Quidmarket will never charge you any fees. You should never pay upfront fees for a loan or send money in return for a loan.

£400 Loans

In the short term, a £400 loan can be exactly what you need to help cover everything from emergency expenses to unexpected bills. At QuidMarket, we provide short term loans available for those who can sustainably afford them, offering tailored loans to suit your finances, no matter your credit score.

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£300 £1500
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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. *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 1307.1% APR / Interest rate 292% per annum (fixed) / Maximum APR 1623.90%

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Trusted FCA Lender – Responsible Lending, Sustainable Loans

Discovering trusted online lenders can be challenging, especially with so many to choose from. Finding payday loans for £400 that do not impose hidden fees and treat you fairly as a customer may seem difficult, fortunately, our human lending approach at QuidMarket ensures you can apply today with confidence.

As FCA approved direct lenders, we provide no false promises with our loans, helping you make an informed decision that is best for your finances. We provide transparency with our loans and refrain from charging any additional fees like other lenders – just clear to understand terms for an urgent £400 loan when you need it the most. We firmly believe in treating our customers fairly, regardless of their credit history. It’s why we thoroughly assess every application manually rather than using automated lending. This helps us provide human lending that considers your overall financial situation.

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£400 Loans with a Poor Credit History

If you are someone that has a low credit score, our £400 loans may be suitable for you. Whilst a guaranteed loan is sought by many in an emergency, our priority has always been ensuring our customers can make the best possible decision for their finances. Although we can look to help those with bad credit, we cannot guarantee approval for every application we receive.

Our focus is on whether you can sustainably afford the loan, so if we feel it will cause financial difficulty for you, then we will not be able to approve your loan request. However, if the loan is sustainable over a 3 – 6 month repayment term, even with a poor credit history that has left you with a low credit rating, we may be able to offer a loan suited to your finances.

Our instalment loans are unsecured, so you won’t have to provide a guarantor to secure the loan with a low credit score. We’ll carefully consider your finances, so if we approve your application, it means we are confident you can sustain the loan throughout the repayment term. Whilst our manual approval process may take slightly longer than other lenders, this ensures fair and responsible lending for you and a tailored loan to your budget.

Simple Application, Quick Decision

If a £400 cash loan will help you today, you’ll be pleased to know the process is both quick and straightforward. By meeting our eligibility criteria listed below, and having your necessary supporting documents ready, we can manually assess your application as quickly as possible. If we can provisionally approve your loan, we will provide you with your pre-contract information and loan agreement for careful review and signing. Simply electronically sign and send it back to us.

Once credit and affordability checks are complete, and if approved, we can then transfer the loan funds to your bank account on the same day where possible. As for repayments, we will set up a Continuous Payment Authority (CPA) to automatically deduct your scheduled payments on the due date from your bank account – all you need to do is ensure you have sufficient funds in your account before the due date.

Simple, tailored loans that are sustainable for you. That’s what makes us a £400 loan lender with a difference. Discover more about how it works, and start your application today.

  • 01 Application Process

    We can provisionally approve your loan within minutes of completing your application.

  • 02 Underwriting Process

    Our credit analysts will manually review your application, conducting credit and affordability checks.

  • 03 Loan Repayment

    We’ll set up a Continuous Payment Authority (CPA) on your bank account for repayments, which will continue until your loan is repaid.

Are You Eligible For A £400 Loan?

We welcome your application no matter your financial background, helping you improve your short term financial situation with a quick loan where possible. To be eligible for a £400 loan today, please ensure you can meet the following minimum requirements:

  • Be between the ages of 23 and 65
  • Be a resident of the United Kingdom
  • Have a valid mobile number to receive text messages
  • Possess a current UK bank account with a valid debit card
  • Be employed and receive a take-home salary of at least £1,250 per month

As part of the application process, you will need to provide supporting documents. You may need to be prepared to submit proof of identity, proof of address, and your most recent bank statements if you are pre-approved for a loan. Additionally, a comprehensive credit check and financial assessment will be manually performed, assessing your income and expenditure. If you’re pre-approved but we cannot determine if the loan is sustainable for you, your loan may still be declined.

As we are FCA authorised, it is our commitment as responsible lenders to ensure that you are suitable for the loan and that you have the financial means to sustain your repayments. We highly recommend that before applying, you carefully review your income and expenditure to check that you have sufficient disposable income to meet the repayments. If you can afford it, we will always look to tailor the loan to your budget as much as possible, taking a human approach to lending.

If you have any questions before you apply or about your application, please contact us.

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£400 Loan FAQs

It’s simple to apply for our loans for £400 which can be ideal as an emergency loan when you need cash quickly and can repay within a few months. However, this type of loan should be carefully considered after exploring other options that may help you first, such as any savings or short-term help from friends and family. If you can afford to sustain the loan repayments across the repayment term between 3 – 6 months, you can click apply now and start your application. Check you can meet our eligibility requirements first, and we can look to see if we can help today.

At QuidMarket, our lending decisions are primarily based on whether the loan is reasonably sustainable for you. To determine this, we carefully assess your monthly income, essential expenses, and other financial commitments manually. We aim to ensure that taking out a loan with us will not further burden you financially, so, regardless of any previous defaults or arrears, you may still be eligible for an urgent £400 loan when you need it. We cannot guarantee approval, but we’ll always look to help where we can.

To ensure our £400 loans are affordable for all customers, we tailor our loans based on your unique circumstances. The repayment amount will vary depending on the duration of the loan you choose, so the best way to see this is by using our loan calculator, which will show you the approximate total loan amount. Rest assured, we strictly adhere to the FCA’s guidelines on costs, ensuring that you will never pay back more in interest than 100% of the original loan amount.


We can help new customers choose a loan between £300 and £600, providing you with flexible repayments between 3 to 6 months. We can offer higher loan amounts, however, these are for returning customers only who have settled their first loan in full with us. As a returning customer, you can choose to apply for up to a £1500 loan if you need to. Remember, you should only apply for the loan amount you need rather than the maximum available to you, ensuring the repayments are sustainable for you.

Warning: Late repayment can cause you serious money problems. For help, visit: www.moneyhelper.org.uk