QuidMarket

217 reviews

1297% Representative

Will lend between: £300 - £1,000

Over: 3 - 6 Months

Representative example: Borrowing £500 over 5 months, repaying £173.41 monthly, total amount repayable £867.05. Total cost of credit £367.05. Representative APR at 1297% with an interest rate of 292% (fixed) per year.

The quickest way to find the best loan.

Compare UK direct lenders that have accepted you.

  • Fill in one quick and simple form.
  • Loans for all purposes.
  • Bad credit history accepted.
Get accepted

Representative 49.9% APR.

QuidMarket customer reviews.

217 reviews

4.7 out of 5 stars

Our review of QuidMarket

QuidMarket’s representative APR is relatively standard for the high-cost short-term market. In regards to the product QuidMarket offer; they do not charge any fees, they have an online account system to manage your loan repayments and they allow for early repayments. Their loan terms range from three to six months which gives customers the flexibility and forewarning to budget, rather than having to settle the loan all in one go. Nonetheless QuidMarket will still ensure that you can afford to pay back the loan, and part of the criteria is that you earn at least £1,000 per month.

Something that QuidMarket do, which some can find intrusive, is that they will contact your employer to confirm the details that you provided during the application. They can’t provide any information that you haven't given them, it will just be to verify your employment. Even so, this could put some applicants off if they don’t like discussing their business with colleagues.

As with any high-cost short-term product the usual warning applies. If you have any doubt whether you can afford to repay your loan on time and in full, then don’t apply.

Overall verdict: If you’re considering a payday type product then QuidMarket are one of the more consumer-focused lenders out there. They are transparent and their price is on par with the rest of the market but as with any high-cost short-term product, approach with caution.  

Written by: Alex

Highlights

  • Repayments can be made over 6 months
  • No upfront fees
  • No charge if you’re unsuccessful with the loan
  • Same day payout

Minimum criteria

  • You must be between 23 and 65
  • You need to have a valid debit card and Direct Debit facility
  • You must be employed
  • You should have take-home pay of at least £1,000 per month
  • You need to have a mobile phone
  • You must live in the UK

Fees

  • Maximum APR 1297%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

QuidMarket Customer Question & Answers

Have a question for QuidMarket?
Ask the first question

About QuidMarket

QuidMarket offer high-cost short-term loans between £300 and £1000 that can be repaid over three to six months at a representative APR of 1297%. 

The application is completed online and you will need to provide details of your financial circumstances as well as your employment details – QuidMarket will need this as they will contact your employer during the underwriting process to confirm the application. You’ll receive your loan agreement via email, so be sure to read it and confirm electronically when you are happy with the loan amount and terms. Once QuidMarket have received this, you can then receive your loan the same day as long as the confirmation was within their working hours.

Company information

Registration number: 07259223

www.quidmarketloans.com

0115 8456434

Foxhall Business Centre, Foxhall Road, Nottingham, NG7 6LH

FCA registration

Reference No: 677995

Trading names: Quid Market

Place of business: Foxhall Business Centre, Foxhall Road, Nottingham, NG7 6LH

Data protection registration

Registration No: Z2501836

Data controller: Stagemount Ltd

Address: Foxhall Business Centre, Foxhall Road, Nottingham, NG7 6LH

Apply Now
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk