All The Lenders - Independent Loan Comparison

Trusted Quid

Calculate Your Loan Cost:

Choose the loan type you require then adjust the sliders to calculate the cost of your loan.

Representative Example

Representative Example: Borrow £300 for 6 months. The total charge for credit is £219.57 comprising interest only. Interest is set at a daily rate of 0.78% per day per £100 borrowed for the term of the loan (a rate of 284% per annum). The Total Repayable is £519.47. Representative 1212.95% APR.
Total Repayable

IMPORTANT INFORMATION:

You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Read more about How Our Comparisons Work

Lender Overview

Trusted Quid Loans

Trusted Quid are online loan lenders that have been lending since 2011. They offer short term payday and instalment loans of between £250 and £1500 over a maximum period of 6 months. New customers are eligible for up to £500 on their first loan. Customers that successfully repay their loan with Trusted Quid will be sent a reward card which will give you access to a range of online and in store savings. A welcome letter will be sent with the card detailing how to access the reward site.

When can I get my loan?

Trusted Quid fund their loans from Monday to Friday and if your loan is approved before 5:00pm they will send the money to your account via Faster Payments free of charge the same day. Loans are typically funded once per day around 5pm.

How do I repay my loan?

Trusted Quid will collect the agreed loan repayments via Direct Debit from the same account the loan was paid in to. They will send you statements 10 days before your due date advising you of the repayment amount.

What happens if I can't pay my loan on time?

If a direct debit payment is declined by your bank, they will attempt to collect the payment from your debit card no sooner than 3 working days after the payment was declined. Please be aware, if your bank rejects a direct debit payment you make be subject to additional charges from your bank. If you think that you may not be able to meet an agreed repayment, you should contact Trusted Quid immediately on 0191 450 0015 and they will work with you to come to an affordable repayment plan.

Application Criteria

  • You must be at least 18 years of age to apply
  • You must be in permanent employment (no temporary, benefits, contract or self employed applicants)
  • You must earn at least £1000 per month
  • You must be a UK citizen with a UK bank account and valid debit card

How is this lender regulated?

  • Trusted Quid are authorised and regulated by the Financial Conduct Authority
  • Members of the BCCA

WARNING:

Late repayment can cause you serious money problems. For help, go to The Money Advice Service
Trusted Quid
01914500015