Save 20% on your loan fee at QuickQuid.co.uk now through November 30! QuickQuid Promo Code
Save 30% on your loan fee at QuickQuid.co.uk QuickQuid Promo Code
Save 30% on your loan fee at QuickQuid.co.uk QuickQuid Promo Code
Save 30% on your loan fee at QuickQuid.co.uk QuickQuid Promo Code
What are Payday Loans?
Payday loans, sometimes referred to as cash advances or payday advances, are short-term loans used by people with emergency expenses or immediate money needs. Payday loans typically range between £50 and £1500† and are borrowed until your next pay date. On your due date, which is usually your next pay date, the loan amount and finance charge is automatically withdrawn from your bank account or debit card (depending on which repayment form you choose). At this time, your transaction is complete.
What is the Difference between 1-Period Payday Loans and 2-Period Payday Loans?
A 1-period loan is borrowed until your next pay date while a 2-period loan is borrowed over two pay periods. Here’s how it works. With a 1-period loan, your loan amount and finance charge is due on your next pay date. With a 2-period loan, a finance charge is due on your next pay date. Then the loan amount and a finance charge is due on your following pay date.
Can You Extend Payday Loans?
If you decide that you need more time to pay back your loan, you can request an extension up to three working days before your due date. When you extend payday loans, the finance charge for the original loan must be paid on the original due date. Then you will pay the loan amount and a finance charge on your next due date, which is typically your following pay date.
How Does the Application Process Work for Payday Loans?
Fill out the short application form above and click Apply Now. You will be directed to the QuickQuid payday loans application form, which takes just five minutes to complete. In the application, you will provide some basic personal information like your name, email, phone number and address. You will also be able to view our privacy policy and decide whether or not you’d like to receive special promotions from us via email, text message or post. Then you will provide your employment information, so that we can verify that you’ll be able to repay your payday loans. You will also provide your bank account information, so that we can deposit your funds into your bank account.
After completing the application, you will be directed to the contract where you can see your loan amount and finance charge before you sign the contract. After reviewing and signing the contract, you’ll need to decide how you want to repay your loan. You can set up a DDI so that your loan is automatically repaid from your bank account or you can choose to pay by debit card. Our payday loans application process is quick, clear and easy. If you need assistance, you can contact our Application Support team. They’ll be happy to help!