Here we look at your journey with us, from application through to repayments. If you have a loan with us or are considering applying please read the information below;


Do You Qualify

To make an application for a QuidMarket short term loan you must:

  • Live in the UK
  • Be over 23 years old and 65 years old
  • Have a mobile phone – we send a 4 digit SMS code during your application process
  • Hold a UK bank account with a valid debit card – we run a verification check that takes 1p which is refunded
  • Be in employment and take home at least £1,300 a month.
Women searching online for Quidmarket loans

Short term loans are an expensive form of credit and are not designed for long-term borrowing meaning there may be cheaper options available. Please only apply for the amount you need and take note of the monthly repayments to ensure they are affordable

We know everyone’s different – so we make sure our loans are flexible. You decide how much to borrow and for how long.

You can borrow from £300 to £600 over 3 – 6 months – you can even pay weekly. Use the sliders on the home page to work out how much your repayments will be.

The repayments shown on the home page are estimates, your actual instalments will be calculated during the application process once we know what day you can make the repayments. We do this because interest is accrued daily. So if you repay your loan early, you’ll pay back less interest.

Warning: Late repayment can cause you, serious money problems. For help, visit:


Application Process

We underwrite each loan application manually and are fully compliant and regulated by the Financial Conduct Authority (FCA). Our firm reference number is; 677995. *All applications are subject to affordability checks*

Quidmarket on mobile

To start your application go to our home page and select the loan amount you want to borrow and how many months you want the loan over. You will need to fill in some personal information about yourself and your employment details.

We will also need you to enter some financial information, like your income and outgoings. Please ensure the information on your application is as accurate as possible as we use this, in part, to help us base our decision on you as part of our affordability assessment.

Once done, the final section will be your bank and card details – We take these so we can pay the loan into your account and take your card details for your repayments. When we’re taking the loan repayments we collect them on your payday and use a method called Continuous Payment Authority (CPA).

If you are provisionally approved at this stage you will be directed to a screen with 3 important documents. These are “Pre-Contract”, “Loan Agreement” and “Adequate Explanations”. These detail all the aspects of the loan you will need to be aware of – ensure you read all three of these documents and that the information within them is correct including your repayment schedule.

Once you are happy with the three documents you can then e-sign and finalise the application. We will also send these to the email address entered on the application form for your records.

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Underwriting Process

At QuidMarket we process each application manually – there is never just a robot or fancy computer algorithm deciding who gets approved here!

Our process is confidential but as a responsible lender, we always perform an affordability assessment on each application. We do this using the information you submit and information that is held on a Credit Reference Agency so it is important to enter clear and accurate information on your application.

Our chosen credit reference agency is TransUnion (formally CallCredit). Should you wish to query any information that is held on your credit file you can do so by going to TransUnion’s dispute page

If your loan application is approved we will pay the loan into your bank account on our next available funding run throughout the day. Applications taken outside of normal business hours will be processed as soon as possible the next working day.

We Offer Loans Between £300 - £1,500

No Hidden Fees
Same Day Cash Transfer
Flexible Repayments
Your Details Are 100% Secure
No Guarantor Required
FCA Authorised

Repaying your QuidMarket loan

We will take payments for your instalments using your Debit card via a Continuous Payment Authority (CPA).

This means we will take the agreed amount on your payday automatically without the risk of your bank charging you for a missed payment as they might with a missed Direct Debit. You must inform us of any changes to your Debit Card details so we can update these for you.

If you are unable to make the agreed repayments, contact us to discuss the change of circumstances as soon as you can. This might allow for more options or flexibility when discussing clearing the arrears. For example, we could split a missed payment over future instalments.

Warning: Late repayment can cause you, serious money problems. For help, visit:

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Making early repayments

If you want to repay your loan early you can contact us at any time during your agreement for an “Early Settlement” figure.

We only charge interest for the days you have the loan for so we will need to calculate the interest charges up to the day you want to clear the loan, taking into account all previous payments and transfers during the loan agreement.

If you are happy with the Early Settlement figure we will take the agreed amount on the day you want to pay using your Debit Card. Alternatively, you can make payment directly into our bank account using your online banking.

Once the payment is received your loan agreement will be closed and the remaining interest removed from the account.

Quidmarket on mobile

Repeat customers

Making an application to QuidMarket is even easier using our Existing Customer Area as some of the information is saved on the system.

As before, you can select the loan amount and duration. We offer short term loans from £300 to £600, and potentially up to £1500 for repeat customers, over 3 – 6 months. Again, pay close attention to how the loan amounts and duration affect the monthly repayments.

All repeat applications are underwritten manually and are subject to affordability checks in the same way as new customers so if we feel the loan is not affordable we do unfortunately have to decline repeat customers.

Any previous QuidMarket short-term loans must be paid off in full before making your new application.

Short term loans are an expensive form of credit and are not designed for long-term borrowing meaning there may be cheaper options available.

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: