Borrowing for a short term period can help you resolve many different circumstances. At QuidMarket, we can help you get a 4 month loan using our easy online application. If you can afford the repayments you want and we can approve your application, you could have the funds you need on the same day. There are many reasons to apply for a 4 month loan through us as trusted direct lenders:
- New customers can borrow between £300 and £600*
- Returning customers may be eligible to borrow up to £1,500*
- Flexible repayment terms between 3-6 months
- We are an FCA Authorised responsible direct lender of 4 month loans
- No hidden fees for a 4 month loan
- No guarantor is needed and no collateral either
- Fast and convenient online application
- Human lending decisions, not computer-generated ones
- Those with a low credit history welcome
- Same day approval, quick cash into your bank account
*Loan amounts and repayment terms are dependent on affordability checks
Choosing a Direct Lender of 4 Month Loans
When thinking of applying for a 4 month loan, choosing the right lender is important as it can determine how much you could be charged for the loan. As FCA approved direct lenders, at QuidMarket we know that you shouldn’t feel rushed into making a decision on the first lender you find. Not all online lenders will have your best interests in mind when offering you the loan amount you want. As a commitment to our customers, we will never charge any hidden fees with a loan. We ensure the process is as transparent as possible so that you have all the information you need to make a savvy financial decision.
Many brokers may charge a referral or ‘finders fee’ for introducing you to a lender which can sometimes pass onto the customer. Other lenders may not be fully clear with the charges associated with your loan, such as charging a setup or admin fee. As we are committed to responsible lending, we will always ensure you can see all charges relating to your 4 month loan and provide you with the opportunity to review the loan before proceeding. There are no hidden fees with us and as we transfer the amount to you directly, no additional referral or setup fees are needed.
How We Can Help You With 4 Month Loans with a Low Credit Score
We are in a fortunate position that we can help a wide range of customers find the loan they need. The reason we do not have a minimum credit score requirement to apply is so we can help applicants with a low credit score. We welcome applications from those with good and bad credit scores, as long as the affordability to make repayments is there and we can determine this from an assessment. This doesn’t mean we can guarantee your loan will be approved with a poor credit rating. Instead, it means we can look past your credit score and make a lending decision based on your finances as a whole.
We follow responsible lending guidelines set out by the FCA, and as an authorised direct lender, we will need to fully assess your application. This involves running a credit check to see your financial history and assessing your income and outgoings. As part of your application, we will ask you about your finances including employment. We treat our customers equally and fairly during the lending process for 4 month loans, so you can have peace mind that we will take the time to assess your application where other lenders may not.
How You Can Apply for a 4 Month Loan Today
To see if you can benefit from a 4 month loan through us to resolve your short term position, you’ll need to meet our eligibility requirements. We welcome your application if you are:
- A current UK resident
- At least 23 years old, and under 65 years old
- Have a mobile phone (we send a 4 digit SMS code during your application)
- Hold a UK bank account with a valid debit card (we run a verification check that takes 1p, which is then refunded)
- Be employed and receive at least £1,300 a month in income
Whilst meeting these criteria means you can apply today for 4 month loans, it doesn’t guarantee you will be successful in your application. Once we have received this, you will undergo a full credit check and financial assessment. We use a credit reference agency called TransUnion to perform this credit check, and if approved with no other information required and we can see your affordability, we’ll then pay out the 4 month loan amount straight into your bank account. Our 3 month loans are our minimum term, and we do not offer anything less, such as one month loans.
Repayments for your approved 4 month loan will be taken automatically via a Continuous Payment Authority (CPA). This means all you need to do is ensure enough credit is in your bank account the day of your repayment for this to go through. Your repayment date will be clear within your credit agreement and we’ll also remind you a few days before it’s due. You should contact us immediately if for any reason you feel you may not be able to make a due payment on schedule.
Apply for a QuidMarket 4 Month Loan Online
It’s straightforward to get started with an application for 4 month loans at QuidMarket. Click apply now and we could approve your requested loan within a few minutes. If you have any queries before you start, please get in touch with the team and we’ll be happy to help. Alternatively, you may find the answers you’re looking for in our FAQs.
At QuidMarket, not only can we help you with lending, but we can also offer help and advice regarding financial matters when you need it. Part of our commitment to helping our customers with their finances is providing support during difficult times. As well as the resources we can help you with ourselves, we can provide links to organisations that offer independent financial advice such as Citizens Advice.
We welcome applicants with a range of credit histories to apply for a 4 month loan. However, we cannot guarantee you will be successful with a low credit rating. We can provide bad credit loans, so if you have had a history of poor credit but now have your finances under control, we could help. A credit check will be required alongside an affordability assessment to determine if you can afford the repayments.
Whilst many lenders use automated decision making, at QuidMarket we take a human approach. After being provisionally approved, our team of underwriters will work to quickly assess your application and review your finances. We do this so even if you have bad credit, you won’t be automatically declined until an assessment has been made.
We do not charge any fees for using our service and if you are unsuccessful on this occasion, you will not be charged. There are no hidden fees to ensure there are no surprises, so you can apply for a 4 month loan with transparent terms from the start and see exactly how much your loan will cost.
It’s possible to receive same day funding, however, this will depend on a number of factors. We process all applications for a 4 month loan as quickly as possible, with our team of underwriters able to provide a decision within 2 hours of your application. This may take longer during busy periods and if you apply outside or business hours, meaning this will be processed the next working day. You can receive funds directly to your bank account within minutes once all approved and your loan documents are signed and received back.