A £400 loan can be exactly what you need in a short term situation, covering an emergency expense or allowing you to settle an outstanding bill. At QuidMarket, we are happy to help applicants find the funds they need and quickly.

  • New customers can borrow money between £300 and £600*
  • Returning customers may be eligible to borrow up to £1,500*
  • Flexible repayment terms between 3-6 months
  • QuidMarket is an FCA Authorised responsible lender
  • We’re a direct lender of £400 loans
  • No hidden fees with £400 loans
  • Quick and easy online application form
  • No computer-generated decisions; only human assessed applications
  • No guarantor or collateral required
  • £400 loan bad credit specialists
  • Receive the cash the same day as approval in most cases

*Loan amounts and repayment terms are dependent on affordability checks

By clicking apply now, you can fill out our convenient online application form straight away. We’ll provide you with a decision in principle immediately helping you get the £400 loan you want in minutes.

How much do you need?

£300 £1500

For how long?

Apply Now

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This is for illustration purposes only. Your repayment schedule will be confirmed during your application

*All applications are subject to affordability checks*

Representative example: Borrow £300 for 3 months / Interest payable £154.38 / Total amount payable: £454.38 in 3 instalments / 3 payments of £151.46 / Representative 1301.1% APR / Interest rate 292% per annum (fixed) / Maximum APR 1625.5%

Compare short term loans on Clear and Fair

As a new customer the minimum repayment period is 3 months and the maximum is 6 months. Additional options may be available to you as a repeat customer.

Choosing a 400 Pound Loan at QuidMarket

Finding trustworthy lenders online is not as easy as it may seem, especially ones that do not charge any hidden fees. With so many options available for short term loans online, you can be forgiven for feeling slightly overwhelmed by choice. Fortunately, our approach to lending 400 pound loans will ensure you can apply with confidence today. As direct lenders, we won’t pass you onto a third party company such as the experience with an online broker or leave you waiting too long for a decision. We make our own lending decisions so that we can quickly provide our customers with a 400 pound loan or more.

As direct lenders, you’ll also benefit from paying less overall as we do not charge any extra fees and are completely transparent when it comes to the terms of your £400 loan. We believe it’s extremely important to treat our customers fairly, so whether you have a good credit history or a bad one, we’ll ensure your application is fully assessed and a lending decision made based on your finances as a whole. If you can demonstrate you can afford the £400 loan you want, even with a low credit score, there is every chance we can approve your application.

How Our £400 Loans Are Suitable for Bad Credit

The good news is if you are someone that currently has a low credit score we are in a position to help with our £400 loans. Our priority has always been with our customers, ensuring you can make the best possible decision for your finances. As part of this commitment, although we are happy to help you if you have bad credit, we cannot guarantee your application will be successful. If we assess your finances and find that further borrowing will cause financial difficulty for you, then we will not be able to approve your £400 loan request. However, if you have the affordability even though your financial history has meant you have a poor credit rating, and we can see this when reviewing your income and outgoings, we’ll be happy to help.

The other good part about our £400 loans is that they are unsecured, meaning you won’t have to provide a guarantor or collateral to secure the loan amount. Through our careful consideration of your finances, if we approve your application it means we are confident you can afford to repay the loan on time and sustain it. That’s why we are happy to provide unsecured lending options for bad credit applicants once a full assessment and credit check are complete.

Are You Eligible for £400 Loans?

If you want to apply today for a £400 loan to help your short term position, we are happy to welcome applicants from a wide range of financial backgrounds. You will need to meet the following minimum requirements:

  • Currently live in the UK
  • Be over 23 years old, and under 65 years old
  • Have a mobile phone (we send an SMS code during your application)
  • Hold a UK bank account with a valid debit card (we run a verification check that takes 1p)
  • Be in employment and take home at least £1,300 a month.

Meeting the above means you can fill out our application by clicking apply now. As part of your application, you will be required to provide supporting documents. You should be ready to provide proof of identity, proof of address and your most recent bank statements if pre-approved for a £400 loan. You will also have a full credit check and financial assessment carried out of your income and outgoings. As responsible lenders who are FCA approved, we need to ensure you are the right applicant for £400 loans and that you can afford to make regular repayments. We recommend that before you apply to check your income and outgoings and that your disposable income will cover the repayment terms you want.

Apply Today for a 400 Pound Loan

We hope we can help you get the £400 loan you’re looking for and the process is quick and straightforward. If you meet our eligibility requirements above and have your supporting documents, we can quickly assess your application.

We’ll present you with your pre-contract information and loan agreement to carefully read and sign if we can approve your loan request. All you then have to do is electronically sign and send back to us. In many cases, we can then transfer the £400 loan funds into your bank account on the same day. When it comes to making repayments, a Continuous Payment Authority (CPA) will be setup to automatically take repayments on your scheduled payment date. All you have to do is have enough funds in credit on the day it’s due.

If you have any further questions about how it works here at QuidMarket or would like to discuss any other queries about 400 pound loans, please get in touch with the team. You’ll also find helpful answers to common questions we receive in our FAQs section.

Our £400 loans are offered for short terms, so if you need emergency cash and want to repay over a few months, we may be able to help. As they are designed to be used in an emergency, they will need to be repaid over a short term, which can often be a costly way of borrowing. This means you should only apply for this type of loan if you have exhausted all other options. We have made it easy for you to decide if our £400 loans are the best option for you by clearly laying out our processes and costs up front. You can take the time to work out the best loan term for your needs, then all you need to do is fill out our quick and easy online application form.

In the past, a poor credit score may made searching for loans difficult. However, QuidMarket was founded with the intention of helping hardworking people overcome emergency financial situations. Because a large part of our lending decision is whether the loan is sustainably affordable for you, we offer financial products to those with poor credit scores. With our affordability checks, we review your monthly income, essential spending, and other financial commitments to ensure within reason that taking out the loan is not likely going to lead you to further financial difficulties. This means that even if you have past defaults or arrears, you may be able to secure the 400 pound loan you need.

To make our £400 loans affordable for every customer, we tailor quotes based on your personal circumstances. The amount you repay will also vary depending on the loan term you choose. You can use the loan calculator tool on our homepage to estimate the costs of the exact loan you need. You can also rest assured that we follow the FCA’s guidelines on costs, which means you will never pay more than 100% of the original loan amount (including interest and all other costs).

At QuidMarket, you can borrow more than a £400 loan. We provide loans to new customers between £300 to £600, so there are a wide range of amounts to choose from. We set our limit at £600 because we care about our customers’ wellbeing and we would never want a new applicant to borrow more than they need. Our loan amounts increase in increments of £50, so you never need to overborrow. However, if it is necessary for you to apply for more than £400, we can offer cash up to £600. Remember that you will need to repay whatever you borrow with interest, so only apply for what you truly need.

Warning: You should never pay upfront fees for a short term loan or send money in return for a short term loan. Late repayment can cause you serious money problems. For help, visit: www.moneyhelper.org.uk