and not an “online loan.” This is not to say that all lenders who have physical stores can't offer online loans — they can — but the loans they offer online could then be considered “online loans” as well.
Does QuickQuid offer online loans in the UK?
QuickQuid is a dedicated online lender that offers short-term online loans for UK residents. We offer loan amounts anywhere from £50 – £1000† that you can easily apply for online, either from your computer or your mobile. You don't have to go through the hassle of making your way to an actual location to apply!
Our online loans with monthly payments — over 1, 2 or 3 repayment periods — give you the flexibility to pick the one that best matches your current financial situation. We also understand that people don’t have time to wait around for funds! It’s why if you're approved, you could get the funds in your bank account within 10 minutes.§
Why get an online loan from QuickQuid?
There are many other online lenders out there, but you can rest assured that with QuickQuid, you can get a quality loan.
In business for over ten years, we've helped more than 1.4 million UK residents get access to the funds they need. This experience has helped us to tailor our loans to our customers' most pressing needs, like ease of application and fast funding. Financial emergencies, like car repairs, aren't conducive to taking out a traditional loan from somewhere like a bank. The lengthy application and often longer funding period — when compared to our online short-term loan — can leave you in the lurch for some time.
That's why we've made it simple to apply anytime, anywhere for a QuickQuid loan. We also have a dedicated customer support team that's available seven days a week to answer any questions, whether it’s by email, live chat or phone!