As an online-only direct lender, QuidMarket offers our customers a first-class service for online loans in the UK that is straightforward, accessible, and sustainably affordable. By operating without physical branches in high streets, we’re able to keep our overheads as low as possible and keep the costs of an online loan down for our customers. We’ve created our website to be as informative as possible, telling you everything you need to know about our online loans. Our aim is to help you make the right choices for your finances.
Once you’re sure we offer the best online loans for you, you can apply online.
QuidMarket’s Best Online Loans
- Borrow an online loan up to £1,500*
- Flexible repayments over up to 6 months
- All levels of credit considered
- QuidMarket is an FCA Authorised responsible lender
- We’re online loan direct lenders with no hidden fees
- No guarantor or collateral needed
- Same day cash transfer wherever possible
- Apply online quickly and easily
- Decisions made by humans, not computers
*dependent on affordability checks
About Our Online Loans in the UK
As online loan direct lenders, we offer short term loans. They are designed to offer hard-working people borrow up to £1,500, dependent on affordability checks, to cover their short term financial needs. We strive to offer the best online loans for each individual customer and assess every application on a case-by-case basis according to what you can sustainably afford.
The main difference between our online loans and one that you would get from a bank or a lender is that the entire process is completed online – however our teams are available to contact should you have any questions.
Save time: There’s no need to travel into the town centre, find somewhere to park your car or wait in a queue to speak to an advisor. Filling out the application form for our online loans takes just a few minutes.
Fast transfer: Once your application has been approved and you’ve digitally signed your loan agreement, we’ll process the payment straight away. We use Faster Payments, and most customers receive the funds in their account within 10 minutes. This might not be possible if your bank or building society does not process Faster Payments, or if they offer reduced hours such as until 1pm on a Saturday.
Email records: You’ll receive all documents related to your loan, including your loan agreement and records of your repayment plan, straight to your email inbox. Not only is going paperless better for the environment, but it means that if you ever want to look over your online loan documents in the future, they can be found easily.
Nationwide service: No matter where you live, or even if you’re away from home our online loans in the UK are available to all residents of the UK. You’ll need to provide us with your address and a valid UK bank account to pay the online loan into.
Is an Online Loan Right for You?
Using technology allows us to offer the best possible service to our customers. However, there is one important part of the process that is always done manually: every single application is manually underwritten. This is what sets us apart from most online payday loan direct lenders. It means that your application will be reviewed by a trained member of our team, which allows us to offer the best online loans to every customer.
If you have a low credit score, you may expect to find it difficult to be approved for online loans in the UK. However, as online loan direct lenders, we are happy to consider all levels of credit and strive to offer the best online loans fairly and transparently. Our underwriters will assess your application based on whether you can sustainably afford the repayments – we think this is a much fairer way of offering online loans in the UK.
As responsible, FCA authorised online loan direct lenders, we carry out the required credit checks thoroughly to ensure that we don’t approve online loans in the UK that could lead customers into further financial difficulties. We are not able to approve every application, but by using affordability-based decision processes means we are confidently able to approve more customers than we could if based on credit score alone.
You’re welcome to fill out our online loan application form if you meet our straightforward eligibility criteria:
- Live in the UK
- 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 (we run a verification check that takes 1p)
- Be in employment and take home at least £1,300 a month
QuidMarket Online Loan Direct Lender: Happy to Help
There are a lot of online payday loan direct lenders operating in the UK, and we want you to be confident in your choice to take out a bad credit loan with QuidMarket. If you have any questions about our online loans in the UK, you might find the answer in our dedicated FAQ page. Alternatively, you can contact QuidMarket and our friendly advisors will be happy to help.
If you’re sure we offer the best online loans for you, you’re welcome to apply online today.