Looking for loans similar to Quick Quid? Read on to see how My Quick Loan can help you.
QuickQuid are one of the UK’s leading payday loan lenders. They help customer borrow between £50 to £1,000 with repayments over 1, 2 and 3 months. Their repayment options work slightly different to other typical payday loan companies.
QuickQuid are owned by Enova International, which operates over 11 brands in 6 different countries. Their headquarters are based in London, and have been situated there since they were founded more than 10 years ago.
QuickQuid take up the majority of the UKs short term loan borrowing and since their biggest competitor Wonga has ceased to trade, they’re heading for becoming the largest short term lender in the UK along with Satsuma, Sunny and Pounds To Pocket.
Can existing customers borrow more?
Yes – Quick Quid allow previous customers of theirs to borrow up to £1,500 as long as you met all of your previous repayments in full and on time. This is also subject to affordability checks.
If you choose to repay your loan within 1 month, then your first and only repayment will be the full loan amount plus any interest that has occurred.
However, should you wish to spread your repayments over three months, then your first and second payments will be the interest payable on the loan and with the full loan amount repaid as your final payment.
So if you’re looking for a larger amount to borrow QuickQuid may not be the most option for you. If you are looking for a larger amount to borrow applying through My Quick Loan might be a better option for you.
Applying through My Quick Loan is slightly different to applying through Quick Quid. With QuickQuid your application will be seen by just QuickQuid. With My Quick Loan your application will be seen by around 40+ lenders in the UK, by using software that automatically matches you to the best loan available to your circumstances. This is done by finding a lender that is willing to borrow to you, that also offers the lowest amount of interest.
We can help customers borrow up from £100 to £5,000 over 5 years.
We are an introducer and not a direct lender.
Yes, as stated above, our partner works with over 40+ lenders so this increases your chance of getting a loan. However, there is no guarantee you will be accepted, this will depend on your credit history.
For more information about how My Quick Loan works and how we can help you find a loan, please visit our home page.