QuidMarket Loans: Flexible Short Term Loans up to £1,500, Same Day Cash

QuidMarket Loans offers a range of flexible short-term loans, ideal for those who need between £300 and £1,500 quickly. New customers can borrow up to £1,000, while returning customers enjoy loans up to £1,500. Repayment terms are also flexible – ranging from 3 to 6 months. The representative APR is 1298.9%, with a typical example being a £500 loan over five months, resulting in total repayments of £865.80. Notably, there are no hidden fees, and fast approvals with same day cash transfers are possible upon acceptance.

How to Apply for QuidMarket Loans

1. Visit the QuidMarket Loans website and select your preferred loan amount and repayment period using their easy calculator.
2. Fill in the application form with your basic personal and financial information.
3. Await the manual review – this lender examines each case individually rather than solely relying on automated scores.
4. If approved, sign the agreement and receive your funds, sometimes on the very same day.

Top Advantages

QuidMarket stands out by considering applications even from those with less-than-perfect credit histories. Their approach looks beyond just your credit score, focusing on affordability and your present finances.

Another advantage is the payment flexibility. Having 3 to 6 months to pay back your loan allows you to manage your budget and avoid sudden financial strain. Plus, no hidden fees brings transparency and peace of mind.

Potential Drawbacks

The main drawback is the high APR, which means borrowing costs can add up quickly if you are not able to pay off the loan early. This product is designed for short-term needs, not ongoing financial support.

Additionally, approval criteria are strict regarding income and employment. You’ll need a monthly take-home salary of at least £1,250, so it may not suit everyone.

Final Verdict

This loan is recommended for UK residents needing a direct lender for unexpected expenses and who can reliably meet the repayment plan. While the APR is high, the straightforward application process and transparent terms make QuidMarket an appealing option for those seeking a short-term financial solution.