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How to get QuickQuid Instant Payday Loan? – Reviews & Guide

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Last updated on November 30th, 2018 at 12:08 pm

“How to get QuickQuid Instant Payday Laon?” will guide you to find out the best ways and methods to get instant online payday loans UK.

Payday Loan is a convenient way to apply for money when you have immediate need of it, from the comfort of your home. Quick Quid provide you with highly efficient instant loans and short-term payday loan services from last 4 years, without any hidden fees or charges. Quick Quid provides cash advances to thousands of UK citizens throughout their financial year. It is one of the high acceptance payday loan lender in UK.

Quick Quid helps you to pass through an unfavorable financial time by offering payday loans. You can get high acceptance rates while doing with Quick Quid.

Why Quick Quid offers Efficient Loans?

No doubt, instant same day payday loans serve as an immediate rescue when you don’t have any personal balance to invest, but keep in mind, these offers also have some rules and regulations put for security purposes, such as;

  • When going to receive payday loans services, remember payday loans should not be used for existing debts
  • Make sure that if you are capable of repaying, at the time of receiving loans from the company
  • Try to pay off installments on time to avoid extra default charges
  • Don’t go with Quick payday loans if you are searching for long-term financial solutions
  • Don’t try to receive payday service from different banks at the same time because some lenders will carry out your credit check/history and some are no credit check instant loans lenders.

Benefits of Payday Loan

Quicken loans have a portal of benefits without any restrictions, i.e. Other banks need a solid reason to withdraw a loan from the bank but Quick Quid has no such restriction.

  1. The first and foremost benefit of a payday loan is its online availability. You can submit your application for short-term loans, and then process it according to given instructions.
  2. Having a high acceptance rate with no fees or other extra charges
  3. Capable of taking strict decisions with strict Data Protection Policies.
  4. Multiple payday loan lenders in UK makes easy to choose the right one.
  5. Lowest interest rates and APR

Quick Quid provides their users with smart, easy and effective customer services that customers may look back whenever they need for some short-term loans.

Quick Quid Instant Payday Loan Representative Example

If the amount of your credit is £300 for 65 days with one repayment of £78.00 and one repayment of £378.00. Interest will be £156.00 and Interest rate is 292% pa (fixed). 1294.1% APR Representative.

Related Reading  Wonga Payday Loan Alternatives

Eligibility Requirements

If you want to get a Quick Quid payday loan, you should:

  • Have a valid UK bank account
  • Be employed and receiving a regular paycheque
  • Be a resident of the UK
  • Be at least 18 years old

How to Apply with QuickQuid

Here is a complete guidance of How to get Quick Quid instant payday loan?

If you are a new customer, you can apply for payday loans by completing online application within minutes. If you are a returning customer, you can apply from your line account easily.

The Information You Need to Request on our Application

For submitting an online application to get Quick Quid Payday loan, you will be asked the following information:

Address Information

We ask for your address so that we can verify your identity when we review your application.

Employment Information

Before accepting your application, the bank will inquire if you are employed and receiving regular paycheques or not? The Quick Quid will use third-party checks to verify your employment.

Financial and Monthly Expense Information

Your financial Information will give the lender an image of your financial conditions that will help to provide you with an appropriate loan offer.

Bank Account Information

If your application is approved, the Quick Quid will use this information to send your loan to your bank account within 10 minutes.

Quick Quid Loans Repayment Options and Methods

There are 2 repay options on the application. After sign your contract, you will be asked to choose your repayment method. You can link an authorized direct debit from your bank account or a debit card for repayments. After that, the Quick Quid will collect repayments from your chosen repayment method on the dates that are listed on your loan contract.

Loan Decisions You Might Receive

after completing the above process, you might receive an option from the following:

Approval

Under Review

Decline

Quick Quid Instant Payday Loan Repayment

After your application is approved, you will have to repay your loan over 1, 2 or 3 payment episodes

Period 1

In this 1st period, your loan and accrued interest are payable on your repayment date.

