Short term loans provide support for people who need quick cash for emergencies. These loans are only intended as a last resort and other forms of credit should be sought too. For those in need though, Quidmarket has fast online applications for loans up to £1,500 for applicants in full-time employment.

What is a short term loan for students?

This loan does what it says on the tin. This loan, once approved puts cash into your account quickly, usually on the same day as the application. Tuition fees already are a considerable cost so it can be difficult to cover the rest of your expenses. While some students can get access to funding, long term loans and bursaries, there often isn’t enough for every student. This is where small loans for students can help with emergencies. 

Can students with bad credit apply for short term loans?

At QuidMarket we don’t offer loans for students. However, for people in full-time employment, applying for a loan with us is easy with a transparent application and repayment plan made available to you. This allows you to budget and plan for repayments when you’re in better shape. 

  • Transparent process and application – No catches or hidden information
  • Easy application – All we need are a few details to make sure you qualify and we can get your loan approved
  • No upfront fees – There are no costs to applying for a loan. This process is instant, easy and free

It’s also worth mentioning that you should only loan what you can payback. If you find that you’re having difficulty paying off your debt then please contact your lender. Moneylenders are flexible and understand that times change. We can help arrange a payment plan to keep you in good standing. Like with most things, communication is key.

young person getting a loan approved

Do I need a guarantor?

No. Our service is quick and easy with no guarantors required, flexible repayments (you can even pay weekly) and bad credit is considered. To apply you only need:

  • Residency: UK residents only
  • Age: Over 23 years old, and under 65 years old
  • Mobile phone access: We send a 4 digit SMS code during your application process
  • Valid banking details: You need a UK bank account with a valid debit card (we run a verification check that costs 1p, which is returned to your account immediately)
  • Employment: Be gainfully employed and take home at least £1,100 per month

Once you meet these requirements we can get to work on your application. 

At Quidmarket we’ve been helping people with quick short term loans since 2011. All our loans are manually underwritten to make sure that every application is carefully assessed. Our experienced and friendly underwriting team offer unparalleled service that keeps you informed every step of the way.

Short term loan approval with a handshake

How quickly can I get a loan?

We offer a quick, easy-to-understand application process. Simply use our handy tool to calculate how much you want or can afford. Follow our easy steps and submit all the information required. 

Once you’ve completed this application our team will take all of your details and work on your application. This personal touch means your loan request is considered to ensure you get a loan that you can repay sustainably. QuidMarket is also a regulated FCA direct lender and not a credit broker. This means we are fully compliant work with your interests at heart.

We advise customers that before applying they understand the purpose of a short term loan. Short term loans are an expensive form of credit and are not designed for long-term borrowing. This means there may be cheaper options available. Please only apply for the amount you need and take note of the monthly repayments. 

We’ve been helping hard-working families stay on track and are committed to providing a service that gets you the cash you need as quickly as possible. We are a direct lender and charge no broker fees. We also don’t charge any late payment fees. 

Our application page is fully transparent and shows you exactly how much you will repay each month on your loan. There are no hidden costs or charges. So if you need a loan sooner rather than later try our easy application form and we’ll get you the cash you need to get back on track. 

How much do you need?

£300 £1500

For how long?

Apply Now

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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 £154.37 / Total amount payable: £454.37 in 3 instalments / 3 payments of £151.46 / Representative 1301% 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.