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Finance Charge   

Your loan's finance charge will be between £10 to £14.75 per £50 borrowed per pay period You may choose to repay your loan over 1 or 2 pay periods New customers can get up to £1000,† existing customers can get up to £1500†

To determine your finance charge, QuickQuid uses 3 rate tiers: Excellent, Good or Average.

Your qualifying tier is determined by QuickQuid (at its absolute discretion) through various factors including, but not limited to, your credit history, employment history and loan repayment history.

Existing customers can improve their tier after building their loan repayment history with us.

See the tables below for examples of these tiers.

One-Period Loan The loan is repaid after 1 pay period. The finance charge and the full loan principal is due on your next pay date.

Rate Loan Amount Finance Charge1 Total Amount Paid to QuickQuid APR2 Tier £10.00 £60.00 819.12% Excellent £50.00 £12.50 £62.50 1410.33% Good £50.00 £14.75 £64.75 2222.46% Average £50.00 You can pre-pay your loan and only owe us the finance charges till the date of prepayment.

Two-Period Loan The loan is repaid over 2 pay periods. A finance charge is due on your next pay date. A finance charge and the full loan principal is due on your following pay date.

Rate Loan Finance Due Next Tier Amount Charge1 Pay Date £10.00 £10.00 Excellent £50.00 £12.50 £12.50 Good £50.00 £14.75 £14.75 Average £50.00

Due Following Pay Date £60.00 £62.50 £64.75

Total Amount APR3 Paid to QuickQuid £70.00 819.12% £75.00 1410.33% £79.50 2222.46%

You can pre-pay your loan and only owe us the finance charges till the date of prepayment.

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Listed finance charges include any applicable taxes and bank delivery charges. Note that we may update the finance charges on our website from time to time. The finance charge that applies to you will be set out in your loan agreement and will apply for the term of your loan agreement.

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Based on a 30-day period loan term.

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Based on a 60-day period loan term.

Extensions Extensions should not be used as a long-term financial solution. Extensions are not automatically granted, and we will consider your extension request based on the information you provide and your current financial situation. If you have a one-period loan and are eligible to apply for an extension, you can log into your account and select the "Get More Time" button or call our Customer Service team. By extending your loan, you will incur additional finance charges. You will only owe a finance charge on your original due date, which is typically your next pay date. (However, we suggest you pay as much of your principal as possible on your next pay date to reduce further charges.) The principal of your existing loan will then be 'rolled over' into a new loan. You will pay the loan amount and finance charge of this new loan on your following due date, which is typically your following pay date. Extensions, partial payment and early payoff requests must be received by 17:00, at least three working days prior to your due date. For more information on extensions, visit our FAQ page.

Transparency and Minimal Fees QuickQuid payday loan terms are transparent and contain absolutely no hidden fees. While other lenders may charge extra fees that increase short-term loan costs, QuickQuid charges:     

NO application fee NO fast funding fee NO monthly account maintenance fees NO collection fees NO post default interest

QuickQuid payday loans only require a flat finance charge when you pay by your due date.

Customers that pay late do incur a default fee of £12, one of the lowest in the industry. Your bank may also charge a Non-Sufficient Fund (NSF) fee if we debit your bank account and you have insufficient funds. All charges are clearly defined and presented to every customer prior to signing the payday loan agreement. These practices affirm our commitment to transparent lending.

How We Compare with Our Competitors Payday lending best practices followed by most lenders include No Account Management Fees and No Application Fees. Adhering to QuickQuid’s commitment to providing clear rates and terms, below is a comparison table, which uses a £100 loan to compare QuickQuid’s fees to competitor’s fees.

QuickQuid Competitor a Competitor b £20 - £30 Finance Charge (per £100 ) £20 - £29.50 £36.72 Free £5.50 Not available Fast Funding Fee 1

QuickQuid Competitor a Competitor b £12 £25 £12 Missed Payment Fee Yes Yes Interest on Past Due Balances No 2

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Based on 30-day loan period Fees charged for non-payment by due date Updated as of 7 January 2011 2

Governing Law The loan agreement will be governed by the Consumer Credit Act of 1974 and all other applicable laws of England and Wales.

Terms and Conditions apply. All loans are subject to status and affordability checks prior to approval. All applicants must be 18 or over. Finance charge will be between £10 and £14.75 per £50 borrowed. Representative 1734% APR. Representative example: Borrow £200 for 28 days. The total charge for credit is £50. Interest is fixed at a rate of £50 per £200 loan (326% per annum). The Total Repayable is £250. †Loan amounts are based on consumer's credit history and ability to repay loan in accordance with QuickQuid's affordability policy. Not everyone may qualify for £1500. Maximum of £1000 for first time customers. §This timer is for illustrative purposes only and is not intended to represent when the funds will be deposited into your account. The timer corresponds to the next available funding start time, which could be your actual funding start time depending on when your loan is approved.

Once approved, funds will be sent to your account within 10 minutes. If your bank does not support Faster Payments, funds will only be deposited the same day, if approved by 14:30.

Learn more. ¶Approval may take up to 30 minutes in most cases. QuickQuid performs traditional credit checks and verifies applicant information via various national databases.

Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counselling.

QuickQuid is the trading name of CashEuroNetUK, LLC. CashEuroNetUK, LLC is a Limited Liability Company incorporated in the United States. Head Office: 200 W. Jackson Blvd., 14th Floor, Chicago, IL USA. Correspondence Address: 483 Green Lanes, London, N13 4BS. Consumer Credit Licence #: 603395

How It Works QuickQuid is dedicated to offering the fastest and most hassle-free lending available. Our simple loan process is designed to get you the money you need, when you need it most.

