When looking to borrow money, you want to find flexible options to help. With loans like Safety Net Credit, you can choose the amount and terms you want rather than a flexible line of credit. This form of borrowing involves providing a credit limit which is similar to a credit card or overdraft. Here at QuidMarket, we can provide an alternative to loans like Safety Net Credit that provides you with a clear amount and monthly repayment.

It’s easy to start an application, just choose a loan amount between £300 – £600 and a repayment term between 3 – 6 months and click apply now. You can then fill in our short form and get a decision quickly, with same day cash if approved. To find out more about our short term loans compared to Safety Net, you’ll find more information on this page. If you have any questions, please contact our team today.

How much do you need?

£300 £1500

For how long?

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This is for illustration purposes only. Your repayment schedule will be confirmed during your application

*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 1301.1% APR / Interest rate 292% per annum (fixed) / Maximum APR 1625.5%

Compare short term loans on Clear and Fair

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.

Who are Safety Net Credit?

Safety Net are an online lender that provides flexible credit limits rather than a traditional loan agreement. Applicants can apply for a credit limit up to a maximum of £1000, capped at £500 for new customers. It works similarly to other credit limit facilities such as an overdraft, where customers can borrow within the limit.

Rather than a set repayment amount, a minimum monthly repayment is required, just like with a credit card. This is taken either automatically from your bank account or manually. This works by allowing read-only access of your bank account balance to Safety Net. Customers can opt-in for smart top-ups, where Safety Net will automatically transfer funds based on their bank balance too.

Whilst having a flexible credit limit means you can borrow as and when you need to, only when the minimum repayments are made, it will take much longer to repay the debt. At QuidMarket, rather than provide a flexible credit line, we can help those who need funds quickly with a simple to repay cash loan.

Choose your repayment and loan amount before applying, and once approved and paid out, all you have to do is maintain the agreed repayments. Our loans like Safety Net Credit will not require access to view your bank account balance, so you won’t have to worry about us monitoring and transferring funds separate to the agreed repayments. If you want to keep your short term borrowing simple, click apply now.

Choosing Alternative Loans Like Safety Net

As a line of credit may not be suitable for your circumstances, an affordable loan through us may be a better option. If you do not need ongoing, revolving credit, which is a feature of loans like Safety Net Credit, a short term instalment loan can help you settle a one-off emergency expense. Particularly if you are short on funds or savings between now and your next salary date to resolve this, we can help today.

  • 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
  • QuidMarket is an FCA Authorised responsible lender
  • No hidden fees, transparent terms
  • No guarantor required to apply
  • Bad credit applicants welcome
  • We are direct lenders in the UK – no broker fees!
  • Quick and easy application form
  • Decisions made by humans, not computers
  • Receive the cash the same day as approval where possible

*Loan amounts and repayment terms are dependent on affordability checks

Applying for a QuidMarket Loan

To apply today for a 3 to 6 month loan, you will need to ensure you meet the following requirements first. If successful, you could receive the funds the same day to use in your bank account.

• Live in the UK
• Be over 23 years old, and under 65 years old
• Have a mobile phone (we send an SMS code during your application)
• Hold a UK bank account with a valid debit card (you will need to have 1p in your account for us to verify your card. This will show as a pending transaction of £0.01, but you will not be debited.)
• Be in employment and take home at least £1,300 a month.

We do not provide guaranteed loans, however, we will always look to help applicants where we can. This includes if you are someone with a poor credit history as long as you can meet the above requirements and have proven affordability. All applicants are subject to credit and affordability checks before approval, so if you are in current financial difficulties, we will not be able to proceed with the loan. If you are struggling with financial hardship, visit Money Helper for helpful advice and information.

Flexible Credit vs Flexible Loans

A flexible QuidMarket loan and a Safety Net flexible credit limit have their differences. Whereas a credit limit allows you to borrow whenever you need it, a short term loan provides more structure. You could potentially hold on to a line of credit for many years, using it whenever you are short on funds. However, this could mean normalising debt and you could easily lose track of how much this is costing you overall.

A direct loan through us will instead provide a clear structure on how much you are borrowing and how long your repayment period will be. If you only want to borrow a small sum over 3 months, you can do so and once repaid, the loan is finished. You can then choose to borrow again in future with us and apply for up to £1,500.

There are no minimum repayments, and we will only take payment through a Continuous Payment Authority (CPA) on the agreed dates. If the idea of linking your bank account to a line of credit is not for you, an easy loan through us is far less confusing and much simpler to maintain.

Ready to apply today? Just choose the amount and repayment term you want, click apply now and start your short online application. If you have any questions about our loans like Safety Net Credit, please contact us.

As a new customer, you can choose to borrow between £300 – £600 at QuidMarket. Our loans like Safety Net provide a simpler approach to borrowing, compared to an agreed credit limit of up to £500 for new customers at Safety Net. Once you have repaid a loan with us, you can apply for up to £1,500 if you ever need a short term credit option again. This will be subject to credit and affordability checks.

Yes, our loan options can be ideal for those with a bad credit history, even if you have been declined elsewhere recently. This is because we focus on what you can afford towards repayments. As responsible lenders, we will perform credit checks to ensure you are not in current financial difficulties. If our team of underwriters can determine the loan you want is affordable and you can maintain repayments, you could be successful with your application.

We use a Continuous Payment Authority (CPA) to automatically take repayments on the agreed dates in your credit agreement. Unlike Safety Net, this does not mean we will transfer funds in addition to this. As you will need to link your bank account to your line of credit with Safety Net, this means your banking activity can be checked and top-up payments can be transferred automatically. At QuidMarket, we do not do this.

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: www.moneyhelper.org.uk