We're focused on transparency so you know exactly where you stand at all times.
Your loan amount and accrued interest are due on your repayment date.
Your accrued interest is due on your first repayment date, and your loan amount and additional accrued interest are due on your second repayment date.
Your accrued interest is due on your first and second repayment date, and your loan amount and additional accrued interest are due on your third repayment date.
QuickQuid charges a daily interest rate of 0.80% 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 our minimum 27-day loan term restriction.
View the chart below for an example of what a 1-, 2- or 3-period loan may cost.
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.
|Loan Periods||Loan Amount||Daily Interest Rate||Due Next Repayment Date||Due 2nd Repayment Date||Due 3rd Repayment Date||Total Amount Paid|
Based on the customer being paid monthly
Pay periods are 30 days
Customer makes on-time repayment
Try to make your payments on time to avoid the following:
We understand that things happen. If you know you won't be able to make an upcoming payment, contact us immediately so we can do our best to set up a payment plan that works best for you.
For more information on QuickQuid short-terms loans and how they work, visit our How It Works page.