QuickQuid Short-Term Loan
Borrow up to £1,500 with fast decisioning, flexible terms, and upfront cost visibility. Benefit from soft credit checks and simple online application.
QuickQuid’s relaunched short-term loan is suited to those seeking quick funding up to £1,500. As an independent reviewer, it’s worth noting that APRs can range from 9.3% up to 102.5%, and new customers can borrow up to £1,500 (repeat customers up to £2,000) for periods between 1 to 24 months. The total cost, including fixed interest of 47.5% pa, is always displayed up front so applicants know exactly what they will pay.
How to Apply: QuickQuid Step by Step
- Complete an online application and provide your details
- Submit the form for a rapid soft credit check
- Receive an instant lending decision, usually within 100 seconds
- If approved, your funds arrive directly in your UK bank account within 10 minutes
Key Advantages
The QuickQuid process is extremely fast from application to decision, with funds often hitting your account within minutes of approval. Additionally, soft credit checks mean no detrimental effect on your credit file at the initial stage.
Transparency is another advantage—applicants see total repayment figures from the outset, helping them budget responsibly before accepting any loan offer.
Potential Drawbacks
The main con is higher interest costs compared to traditional loans, with APRs reaching over 100% in some cases. Short-term borrowing is expensive and only suitable for genuine, immediate needs.
QuickQuid itself is an intermediary right now, not a direct lender; your actual loan may come from another provider subjected to their approval criteria.
Independent Verdict
For those who need emergency funds quickly and have had trouble with banks, QuickQuid offers a straightforward and rapid option. Just be sure the costs fit your budget and needs.