Here’s how it works: 1. Apply Apply online with our easy application 2. Approved Receive quick approval¶ 3. Funded Cash sent to your bank account within 10 minutes of approval, 24/7§

Funding Schedule Depending on your bank and our approval process, most customers will have funds sent within 10 minutes of approval.§ And, there's no extra cost for this fast funding service! You can even get money on weekends and bank holidays — that's 24 hours a day, 7 days a week!§ Learn more.

Loan Requirements You must satisfy the following requirements to receive a payday loan from QuickQuid:    

Must have a valid UK bank account that can receive direct debit Must be at least 18 years of age Must be employed and receive a regular paycheque or salary Must be a resident of the United Kingdom

FAQ Five most popular How it Works questions.

Expand All | Collapse All How much money can I receive?

When will I receive my loan?

How do I pay my loan in full on the first payment date?

How do I extend or pay my loan later?

What are my repayment options?

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Home How It Works Rates & Terms About Us Testimonials FAQ Videos Contact Us

Who We Are QuickQuid is the premier online provider of cash advances sent within 10 minutes of approval§ in the United Kingdom. Our fast, convenient services have helped thousands of Britons bridge the gap between paydays from the comfort and privacy of home.

QuickQuid provides you with the peace of mind you can only get from a fully licensed lender.  

Consumer Credit Licence #603395/1 under the Consumer Credit Act 1974 Information Commissioner's Office registration #Z9919587 in compliance with the Data Protection Act of 1998

What We Do QuickQuid provides fast and convenient online cash advance services to customers all across the United Kingdom. Discover why our hassle-free online loans have made QuickQuid Britain's trusted online lender.    

10-Minute Money§ Funds sent to your bank account within 10 minutes of approval. Available 24/7 — on weekends and bank holidays!

Quick Approval¶ Apply and receive quick approval for up to £1500†.

Easy Online Application Apply online from the comfort and privacy of home.

Customer Rewards Save up to 15% on every loan with our Preferred Member Programme.

Our Commitment to Responsible Lending QuickQuid has strictly adhered to responsible lending practices since its launch in 2007. But what does that really mean? Below is a list of rights that you as a consumer have the power to demand from QuickQuid or any other lender.

You have the right to…

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Access reliable and licensed credit. We run full consumer credit history checks and a proprietary credit scoring model that assesses your ability to repay. We also review select loan applications manually in order to ensure a proper credit decision.

Know how much your loan will cost before you apply. We provide clear and easy to find Rates and Terms along with the ability to view the total cost of your loan before you ever sign the contract.

Know that you won’t pay more than you should. We never charge hidden fees.

What you see is what you get. Only a flat finance charge is owed for the services provided.

Know that you are protected. We always maintain our Consumer Credit License #603395/1 under the Consumer Credit Act 1974 and follow all UK lending rules and regulations.

Change your mind. We allow 24 hours to withdraw your loan at no cost.

Know that you’re working with a trustworthy lender. We stand by only the highest lending standards as members of the Consumer Finance Association (CFA).

Learn how CFA membership helps you.

CashEuroNet UK, LLC trades as QuickQuid and holds a consumer credit licence with the Office of Fair Trading.

Understanding APR Our QuickQuid site displays Representative 1734% APR for our short-term loans, and many of our customers ask us what it means.

We know why you are asking, as APR may not make complete sense for our short-term payday loans. Below we’ll try to clarify APR for you by defining it, explaining why we provide it and showing an example of how APR would apply to other short-term services.

What is APR? Annual percentage rate (APR) represents the interest and fees used to repay a loan, calculated on an annualised basis. Based on the UK Consumer Credit Act of 1974, APR must be disclosed for all regulated loans prior to the credit application being finalised. The APR calculation includes factors such as:     

Interest rate Length of the loan agreement Frequency of payments and amount of each payment Same-day funding fees Certain fees associated with the loan1

But, the APR may not include all loan costs — for example, fees for late or missed payments or recovery fees.

Confused?

You are not alone! In June 2010, an OFT report stated: 

“Many consumers find APRs a confusing measure of cost and find the total repayment amount a simpler and more understandable measure.”3

And perhaps even more direct: 

“APR is not the most suitable method to use to control prices of credit.”3

Just imagine if annual rates were used in everyday life...

Total Cost of Credit — Less Confusing for Short-Term Loans Your loan is for a set duration with fixed finance charges between £10 and £14.75 per £50 borrowed. There are no extra charges or hidden fees.

Depending on your rate tier, here is what you would pay for a 30-day QuickQuid loan:

We Hope This Has Helped APR can be a confusing way to explain the cost of a 30-day loan, especially since APR is meant to describe the cost of a loan borrowed over an entire year. Remember, UK law requires us to list the APR simply for the fact that it’s a financial product. So when you see our APR and cringe at the number of digits, remember that though the APR listed is high, the actual cost of a cash advance isn’t so high, and probably cheaper than the alternatives, like overdrawing your current account.

1. “A Better Deal For Consumers”, Department for Business Innovation & Skills, December 2009, p. 31.

2. “Credit charges and APR”, Office of Fair Trading, May 2001, p. 9.

3. “Personal current accounts in the UK”, Office of Fair Trading, July 2008, Annexe C, p.21.