Because Quick Loans is so different from other loan providers, we thought we would put together a page dedicated to those questions that get asked most often.

1) How much can I borrow from Quick Loans?

You can borrow anything from £150 to £1000 through this site.

2) What is the maximum length of time I can have until repayment is due.

Most people will borrow up until their next payday, the maximum time we allow for full repayment is 45 days.

3) Why do I have to pay the £4.50 fee upfront for a credit check?

This is simply due to the amount of applications we go through per day, we need to perform credit checks to give the lenders as much information possible to base their lending decision and rates upon. The credit checks also serve as a deterrent for people supplying fraudulent applications. The other reason is that we satisfy that the applicant has a valid debit card in their name and at the applicants address.

We hope that applicants who submit their application in good faith are not scared off by the credit check. Our lenders are aware of the potential credit history of our applicants and price their loans accordingly. Lenders do not get to see the identifying details of applicants unless the applicants default on the repayment terms of the loan. At that point the details will be given for them to legally recover their losses through the civil courts.

If you wish in the future to borrow from Quick Loans again, you will not need to pay for another credit check.

4) How fast can I get a Quick Loan?

We try to be as fast as possible in verifying all the details you have given and once that has been done we would expect that most applications could be completed and settle in less than 24 hours. Of course ultimately the speed of an agreement depends if the lenders are online and willing to lend to you.

5) Why are the rates so high?

The rates reflect the risk that our lenders rate the general subprime borrowers to pose. Whilst there are cheaper options out there for prime borrowers with A+ credit ratings, the interest rates of loans with quick loans compare very favourably to other payday loan companies.

Also remember that if you wish to borrow £1000 from a a mainstream bank, you usually have to pay one months' interest if you wish to repay the loan early. So if you take into account that this does not apply with loans here, the loans work out much closer than prime lenders will have you believe.

The rates on Quick Loans are advertised are in APR's (due to UK Law), this does not reflect payday lending in a favourable light. This is because payday loan terms are over a much much shorter period of time, usually 1 month.