QuickQuid Reviews, Loan Calculator and Complaints

(24 customer reviews)

Average Customer Rating

Is this you?

Acceptance Criteria

You may not need to provide any documents, they will inform you when they receive your application
You don't need to have a perfect credit history
You must be 18 years of age or older to apply

You need to be employed and receive a regular paycheque or salary
You must be a resident of the UK
You willl need to have a valid bank account with Direct Debit facilities

Loan Details

APR

819.12% - 2222.46%

Representative APR

1734%

Loan Amount

£50 - £1,500

Repayment Period

Minimum Term 8 days

New customers up to £1,000 - 60 days

Existing customers up to £1,500 - 60 days

Repayment Method

Deducted from your debit card

Direct Debit

Speed To Payout

Between 3am and 10pm - paid out within one hour

Between 10pm and 3am - next working day

Arrangement Fee

No Fee

Payment Holidays

Extensions can be requested until 5:00pm, 3 business days before the due date of your current loan

Payout Method

Transferred into your bank account

Income Protection Available

No

Average Customer Review

(24 customer reviews)

Loanfinder Ranking

284th for APR of 423 loans in the UK (See Lender League Table By APR)
79th for Customer Satisfaction (See Customer Reviews)

About QuickQuid

QuickQuid can lend you between £50 and £1,000 if you are a new customer. Once you prove you can pay these amounts back without any problems, they will lend you up to £1,500. The loan is to be repaid on your next payday but if you wish to roll-over the loan to the following payday, you must pay the interest for that month.

You can apply online or over the phone with QuickQuid. To apply, you need to complete their online application form. When it's completed, they will give you a provisional decision. They don't usually ask for documentation but you may need to if your application is referred. The amount you pay back will be determined at application stage as there are three tiers you could fall into. What tier you are put in will depend on your previous credit history, your employment history and your loan repayment history. They will perform a credit check on you. Once finally approved, they will contact you to inform you. The money should be in your account on the same day if the application is finished by 10pm. If not, it will be paid the following working day.

Excellent Tier - charged £20 per £100 borrowed
Good Tier - charged £25 per £100 borrowed
Average Tier - £29.50 per £100 borrowed

Your credit history will determine what tier QuickQuid put you in. Flexible repayment options are available where you can roll the loan over to the next month if you are going to struggle making the full payment. A finance charge will be applicable but will be no more than £15. The customer reviews on the web on the whole are good though they are known to send a lot of emails, texts, etc. If you don't want any of that than make sure you can opt out of it. Also, they have been known to take extra payments from your debit card not on the dates agreed, leaving people over drawn and without any money. Ensure that you know exactly when money is going to be taken out of your account and ensure that there is sufficient money in your account that day.