Let's Explore the Rates & Terms
We're focused on transparency so you know exactly where you stand at all times.
Credit intermediary not a lender. Representative Example: Amount of credit: £1000 for 11 months at £102.22 per month. Total repayment of £1226.64. Interest: £226.64 Interest rate: 47.5% pa (fixed). APR rates range from 9.3% APR to 102.5%.
Understanding Your Short-Term Loan Rates
Loan Amount = £1000
Loan Period = 12 Months
Amount Borrowed - £1000
12 Monthly Repayments - £102.22
Total Repayment - £1226.64
Total Interest Charged - £226.64
All of the lenders available through QuickQuid charge a daily interest rate of 0.80% (or less) on your outstanding principal. Your repayment dates will always be set to your pay dates. You may not be eligible to apply for each period option given your pay date frequency and some lenders minimum 27-day loan term restriction.
Short-term loans should only be used for short-term financial needs and are not appropriate for long-term borrowing, or if you are in financial difficulty.
What If I Miss a Payment?
Try to make your payments on time to avoid the following:
- A Late Fee of up to £15.
- Interest will continue to accrue on the outstanding principal at the same rate as your contractual interest rate, starting the next calendar day after your repayment date.
- Negative markers placed on your credit record.
Lenders do genuinely understand that things happen. If you know you won't be able to make an upcoming payment, contact them immediately so they can do our best to set up a payment plan that works best for you.
For more information on QuickQuid short-term loans and how they work, visit our How It Works page.
Short-Term Loan Amount
(£2000† for returning customers).
Short-Term Loan Length
between 1 and 12 months
Short-Term Loan Interest
0.8% per day