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. *Applications submitted outside normal business hours will be processed on the next working day. *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 1302.3% APR / Interest rate 292% per annum (fixed) / Maximum APR 1625.5%
Our priority is with helping our customers make informed financial decisions. Not only do we provide £300 loans, and up to £600 for new customers, but we take the time to ensure that the loan is the right fit for your budget. We prioritise transparency and ensuring responsible lending as an FCA authorised direct lender. By choosing us, you’ll know that you won’t pay any hidden fees – in fact, we don’t charge fees at all. We carefully review every application to ensure a loan is sustainable, and whilst this process may take slightly longer, it ensures we provide a fair decision for every customer.
Being able to resolve emergency payments without delay can make a huge difference. If you need a £300 loan today, you can be confident that we’ll do our very best to ensure that your loan application is as quick and straightforward as possible. We’re able to offer same day loans to many of our customers because we’ve streamlined our process in many ways.
One area that we do spend a little extra time on, however, is looking over your loan application. Every application is manually checked carefully so that we can offer loans that are sustainable for our customers. Whilst it takes a few minutes longer than if we were to automate the process, it allows us to offer loans for £300 that are tailored to your financial situation. We cannot approve every application we receive, but for those we can help, you will have an affordable option tailored to you.
It may seem difficult to get loan approval if you have a low credit score. As your credit rating can drop due to reasons including arrears payments or even defaulting on loans, some lenders may see you as a risk when assessing your finances. However, there are many other reasons you could have a low credit score, and it takes time to rebuild it.
At QuidMarket, there are no false promises with our loans. We prioritise responsible lending over guaranteed approval, so we will consider £300 loans for bad credit if the repayments are sustainable, meaning we cannot approve every customer with a poor credit history, but we won’t automatically disqualify you either. When making lending decisions for our loans, we look at your finances and essential outgoings – if you can sustainably afford the repayments on a loan between 3 – 6 months, we may be able to provide the help you need that suits your budget.
Pay for unexpected or emergency expenses such as car repairs, medical bills, or home repairs. An urgent £300 loan can help resolve these issues with affordable repayments.
Sustaining a bad credit loan can help improve your credit score, making it easier to access credit in the future.
Experiencing temporary cash flow issues? A small £300 cash loan can help you cover your expenses until your next salary date.
We ensure that when you apply for a loan, your application will be reviewed manually by our team, rather than an automated process. This means we can focus on sustainable, tailored loans suitable for your finances, helping you get the cash you need fast.
We provide a personalised approach to lending, with our team of trained credit analysts manually assessing your application. We believe every loan application deserves care and attention, so if you can meet the below requirements, you can apply today and get a quick decision.
It’s simple to complete our short application form, providing a few details about you and your finances. Once we have this, we can look to provisionally approve your loan before manually assessing your finances and performing necessary credit checks. Once approved, we can look to transfer the agreed loan funds to you as quickly as possible.
Apply for a loan today and choose flexible, affordable repayments to match your finances. Whether your credit rating is high or low, we can quickly assess your application and determine if the loan is sustainable, looking to help you where possible. If you have any questions, please just ask by contacting us.
Our £300 loans are designed for individuals in need of emergency cash, looking to repay over 3 – 6 months. These loans can be used in urgent situations, such as for unexpected bills or expenses that cannot wait until your next payday. However, as they are a type of emergency loan, you should only apply if you have exhausted all other options such as emergency savings. At QuidMarket, we make it simple for you to decide if our loans are the best option for you by stating our costs and processes upfront, ensuring complete transparency. You should spend some time deciding on an affordable repayment term and apply if this is the best option for you and your finances.
We aim to help people in all circumstances overcome financial emergencies, including those with bad credit where possible. Our underwriters review manually whether you can sustainably afford the repayments you’ve chosen. In some circumstances, we can look to support those with a poor credit history, but this cannot be guaranteed. We will review your monthly income, essential spending, and other financial commitments to ensure that you will not be left in further financial difficulties. Your credit rating is not the sole deciding factor, so whether you have a history of defaults or arrears, we may be able to provide a tailored loan to suit your finances.
You can use our loan calculator to see how much you will be repaying each month on your chosen loan amount before you apply. As responsible lenders, we follow FCA guidelines on costs, which means you will never pay more than 100% of the original loan amount (including interest). We are fully transparent with our loans and there are no hidden fees, so you can see exactly what the loan will cost overall. You will be able to review your pre-contract agreement to see the full details of your loan before proceeding.
We offer short term loans between £300 and £600 for new customers, meaning we cannot offer loans for a smaller amount than this. The minimum loan amount ensures the repayments you choose are affordable for the loan terms available. Applying for a loan is a significant financial decision, even for small amounts, so it is essential to consider what you can afford and how much you will be repaying overall. Consider other options first if a £300 cash loan is more than you currently need, such as emergency savings or help from friends and family.
Yes, you can apply for up to a £600 loan as a new customer. If you successfully repay your first loan with us, you may be eligible to apply for a loan of up to £1,500 as a returning customer. We need to ensure your first loan is sustainable, so once this has been settled in full, you are welcome to apply again in future if you need to. Please note, we cannot guarantee approval, and you should only apply for the loan amount you need rather than the maximum available.