Frequently Asked Questions

To go straight to our application page please click here: Apply Now

Common Questions About Our Short Term and Payday Loans Answered:

Are you the best Payday Lender in the UK?

Yes! Well, we like to believe so. As per our Responsible Lending commitments to you, we are online cash lenders and we will guarantee you will not get into financial hardship due to a loan we have provided to you.

Do you accept Bad Credit Payday Loans applicants?

Poor or bad credit history is accepted; our main criteria is that you can demonstrate your ability to repay the loan plus interest.

Do you have any Credit Checks?

No external Payday Loan or Short Term Loan credit checks are performed when applying with us. We perform soft credit checks only for our cash loans. We look at your recent credit activity and make our own judgement as to whether you can afford to take out a loan with us and not find yourself in a cycle of debt or be in any way negatively affected due to our funding you a loan.

A Payday Loan from us is instant upon the completion of the approval process so as to deliver on our same day payday loan promise and we stand by our 100% record that we guarantee your payday loan will not adversely affect you financially. We take full responsibility for lending to you. 

Is a payday loan direct lender?

Yes, we are one of the better payday loan direct Lenders in the market. We are also a Broker too; but we do not charge for this Service, it is free. 

What are the criteria for applying?

You can apply for a cash loan as long as you:

  1. Are at least 18 years old.
  2. Live in the United Kingdom.
  3. Work in the United Kingdom.
  4. Have a Bank Account in the United Kingdom.

You do not need to be a homeowner, as payday loans are unsecured. However owning your own home will greatly assist you in gaining approval.

When will I receive the cash loan?

Should your application be approved, we aim to have the funds in your account between 1 hour and 24 hours after being accepted. The vast majority of our customers receive their money the same day and many within 15 minutes of our Bank issuing the funds.

How much can I borrow?

For Payday Loans you can borrow anywhere from £100 to £500 depending on your personal circumstances. Money can be in your account today!

You Borrow You Payback
£100 £124
£200 £248
£300 £372
£400 £496
£500 £620

We also offer 3 month to 12 month cash loans. Please refer to our Slider on the Home Page to see how much your loan will cost you.

Why is the APR so high?

Annual Percentage Rate or APR is a common method for comparing finance that is lent over a period of 12 months or more but a Payday loan is set at a period of 1 month and therefore can be misleading for comparison purposes.

Are there any charges or fees?

We are one of the more affordable online cash lenders. There are NO charges for applying, and even if your application is approved, you will be under no obligations unless you accept a loan offer. The interest is fixed at 0.8% per day which equates to £24 for each £100 you borrow. Please make sure you read your loan offer carefully if you are approved. The Representative APR is 1296.7 % (variable rate) for Short-Term loans with

Can I apply over the phone?

No, all applications for cash loans have to be completed online. If you do have any questions however, please do contact us via

How do I pay back the loan?

Payment is made by you directly to our Bank Account and is within 30 days (your next Pay Day). If you are offered a loan, the date will be agreed then – it’s usually arranged to be on your next pay day but can of course be sooner which will mean a less costly loan. We do not use the Continuous Payment Authority and prefer you to be in control of your loan with us at all times.

What can I use the cash loan for?

Short term loans are typical used for emergency and other unforeseen bills.

Do you contact my employer?

In some cases we may wish to verify your employment. In the event that we do contact your Employer, we will not discuss any details of the loan application, and your employer will not be told the reason for the call should it occur.

Do you accept people with a poor credit history?

All applications for our cash loans which meet the basic criteria will be considered. 

Do you offer a Broker Service too?

If we cannot fund a cash loan for you ourselves, we provide a free - yes, 100% free - Broker service too. In the event that we decline your application, we try and find funding for you elsewhere by presenting your application to our trusted Affiliates. You will have the opportunity to opt out of this during the Application process by not agreeing to our Terms & Conditions however it is free and saves you filling in Forms elsewhere again. Please note that we may accept a commission from an alternative Lender that does wish to fund your loan. This does not cost you anything and is simply our way of providing the best service we can to you as a thank you for applying to us for your loan. 

Do we offer 'Auto Decisioning'? 

Auto Decisioning allows Lenders to make a decision on your loan application without human interaction. At The Quick Loan Shop Ltd, we do not rely upon Auto Decisioning however as part of our Broker Service, please note that our Affiliate Partner Lenders may do so. Please read their Privacy Policies to learn about how they process your information. 

Representative APR 1269.7%

Representative Example
  • Borrow £100 for 30 days
  • Amount repayable: £124
  • Interest £24
  • Interest rate: 292% p.a. (fixed)
  • APR: 1269.7% (variable)