 Period 2

In the 2nd period, your accrued interest is due on the date of your first repayment. In this period you’ll have to pay your loan amount and additional accrued interest.

Related Reading  Sunny Payday Loan Review - Unbiased Customer Feedback

Period 3

In the 3rd period, your accrued interest is due on the dates of your first two repayments. In this period you’ll have to pay your loan amount and additional accrued interest.

Other Borrowing Options Of Quick Quid Instant Payday Loan

There are some other options accessible to customers with active loans.

Top-Ups

If you have an active loan and principal reaming on approval limit, you can be eligible for a Top-Up on your loan. If you get Pop-Up, you will have to repay your actual loan amount, Top-Up, feed, and interest according to your chosen repayment schedule or in combination with an extension.

Extensions

You can request an extension by logging in to your account if you want extra time to repay your loan. If this request approved, you will be given two or more extra pay periods to repay your payments. You can apply for a maximum of two extensions on per loan, for a total loan duration of three periods.

Quick Quid Customer Services

Quick Quid treat their customers warmly and fairly and provide them with the following payday loans instantly;

You can borrow  £250 for only 30 days and you will have to make repayment, worth  £310. And if there will some late repayments then maybe your repayment amount will increase. The interest rate per  £250 will be 292.25% and this is not variable at all.

  • To get an instant loan service you only need your personal information and the exact amount of loan which you want to receive.
  • Quick Quid understand your needs, thus they made it easy to apply to anyone.
  • The first step is whether you are eligible or not. There are Top UK Loan Lenders requirements before applying. Once you are confirmed for a loan agreement, then you have same day loan deposit in bank account between £50 – £3000. Most probably; within 15 minutes.
  • Now you will choose an amount of loan and when you will repay. Your deal will be confirmed after contacting with lenders. All of the above steps happen Online within the extra limited time.

Late Repayments will Cause Complicated Problems

When you are going to take these fast payment loans, it is strongly advised that you have to determine whether you are capable of giving back or not. You can do it by calculating your monthly income and see what’s left after regular costs.

Unluckily, if you are not able to repay payments on time you chose at the time of the agreement, you can be charged with a high amount of default fees, which will be more then £15. Also, this implies a bad impact on your credit record. Thus, it is necessary to think before accepting a lenders application. Read carefully all the terms and conditions. Remember that Repayment instalment always larger than the total loan amount because of interest charges added.

Related Reading  Top 9 Payday Loan Benefits - Why to Get Payday Laons

Quick Quid also offer bad credit instant loan. Quick Quid never have some hidden costs or they never will charge any amount of additional charges in the future. For this reason, an instant payday loan is a rapidly emerging UK’s favourite loan providers.

Things to Consider Before Choosing a Payday Lender

When you look for cheap loans, make sure that the alternative options are legitimate. Before choosing a lender, consider this checklist:

Authorized Lender

It is mandatory for UK lenders to be authorized by the Financial Conduct Authority. Online lenders have to post their registration number on their website.

Actual Lender

Many online instant payday loan companies state that they offer loans themselves but in actual they grab your information and sell this information to the highest bidder. In this way, they take away your chance to choose the right for you. The act requires them to state that they are not a direct loan lender but they are only a service to give you a loan.”

Privacy Policy

Be careful of the companies that don’t have a privacy policy on their website as it is a sign of a less reputable company.

Identity Security

Before filling out an application, see company’s logos on the site to make sure the selected company uses security technology like McAfee Secure or VeriSign Secured to guard your personal information.

Physical Address

Beware if an online lender does not give a physical address for communication anywhere on their website.

Industry Best Practices

The payday loan lender you choose should be an active member of organizations like the Credit Industry Fraud Avoidance System (CIFAS) ad Consumer Finance Association (CFA).

How much can you borrow from QuickQuid?

New customers can apply for up to £1000 and a returning QuickQuid customer can apply for up to £1500.

How can you use Quick Quid Instant Payday Loan

These loans are not meant for long-term solutions and can’t be taken for emergencies rather they should only be used as solutions for momentary money issues.

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