QuickQuid is back and offering flexible short-term loans for UK residents, now accessible to ES-region applicants as well. Loan amounts range up to €1,740 for new customers and up to €2,320 for returning customers. Repayment periods can be chosen from 1 to 24 months, providing you the ability to pick a plan that works best for your unique situation. The fixed interest rate is around 47.5% per annum, and all costs are disclosed upfront so there are no surprises. Applicants are subject to a soft credit check only, which won’t affect your score unless you accept an offer.

How to Apply for QuickQuid Loans

• Start your application online by entering your personal and employment details
• The approval process delivers a decision in under 30 minutes
• If approved, receive funds in your account, usually within 10 minutes
• Pick a repayment plan from 1 up to 24 months depending on your eligibility
• No need to worry about rigorous credit checks during the initial review

Advantages of QuickQuid Loans

QuickQuid stands out thanks to its quick application and funding process, making it ideal when you need cash urgently. The flexible loan amounts and repayment options allow you to tailor the product to your needs.

Only a soft credit check is performed for eligibility, so those with less-than-perfect credit can still apply with confidence. Transparent costs ensure you always know what you will pay.

Drawbacks of QuickQuid Loans

The interest rate is notably higher compared to traditional banking loans or credit cards. As with any short-term loan, borrowing for extended periods can become expensive quickly.

Additionally, if you have ongoing financial difficulties or struggle with repayments, this type of product may not be suitable and could worsen your situation.

Our Verdict

QuickQuid provides an accessible and fast solution for those in need of short-term funds and with limited borrowing options elsewhere. Its transparent approach and soft credit checks are positives, but users should always borrow responsibly and understand the full repayment commitment before applying.