Instant & No Fax Payday Cash Loans Process
Responsible Lending
We understand the worry associated with financial problems. The worst thing that can happen is to slip in to a continuous cycle of debt and with that in mind we pledge to work closely with you during the period of your loan with us. It is important to us that you accurately assess your ability to repay the loan amount within the agreed period when you make your application. Our trained Customer Services Team is always available at the end of the telephone and also online to answer any concerns. We’ll work with you to find a solution if your circumstances should change once your loan has been issued. If you are already experiencing long term debt problems then you should seek the assistance from one of the debt counselling agencies, e.g. The Citizens Advice Bureau (CAB)
The explanation of the Annual Percentage Rate (APR) charged on your loan
APR is dependent on the time period for which the loan is calculated. The APR for one loan with a 30 day loan duration cannot be compared to the APR for another loan with a 20 year loan duration. The APR on your PayDay loan is an annualised rate but for the very short term. Thus the rate should not be considered as comparable to the APR on for example, a mortgage or other long term loan.
Your Speedy Quid PayDay loan is just that – a short term loan, intended to meet a shortfall in your finances until your next pay day. We expect you to be paid monthly and therefore the loan would be over a period of one month, or less.
Because of the short term of this loan the APR is at a markedly higher rate than you expect to see on a secured loan over a period of years. These longer term loans are available through High Street Banks for example and would necessitate you having a current account with the lender.
To qualify for a Speedy Quid loan
- You should be 18 years of age and a United Kingdom resident.
- You must be in full time employment and your salary must be paid each month in to a current account which has debit card facility.
- You will specify a date for the loan repayment and ensure there are funds in your account on this date.
- Your loan application will be simple to make, confidential and approval will be sent within 2 hours.
If you are borrowing for the first time you will pay £30 for each £100 borrowed.
Please note you may not receive the amount requested in your application – this will depend on your results of the validation we undertake.
3 Easy Steps To Your Speedy Quid Loan
- Complete the online application form – providing us with your contact information, employment and bank account details.
- We process your information and give you a preliminary decision immediately. If accepted you will receive an email with a link to your contract.
- YWhen your electronically signed contract is received,we will arrange payment to your specified bank account using a BACS transaction. This can take up to three days to appear in your account. If you require the funds sooner this can be arranged for an additional cost – please contact Customer Services for further information
Loan Process
Instant & No Fax Payday Cash Loans Process
Responsible Lending
We understand the worry associated with financial problems. The worst thing that can happen is to slip in to a continuous cycle of debt and with that in mind we pledge to work closely with you during the period of your loan with us. It is important to us that you accurately assess your ability to repay the loan amount within the agreed period when you make your application. Our trained Customer Services Team is always available at the end of the telephone and also online to answer any concerns. We’ll work with you to find a solution if your circumstances should change once your loan has been issued. If you are already experiencing long term debt problems then you should seek the assistance from one of the debt counselling agencies, e.g. The Citizens Advice Bureau (CAB)
The explanation of the Annual Percentage Rate (APR) charged on your loan
APR is dependent on the time period for which the loan is calculated. The APR for one loan with a 30 day loan duration cannot be compared to the APR for another loan with a 20 year loan duration. The APR on your PayDay loan is an annualised rate but for the very short term. Thus the rate should not be considered as comparable to the APR on for example, a mortgage or other long term loan.
Your Speedy Quid PayDay loan is just that – a short term loan, intended to meet a shortfall in your finances until your next pay day. We expect you to be paid monthly and therefore the loan would be over a period of one month, or less.
Because of the short term of this loan the APR is at a markedly higher rate than you expect to see on a secured loan over a period of years. These longer term loans are available through High Street Banks for example and would necessitate you having a current account with the lender.
To qualify for a Speedy Quid loan
If you are borrowing for the first time you will pay £30 for each £100 borrowed.
Please note you may not receive the amount requested in your application – this will depend on your results of the validation we undertake.
3 Easy Steps To Your Speedy Quid Loan