HOW IT WORKS

Nothing could be simpler than obtaining a loan from Quidie.

There are just five easy steps and, once we approve your loan, it is generally only a matter of minutes before the money gets to your account.

 

STEP 1 – COMPLETE THE APPLICATION FORM

We need to get to know you better before we can consider your application. To do that, we ask you a series of questions so that we can assess whether we can offer you a loan.

 

STEP 2 – CREDIT AND AFFORDABILITY CHECKS

We use your information and information from credit reference agencies to automatically assess your creditworthiness and your ability to repay the loan. This happens in only seconds and we will let you know straight away if we cannot offer you a loan at that time.

 

STEP 3 – E-SIGNATURE

If you pass our automated checks we will present you with some electronic documents containing important information about your loan. It is essential you read through these documents from the beginning to the end. If you have any questions during this process, please feel free to contact us at any point using the contact details found here.

You will be asked to agree to the documents and to provide your electronic signature. This is a legally binding signature and has the same effect as if you had signed the agreement in your own handwriting.

 

STEP 4 – FINAL CHECKS

Depending on the answers you have given us we may then perform a final, manual affordability assessment before agreeing to provide you with a loan. We will inform you via email whether you are successful or not as soon as the decision has been made. If you want to check the status of your application at any point you can always contact us using any of the details found here.

We aim to answer all applications promptly but sometimes, it may not be possible to do so, especially if you are applying outside of our normal opening hours. It will never take any longer than 24 hours to process your application. Please feel free to check the status of your application on 020 3476 5171.

 

STEP 5 – MONEY IN YOUR BANK!

If you are successful, we will deposit the money straight into your bank account. This should happen within 15 minutes of us sending you an email stating your application has been approved.

We instruct our bank to do this within 15 minutes of us sending you an email stating your application has been approved. It may take longer for the payment to be processed and then received by your bank.

Representative example

Amount of credit: £300 over 3 months. Interest: £92.85. Interest rate: 180% pa – fixed. Three repayments of £130.95. Total amount payable: £392.85. Representative APR 447.50%. Compare Us