A pay monthly loan can be a convenient way to spread the costs of borrowing. Rather than having to pay on your next salary date like a payday loan, at QuidMarket you can choose to repay between 3 – 6 months and have flexible, affordable monthly instalments.

We’re a direct lender of short term loans, providing customers who are experiencing a short term financial emergency the funds they need to resolve it. Choose the loan amount you need up to £600 as a new customer, adjust the repayments you can afford, and apply for pay monthly loans 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
  • Bad credit histories welcome
  • QuidMarket is an FCA Authorised UK lender
  • No hidden fees
  • No guarantor or collateral needed
  • Same day cash transfer wherever possible
  • Quick and simple online loan application
  • Decisions made by humans, not computers

*Loan amounts and repayment terms are dependent on affordability checks

Whether you have an urgent car repair to pay for, an old boiler that needs replacement suddenly, or any other type of unexpected expense, we may be able to provide pay monthly loans to help. Click apply now to start your application today, and we’ll assess your affordability fast to provide a quick decision for you.


How much do you need?

£300 £1500

For how long?

Apply Now

Month 1


Month 2


Month 3


Month 4


Month 5


Month 6


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.

What are Pay Monthly Loans?

Pay monthly loans are an affordable way to borrow the money you need and repay through monthly instalments. Unlike a payday loan that requires the full balance to be settled on your next payday, a pay monthly loan provides flexibility. You can spread the total cost of the loan over multiple months, helping to make your repayments smaller. This can be much more convenient than having to settle a loan within a month and helps to alleviate the strain on your finances. There are many types of monthly payment loans available to borrowers depending on their circumstances. Many high-street lenders will offer personal loans for borrowing of £1,000 and more. These usually have a minimum term of 12 monthly repayments and can be spread over many years. This can be ideal for making large purchases of goods and services. However, if you only need a loan in the short term for a few months and for a much smaller amount, they cannot help.

At QuidMarket, we are happy to provide pay monthly loans that are suitable for the short term. You can choose a minimum of 3 months to repay up to a maximum of 6 months. This should provide plenty of time to repay a loan between £300 – £600 for new customers, providing affordable monthly repayments. You can use our loan calculator to see how much this will cost including the interest charge, and adjust the payments as necessary to fit your budget. Our affordable loans will provide the quick cash you need and a convenient way to repay.

Pay a Loan Monthly with Bad Credit

Having a poor credit history can be an obstacle for some looking to borrow money. However, here at QuidMarket, we may be able to help if you have a low credit score. It’s important to have a good level of credit score as it provides you with much more choice when it comes to the types of loans you’re eligible for. Many high street lenders may only be able to help those with a good credit rating, but that’s where we work differently. We’ve helped many customers get approved for pay monthly loans, so when you apply, we will focus on your current finances and whether the loan is affordable for you.

We understand not everyone will have a perfect credit rating, and you may have had a history of arrears, CCJs, or even defaults. If your financial difficulties are in the past, your current finances are healthy, and you can afford the repayments on an instalment loan from us, we may be able to help you. As long as you are not currently declared bankrupt, we’ll assess your application rather than decline you for having a low credit score.

We do not use automated decision making, instead taking a human approach that takes the time to assess your affordability. If we can determine the loan you want is affordable for you and you can sustain the monthly loan repayments, we may be able to help with bad credit loans where possible.

Applying for Pay Monthly Loans at QuidMarket

It’s simple to get started and complete our online application form. If you want a pay monthly loan to cover unexpected expenses, you’ll first need to meet our eligibility requirements.

  • 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
  • Be in employment and take home at least £1,300 a month

Your application will be subject to credit and affordability checks. As we are a Financial Conduct Authority (FCA) authorised lender, we need to ensure a loan up to £1,500 is affordable for you. We work to responsible lending guidelines, so if a loan with us would put you into further financial difficulties, we will have to decline.

If we can approve your loan, we’ll process the transfer of funds to your bank account once the loan agreement has been signed. We may be able to provide same day funds, however, if your bank doesn’t support the Faster Payments System (FPS) or there are any delays with information on your application, you may not receive it until the following working day. We do provide 24/7 loans so that you can apply at any time that suits you, however, any application made outside of our business hours will not process until the next working day.

Choose Monthly Loan Instalments & Apply Today

With a monthly loan repayment providing convenience for customers, at QuidMarket we look forward to helping you resolve a short term financial emergency. Click apply now to begin your application, and we’ll provide a decision in principle quickly.

As we cannot help those in current financial difficulties, please visit Money Helper for further information that may help you. If you have any questions about our pay monthly loans at QuidMarket, please contact us for assistance.

We cannot guarantee a loan will be approved before applying, whether you have good or bad credit. We are a responsible lender and will need to perform credit and affordability checks before approving any monthly payment loans. If you discover lenders offering guaranteed loans, you should carefully consider if they are FCA approved and are working in your best interests. At QuidMarket, we may be able to help those with bad credit histories, so click apply now to start an application.

Yes, if you can afford to settle the loan balance in full, please contact us. Early repayment can be beneficial for you as you will only be charged interest for the days that you have borrowed. We’ll provide you with an early settlement figure and then you can proceed to pay this once agreed.

If you do miss a repayment, we will not charge you a late payment fee. Please contact us at your earliest convenience if you feel you will miss an upcoming repayment. We can then arrange a suitable date with you to repay this. Whilst we do not charge a fee for late payment, it’s important to sustain your pay monthly loans schedule on time to avoid an impact on your credit file or the risk of defaulting on your loan agreement.

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