QuickQuid Loans Alternative
Looking for a Quick Quid Loan? Why not try Loanski a great comparison.
You can expect an automated answer within 3 minutes.
**Applying will not affect your credit score but if you accept the loan offer a full credit check will be performed
REPRESENTATIVE 305% APR
Loanski offers competitive interest rates compared to some lenders across the market.
Customize your loan term from 1 month to 12 months putting you in control of your payment plan.
You can expect fast payouts sometimes within 10 minutes^
Company Number: BR017352
Date firm started business:
18 November 2014
QuickQuid is the trading name of CashEuroNet UK, LLC.
Type of Business: LENDER
Loan value range:
£100 to £1000
Loan term length:
1 to 3 Months
Pounds to Pocket
Head Office Address:
124-128 City Road
If you’ve ever been in dire need of quick cash, then you have heard about QuickQuid. QuickQuid is a UK based company dedicated to offering flexible and transparent short-term loans to UK residents. The company provides short term loans that enable borrowers to manage any unexpected expenses that may crop up between paydays.
How the company works
New customers using the service can apply for a short term loan up to £1000 while returning customers can apply up to £1500. After applying for a loan, customers can wait for QuickQuid to approve the loan, and after approval, the money will be sent to their bank account within 10 minutes.
However, in some cases, the process may take longer, notably if your bank doesn’t support faster payments.
New customers applying for a loan must complete an online application form while returning customers can use their online account to apply for a loan. In case QuickQuid is unable to verify your bank details, they will always ask for additional information before they process the credit.
Once you’ve completed your application, you can view the loan details and the contract on your online account, and once your account is funded, you’ll receive an email notification on the same.
Requirements for the loan
QuickQuid emphasises on getting your address information to ascertain and verify your identity when reviewing your loan application.
QuickQuid will enquire if you are in employment at the time of applying for the loan to determine if you receive regular paycheques. Typically, the company will not contact your employer to ascertain the details you provide but will use third parties to verify the information you provide.
Monthly expense information
Customers must provide their monthly expense information to assist QuickQuid in getting an accurate picture of your financial information
Bank Account information
If a loan is approved, QuickQuid may use these details to remit the money to your account within 10 minutes after approval of your loan.
When applying for a loan, customers have the option of selecting their suitable repayment method from the three options provided by the company. When a customer signs the contract, he can choose to repay the loan over 1, 2 or 3 pay periods.
For this payment method, your loan amount and accrued interest are due on your repayment date.
On your first repayment date, your accrued interest is due, and on the second repayment date, customers will pay the loan amount plus an additional accrued interest.
On the first two repayment dates, the accrued interest is due while on the third repayment date, the customer pays the loan plus any additional accrued interest.
To facilitate payments, customers can either link their debit cards or authorise their banks to perform a direct debit from their accounts. QuickQuid will not fund your account until you’ve approved a valid repayment method. It is noteworthy that the repayments should be made on the dates stipulated in the contract agreement you sign with Quick Quid.
QuickQuid penalises members who delay in making their loan repayments by fining them a late fee of up to £15. Moreover, interest will continue to accrue on the outstanding principal at the same rate as your contractual interest rate, beginning the next calendar day after your repayment date.
Interest rates and discount codes
QuickQuid generally charges a 0.8% daily interest on loans. However, the company provides discount codes that significantly reduce the interest percentage on the loans advanced to borrowers and helps them to make significant savings.
Loan application status
QuickQuid can approve your loan, decline your loan application of the loan can be under review. If your loan is approved, then your account may be funded in a record 10 minutes.
If your loan application is under review, QuickQuid may require you to provide additional information before sending the money to your account.
If your loan is declined, the company is not in a position to offer you a loan at the moment, but you can always log in and apply for the loan in the future
- Valid UK bank account
- Have a regular income
- A resident of the UK
- At least 18 years old
QuickQuid has additional borrowing options to suit the needs of each customer. Specifically, the company has borrowing options that are tailored to meet the emerging needs of customers with existing loans. Customers with an existing loan can apply for a top-up on their current loans or request for extensions.
Looking for an all in one loan solution like QuickQuid? Loanski’s partner has a loan search system that scans and checks your details with multiple lenders increasing your chances of getting accepted for a loan and reduces the time searching through multiple lenders.
Customers who are in good standing with QuickQuid and have active loans with only the principal remaining on their initial loan approval limit can always apply for a top-up on their loans.
If the top-up is approved, customers will repay their original loan amount, plus Top-Up, interest and any fees. The payment can be made according to the existing repayment schedule or in conjunction with an extension.
Customers for one reason or the other may require more time to repay their loans. If so, they can apply for an extension. All that they need to do, is log into their account and apply for the extra time and once the extension is approved, customers can extend the repayment of the loan principal by one or two repayment periods.
Borrowers can apply for a maximum of two extensions per loan, for a maximum total loan duration of three periods. For the additional time, QuickQuid will charge you daily interest for the extra time.
If you are looking for a QuickQuid alternative, then you can try Loanski to help you get the best short term loans in the market. Loanski is a broker that acts as an affiliate and not a lender.
You only submit your application on our portal, and we’ll help search for lenders who will give you the best offers, thus saving you time that you could have spent applying for a loan from several lenders.
|Advantages of using Loanski|
|Loan Amounts||£100 to £2000 ^||High Acceptance Rates|
|Application Decision Time||3 Minute Automated Decision!||100% Online No Paper Work!|
|Payout Time||As fast as 10 Minutes! ^||SSL Secure Application|
|Fee For Application||£0 We Don't Charge Fee's!||Multiple Lender Platform|
|Poor Credit Score?||All Credit Scores Welcome!||No Obligation|