About Mobile Quid
Mobile Quid is a lender that specialises in loans for £100 over a 20 day period. You simply need to register online and then borrow the money using your phone by texting your pin to designated number.
The aim of a Mobile Quid is to offer small value loans that are easy and quick to access. They usually payout within 2 hours if applying for the first time and 15 minutes if already registered with them.
The application process is fairly simple. You have to first complete a one-off sign up form which can be found on their website, where they will ask for your personal details. You may need to send them copies of your bank statements from the last 3 months. Once you are registered you need to send a text with your PIN number (will have been sent to your email) to 88080. Once this text is sent, you will get access to your credit agreement which you will need to sign. When you are accepted, they will notify you via email and text message and the funds will be transferred instantly.
Once you are registered with them you can apply for as many £100 loans as you like, you can only have one at a time but if you repay it on time, then all you need to do to get another £100 is send a text, then within minutes you will have money in your account.
The total that you will have to repay after 20 days is £124.73. That include interest of £19.73 and transfer fee of £5.00.