MobileQuid is proud to offer our customers access to one of the UK's largest short-term lender panels. Through our site you can apply for loans from £100 to £5000.

What is the average APR?

Annual Percentage Rate (APR) is the rate of the total charge for credit including fees and interest based costs. The Representative APR on your loan will vary by lender. Refer to the APR example at the bottom of the page for more information.

How is the loan deposited and repaid?

Funds are automatically deposited into your bank account upon approval, actual time depends on your bank and what day/time your application was made but many lenders can deposit around the clock. When it's time to repay the loan, the loan amount plus interest and any applicable fees will be deducted at one time on the loan repayment date you agree upon with the lender. This amount will be deducted from your debit card associated with the bank account the loan was deposited into so please be sure that you provide accurate debit card details and inform your lender if there have been any changes with your debit card/bank account.

What if I want to renew or extend my loan?

It is best to ask your lender about their renewal policies before you sign the loan agreement as each lender operates differently and some will allow for renewals/extensions while others will not. Many lenders will charge extra fees and interest when you renew a loan past the original agreed term so please read through your loan agreement and ask any questions you may have before signing anything. Renewing or extending your loan will be more expensive for you.

What if I can't pay back the loan on time?

You must inform your lender as soon as possible so they can work with you on a new repayment date or payment plan but please know that extending your loan or setting up a payment plan will usually cost you extra fees and interest, the amount of these fees and interest vary by lender. Please do not to borrow more than you think you can pay back and always inform your lender of any changes of your bank details or financial situation. Always get in touch with your lender as soon as you know you are not going to be able to make the repayment as to not accrue additional fees and interest on your loan.

And if I don't pay back the loan?

MobileQuid works with lenders who report to Credit Reference Agencies (CRAs) in the event of default/non-payment. When non-payment is reported to a CRA it will have a negative impact on your credit score and the lender may charge you collection fees (variable) and interest on the balance outstanding at the interest rate payable under your loan agreement. Additionally, many lenders may charge you for any reasonable expenses and costs incurred while trying to enforce the agreement.

The good news is that paying your loan back on time may have a positive impact on your credit score. Always be sure you understand the terms and conditions of your loan before signing a loan agreement, once signed by both lender and borrower it becomes a legally enforceable agreement.

Warning: Late repayment can cause you serious money problems. For help, go to

MobileQuid is not a lender but is a licensed credit brokerage business.