Our monthly instalment loans are a more sustainably affordable alternative to payday loans. They can help our hard-working customers borrow the cash they need to cover urgent expenses without having to repay the full amount on their next payday. At QuidMarket we offer instalment loans online of up to £600 for new customers, and potentially up to £1,500 for repeat applicants.
If you can afford the necessary repayments, we can even help those with a poor credit history spread the cost of borrowing. We’ve been able to help many customers like you do the same and access funds to cover an emergency.
Having the option to spread short term loan repayments over a few months can make borrowing more affordable for many people. That’s why we are happy to let our customers choose the repayment length they need between 3 – 6 months, using our loan calculator to see how much this will cost. This flexibility allows us to help many more people when they need cash quickly and have no other available options.
We are direct lenders of instalment loans in the UK that take a human approach to lending. This means no automated decision-making like other lenders, we manually assess your application. If you need a loan of up to £600 as a new customer and can afford the repayments, we can look to help you today.
We want our customers to be able to choose the loan they need, so if quick cash loans would help resolve your short term position and being able to repay over a few months is affordable for you, please apply today. We’ve made our application process as fast and thorough as possible as responsible lenders, so you won’t have to wait long for a decision.
We think that a fairer way to offer instalment loans for bad credit is to look at your regular income and outgoing payments, rather than just your credit score. If we determine that you could sustainably afford the instalments required, we can look to approve your loan. You must also meet our eligibility criteria:
We can help you with instalment loans between £300 – £1,500, repaying over 3 – 6 months.
We’ll perform credit and affordability checks manually and determine if a loan is sustainable for you.
If approved, we can look to transfer the funds to you the same day where possible.
We know life can throw the unexpected when it comes to our finances, so have peace of mind that our personal instalment loans in the UK are there to help when you need it most. Choose monthly repayments that you can afford and get your finances back on track quickly.
Our loans are designed to help you where other lenders may not, especially if you have a poor credit history. We look past your credit score and focus on what you can afford to pay, all whilst ensuring we work to responsible lending guidelines. As a Financial Conduct Authority (FCA) authorised direct lender, we always have the best interests of our customers at heart, so you can choose the instalment loan that works for you.
With no hidden fees, a simple transparent application process, and same day loans where possible, a QuidMarket loan is there to help whenever you need it.
An instalment loan is a cash loan that can be paid back in monthly repayments over a period of between 3 – 6 months. This makes it an ideal solution for people who need lower repayments in the short term that match their budget. As instalment loans direct lenders, you can choose a loan between £300 to £600 as a new customer and select affordable monthly repayments that work for you.
Depending on your circumstances, an instalment loan can be a better option than a payday loan. Payday loans are typically due in full on your next payday which may not be convenient for all borrowers, whereas instalment loans can be repaid in fixed payments over a longer period of time. This allows borrowers to budget their repayments more effectively. At QuidMarket, we can provide instalment loans as UK direct lenders between 3 – 6 months, helping you choose affordable repayments when you need them.
Yes, our instalment loans require a credit check, however, we’ll focus on if you can afford the loan you need rather than just your credit history. As direct lenders, we use your credit history and score to determine your ability to repay and sustain the loan alongside affordability checks. This ensures we can approve a loan only for those who can afford repayments between 3 – 6 months.
You may find monthly instalment loans with no credit check from direct lenders in the UK, but these often come with higher interest rates and fees. It’s important to compare rates and terms from different lenders, and through us you can use our loan calculator to see how much a loan will cost before proceeding.
This will depend on if you can sustain the repayments on your instalment loan. If you have a poor credit score, some of the ways you can look to try and improve your rating include:
You should check your credit report regularly with one of the main Credit Reference Agencies (CRAs), as this will indicate what is currently causing your low score. Here at QuidMarket, we can look to provide instalment loans for bad credit where possible, so if you can afford the loan, having a low credit score may not guarantee you will be declined.
If you think that you may have difficulties in repaying your instalment loans in the UK, please contact us to discuss the situation. A member of our friendly team is always on hand to listen and help if you feel that you are experiencing difficulties. This is a much better option than missing repayments, as this could result in a late payment mark or a default on your credit file, which could impact your credit score. Where an arrangement to pay has not been agreed, we may use a third party debt collection agency or take legal action to recover the money owed, so it is always a good idea to get in touch with us if you might have trouble repaying.