- No Hidden Fees
- Same Day Cash Transfer
- Flexible Repayments
- Your Details Are 100% Secure
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%
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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.
QuidMarket Flexible Alternatives to Payday Loans
Getting a short term loan – a better alternative to payday loans – from QuidMarket is quick, simple, and fair. You can apply online in minutes when you need a loan to cover a short term emergency. Even if you have a poor credit history, apply today and we’ll see if we can help.
- 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
- Bad credit considered
- No hidden fees with our direct lender loans
- More manageable than payday loans
- FCA authorised responsible lender
- No guarantor or collateral required
- Quick and easy application
- Decisions made by humans
*Loan amounts and repayment terms are dependent on affordability checks
We’re a Short Term Loan Direct Lender
QuidMarket is a direct lender of short term loans, which are an alternative to payday loans. They’re easier to manage, and you have longer to pay them back with equal monthly instalments.
We began as a short term loan direct lender in 2011, helping hard-working people meet their short term financial needs. We can help people who have found it difficult to get credit elsewhere, thanks to our human approach to lending. Mainstream lenders or banks may not offer support to many people who are experiencing short term financial problems. This is where we are different.
With our customers in mind, we created QuidMarket short term loans online. New customers can borrow from £300 to £600 and can choose to pay it back over a period of up to 6 months.
QuidMarket is now an established short term loan lender, helping thousands of people due to our flexible approach to short term loans. We are fully authorised and regulated by the Financial Conduct Authority (FCA) as responsible lenders. The FCA provides you with a range of protections and guidelines to ensure borrowing remains affordable for you.
To find out more, please go to our how it works section.
How It Works
Choose How Much Cash You'll Need & Apply For A Loan
Checking Your Application
We'll Review Your Affordability & Conduct Our Checks
Get Your Money
If Your Application Is Successful, You'll Receive The Funds The Same Working Day!*
Get Quick Cash Online, From A Trusted & Safe Lender
What’s the Difference Between Short Term and Payday Loans?
There are many similarities between short term loans and payday loans. Both are unsecured cash loans that are designed to help you until your next payday. Both types of direct lender loans are best suited to unavoidable, essential expenses. We don’t recommend our loans for non-essential purchases, but they’re useful for many different scenarios. If your boiler has broken down and needs replacing, or if your car is in the garage for urgent repairs, they could help. But it’s where short term and payday loans in the UK differ that’s important.
Loan term – this is the most notable, and most important, distinction between payday loans and short term loans. As you might assume, payday loans in the UK need to be repaid in full, along with any interest, fees, and other charges, on your next payday. This may not always be manageable for you to pay. Short term loan direct lenders like us allow you to split the cost over several instalments.
Loan amount – payday loans tend to be smaller than short term loans. While some payday loan direct lenders are willing to offer higher amounts, this may not be possible when you need to pay it back in one lump sum. At QuidMarket, we offer short term loans between £300 and £600 for new applicants, and potentially up to £1,500 for repeat customers.
Interest rates – the interest rates you’ll pay on payday loans in the UK may be higher than short term loans. With less than a month for interest to build up, payday loan direct lenders raise their rates so they can still make money during the shorter loan term.
Useful Information About Our Direct Lender Loans
It takes just minutes to complete our quick and straightforward short term loan application form. Your details will then be passed to our specially trained team of underwriters to assess. You will need to fill in the application form with as much detail as possible so we can make a quick and accurate decision. Every application is read by a human, not a computer.
We approve a loan based on many factors, including the affordability of the repayments. You can use the sliders on the homepage to work out what is affordable to you and the total amount repayable. If the loan application is approved, we will usually transfer the funds the same day into your bank account wherever possible. The repayments will start on your next payday – but unlike traditional payday loans in the UK, you can spread the cost over up to 6 months.
Learn more about our application process for short term loans below. You can also discover further information on eligibility and general company information. If you need more help with our alternative to payday loans, our FAQ pages will answer many common questions.
- FCA Authorised
- No Guarantor Required
- Quick & Easy Application
- Bad Credit Considered
- Flexible Repayments
- Same Day Cash Transfer
- No Hidden Fees
Get Quick Cash Online, From A Trusted & Safe Lender
Short Term Loans
Short term loans are designed to help you cover a short term financial hardship, or any unexpected expenses. However, that’s where the similarities with payday loans end.
QuidMarket short term loans are much more flexible than payday loans, meaning you can choose the amount and repayment period that suits you. Borrow between £300 and £600 and pay it back in up to 6 monthly installments. A projection of the monthly repayments will be displayed on the screen to review. This allows you to be sure you can afford to make the repayments before you sign the agreement. If our underwriters approve your loan, we will process it the same day whenever possible.
Short term loans are an expensive form of credit and are designed to help with short term money problems or unexpected expenses only. If you think you are experiencing more long-term issues, payday loans and short term loans will not be suitable. If you are regularly needing to borrow, or need financial advice, please visit Money Helper.
