Quick Quid

Company Profile

Formed in 2004, Quick Quid is one of the oldest payday lenders in the UK market. The parent company of this online lender is CashEuroNetUK.

Quick facts:

• QuickQuid is an authorized loan lending company under the Consumer Credit Act 1974
• Also does business with the trading name Britain Payday Loans

 

Loan Product

 

Quick Quid offers payday loans with two repayment options. For customers who seek a longer payback period, there is a 2-period repayment option wherein the loan amount along with the finance charge will be debited on the second due date. On the first due date, a mid-loan fee will be debited from the bank account of the customer. The second, shorter option is for 1-period, where the loan amount along with the finance charge will be debited on the first due date.

 

Features:

• Maximum loan amount of £750
• Up to £300 for new customers
• Interest is £25 per £100 borrowed per pay period
• Loans offered if you are paid monthly, twice monthly, bi-weekly or weekly
• Up to 5 extensions or roll-overs (1 month at a time) offered
• Options of early payoff and partial payment also offered