Understanding Short-Term Loans
Many kinds of short-term loans are on the market. “Short-term” just means that the loan is designed to be repaid quickly or in a short amount of time. Bank loans have terms that normally include repayment plans lasting months or years, and applications for those loans are more detailed. Some companies even offer products called text loans. But it's easier to apply for unsecured loans online than having to leave your home and apply for a loan at a bank. These loans normally have a principal of £1500 or less,† and they’re unique in that they are typically repaid when you receive your next paycheque. They’re engineered for those tight spots that life sometimes puts us in when we need a small sum of money quickly.
Short Term Loans in an Emergency Situation
Often during those times, a short-term loan is a convenient solution. There are moments in nearly everyone’s life when an expense suddenly comes up, and payday is far away. It might be that a family emergency has come up and you need to cover travel costs. Or perhaps a loved one has an unexpected expense of their own, and you’re the only person who can help. Maybe you’ve got an auto repair that needs to be taken care of now, or you need to replace a home appliance as soon as possible. Whatever the need for funds is, when it’s urgent and you can’t wait until payday, a short-term loan can help, if approved.
QuickQuid’s payday loans, if approved, are a trusted way to get the funds you need without the hassle of long, involved application processes or the wait for credit card loans from a bank. If your application is approved, your loan can be deposited into your bank account within 10 minutes after approval.§ In the privacy and comfort of your own home, you can apply online whenever you need a loan, whether it’s at night, on a weekend or even on a bank holiday. The application is simple and straightforward, and depending on the information you provide, it can usually be processed in about 30 minutes.¶ And our expert customer service team is available 24 hours a day, 7 days a week by phone, or you can chat with us online.
Saving Tips from the Experts
Last but not least, we’ll have advice for you on how to start saving from our experts. Although short-term loans are used every day, QuickQuid’s personal loans are intended to be the steppingstone from one paycheque to the next, to help get you through an urgent financial challenge. A short-term loan should be used responsibly, and QuickQuid’s mission is to help our customers reach a point where they can begin to save money in order to be prepared for future financial challenges. One way to do that is by adjusting your energy usage in your home or flat. Just turning down the temperature of your furnace and water heater a few degrees can have a huge impact on your monthly gas bill. You can also get a programmable thermostat to make sure your home is being heated or cooled only when you’re there. Or lower the amount of water you use each month by investing in a low-flow showerhead.
Promo code is valid on initial finance charge only, must be applied at the
time of application, and cannot be combined with any other offers or prefered member
Promo code may only be used for a QuickQuid payday loan.