All Credit Considered
Traditionally, payday loan direct lenders will base their decision solely on your credit score. They will use computers to process applications, and if the numbers don’t match, they will decline you for their payday loans in the UK. Here at QuidMarket, as a short term loan direct lender, we’re happy to consider ‘bad’ credit scores for our direct lender loans.
This is because we understand that the number on your credit report doesn’t always reflect your finances right now. Instead, we look at whether you can afford the short term loan you’ve applied for – it really is as simple as that! We’ll assess your income and regular outgoing payments, such as direct debits and credit card repayments. This is to ensure you’ll have plenty of money left for living expenses after your direct lender loan instalments each month.
We tend to find that with direct payday loans approved on an ‘affordability’ basis, we’re able to provide our direct lender loans more confidently. If you have any questions about how our assessment process for our short term loans works, get in touch with QuidMarket today.
Simple, Fast, and Transparent Application
Beginning an application for a QuidMarket short term loan is simple. To begin your application, click on the ‘Apply Now’ button above.
We make it easy to find payday loans and short term loans that work within your budget. All you need to do is use the sliders above to find the best combination for you. We’re completely transparent at every stage of the application process. As you use the sliders, you’ll see exactly how much each instalment of your direct loans in the UK will cost. This includes what you’ll pay in interest and the total amount you’ll repay overall. While this is an estimate and is subject to change pending the outcome of your application, you’ll be given confirmation of the cost before you apply.
What’s more, provided you meet the lending criteria, we will process the application on the same day whenever possible. This means you could have the cash in your bank account when you need it most. All loan applications are handled by our specialist underwriters who abide by the rules and guidelines set out by the FCA.
Apply for Direct Payday Loans & Short Term Credit Today
Short term loans with a direct lender – borrow from £300 to £600 with QuidMarket loans
There are no guaranteed payday loans online. If you need a short term loan or a payday loan, you may find that most payday loan direct lenders will run a credit check to look at your credit report or credit score. Many lenders will often decline applications for payday loans in the UK if you have a poor credit history. Quid Market is a direct lender, not a credit broker, so we make the lending decision ourselves. We base our decision on a credit and affordability assessment. So, even if you have poor credit, our direct payday loan alternative may still be available to you. You can start your quick Quid Market online loan application by clicking apply now.
Our interest rate is competitive, and we don’t charge any late payment fees like most payday loan direct lenders. Our application page is fully transparent, letting you see how much you will repay each month on your short term loan or payday loans in the UK. There are no hidden costs or charges meaning what you see on the screen is what you will pay.
Compare short term loans with Clear and Fair.
Stagemount Ltd is our company name and we trade as QuidMarket. We are authorised and regulated by the Financial Conduct Authority (FCA) under license number 677995.
Payday loans are small and unsecured short term loans, but can also be referred to as quick loans. They are traditionally designed to help you with financial stability until your next payday and are usually easy to apply for. However, the interest rates can be very high. Our short term loans alternative to direct payday loans allows you to borrow amounts between £300 to £1,500. This is dependent on affordability checks, and you can also choose to repay over the course of up to 6 months with flexible repayment terms. This makes them easy to manage and you will have longer to pay the loan back, so our short term loans are more convenient than most payday loans in the UK.
Many other short term loans direct lenders may not consider your loan application if you have a poor credit history. However, at Quid market, we are proud to consider all short term loans applications, even with bad credit. Typically, payday loans in the UK are solely based on credit score. If the checking process shows any inconsistencies, your application will be rejected.
We take a personal approach to payday loans applications, rather than using a computer like many other payday loans direct lenders. We understand that a score on your credit report may not reflect your current financial position. Instead, we evaluate whether you can afford the loan with your current finances. This involves looking at your income, regular outgoings, direct debits and living expenses. If you feel that you would find it difficult to make repayments in your current financial position, please seek advice and support before applying for payday loans.
To qualify for direct payday loans or short term loans, you must be:
- A UK resident over the age of 23 at the time of applying
- In full-time or part-time employment
- Receive a regular salary of over £1,300 per month
You must also be able to provide legitimate debit card and UK bank account details, and extra documentation may be required for the affordability checks.
Once you have completed our application form, this will be sent for verification and provisional approval by the system. Our team of underwriters will then process your application and, while we are unable to give a definite estimate, we aim to process all applications quickly and have a decision within 2 hours. During busy periods, direct payday loans decisions may take a little longer. Any applications received outside of business hours will be processed the next working day.
Unlike other loan lenders, we are unable to offer guaranteed same day loans. While most of our loan applications are processed and approved on the same day, we pride ourselves on full transparency with our applicants. Your application may be slowed down if we find that there are mistakes or pieces of missing information on your application. If any issues are flagged up during our checks with Fraud Prevention Agencies and Credit Reference Agencies, this can also slow the process. However, we aim to get your loan to you as quickly as possible.