Instant Payday Loans (UK)

To apply now, please go to: APPLY HERE (30 day loan) or APPLY HERE (Instalment loan)

 

Instant Payday Loans (UK) 7 Questions answered. 

Q1: Where can I get an Instant Payday Loan? 
Q2: How quickly can I get an Instant Payday Loan? 
Q3: How much will an Instant Payday Loan cost me? 
Q4: Will I need a Guarantor for my Payday Loan? 
Q5: How do I qualify for an Instant Payday Loan? 
Q6: Will there be a credit check for my Instant Payday Loan? 
Q7: Could I improve my credit score with a Payday Loan? 

 

Where can I get an Instant Payday Loan?
You can get your loan from us directly or via one of our approved Partners.
When you apply with The Quick Loan Shop Ltd you are applying with a fully licensed Direct Lender
As such, we can fund your application directly should you qualify.

However, if you do not qualify, your application is not wasted because we will immediately contact our trusted Partners and do our very best to secure your loan with one of them.

 

How quickly can I get an Instant Payday Loan?
Once you have submitted your application our automated review algorithms kick in and review what you have completed against public record data such as your address etc. This happens in literally a few seconds.
After that, if passed, your Application is forwarded to our Underwriter Team who then do 'soft' search checks and calculate your loan vs affordability.

If our Underwriters have any questions, they will contact you but generally, they have all the information that they require. Should there be no hiccups, you can be approved in less than 15 minutes.

 

How much will an Instant Payday Loan cost me?
All our loans are subject to a 0.8% per day interest rate.
For example: a £100 loan over one calendar month would attract interest of £24.
The total amount payable in this example would be £124.
Further reading can be found here: How It Works

 

Will I need a Guarantor for my Payday loan?
No, you will not require a Guarantor for any of the loans that we offer. All our loans are personal loans with no collateral or Guarantor needed. 

 

How do I qualify for an Instant Payday Loan?
There are a few 'tests' that you need to pass in order to qualify for a loan.
1. You must be over 18 years of age.
2. Your place of residence must be in the United Kingdom.
3. You must have a Bank Account.
4. Full or Part-time Employment.
If you pass all of the above you can apply for a loan since you would meet the basic qualifications required. A bad credit history is no problem however you will have to demonstrate that your personal financial management has turned over a new leaf and that you would be able to meet your commitments to repay the loan plus interest.
For further answers please refer to: Common Questions Answered

 

Will there be a credit check for my Instant Payday Loan? 
A question often asked is whether any credit checks that leave a footprint will be conducted. The answer is not by us. We do not perform any credit checks with Experian, Equifax or any of the Agencies. Instead, we have our own proprietary method of assessing an application's creditworthiness merits.

 

Could I improve my credit score with a Payday loan? 
The short answer is yes, you could. The reason is fairly straight-forward, if you repay any loan you take out, it is shown as a positive on your credit-rating. Just as not repaying or defaulting is recorded as a negative score, the opposite is true when you successfully manage your loan repayments. 

If you have any questions, anything at all, please Contact Us. 

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