Keeping How We Work Easy To Understand
Our customers don't want things to be complicated. We've slimmed down the whole process, no paperwork, just apply and get your money sent direct to your UK bank account.
Representative Example: Amount of credit: £1500 for 11 months at £169.69 per month. Total repayment of £1866.59. Interest: £366.59 Interest rate: 46% pa (fixed). APR rates range from 22.3% APR to 112.5%. Credit broker not a lender. Warning: Late repayment can cause you serious money problems. For help visit Money Helper
How It Works
Trying to Keep Things Simple
Just 1 Small Step For You - Then We Do All The Work
There is nothing complicated about QuickLoans. Here we breakdown the process into 4 short steps. Start to finish in 4 minutes.
All you have to do is apply using our Quick Application Form. Completing it will take only a few minutes of your time. You won't need any documents to hand.
Complete The Application Form
We have tried to keep the number of questions down to an absolute minimum. The questions are very basic, we do ask some about your monthly incomings and outgoings. This is common now when apply for a loan.
Wait For The Decision
It takes us a maximum of 2 minutes to get you a definitive answer from all of the lenders on our panel. Everyone we work with provides a clear accepted or declined. We will do all the hard work here, no need to lift a finger.
Receive Your Decision
Ok, the decision is here. You will either have your application accepted or declined. If it is accepted, you'll be presented with the rates and terms of the loan. At this point you can decide whether or not you wish to continue with the offer. If you are not happy, you don't need to go any further. Close your web page and walk away.
Get Your Cash
So you've been accepted, you are ok with the rates and costs. Now it's about you receving your cash. As a security precaution, you will receive a text message to your phone. Return the code and you are good to go. From this point, the money is normally with you within 15 - 30 minutes.
Moving Forward
Once you have taken out the loan, you will receive detailed instructions on how to make your repayments. Repayments are straightforward and can be made either via Direct Debit or Continuous Card Authority (CCA).
Direct Debit is typically the preferred method for borrowers with loans requiring multiple repayments, often over a term of six months or longer. Direct Debit arrangements are set up with UK bank accounts, allowing the lender to automatically deduct payments at a specified time each month. This method is backed by the "Direct Debit Guarantee," which provides additional consumer protection and must be adhered to by all lenders using the system.
The Continuous Card Authority (CCA) option is more commonly used for short-term loans with repayment periods of less than three months. CCA allows lenders to debit your debit card at agreed intervals. However, this option does not offer the same level of protection as the Direct Debit system.