QuidMarket Loans alternative

QuidMarket Loans Alternative

If you are looking for a safe alternative to QuidMarket loans for your short term or payday loan try us here at LoanPig, or, if you just looking for a short term QuidMarket loan alternative but you’re not sure where to turn? Here at LoanPig, we can provide you with all of the help that you need.

What are the Alternatives?

Doing your research, and looking at all of the different options that you have available can help you to make the right decision. Whether you’re looking for a short term QuidMarket loan or a payday loan you’re simply searching for a range of different options before you make your decision, applying for a loan with LoanPig means you can be sure to find all of the options that you need to make the right decision right here.

How Does LoanPig Work As A QuidMarket Alternative?

LoanPig are a direct short term loan lender and a broker, using a small panel of lenders. This allows us to provide huge levels of flexibility and we have one of the highest acceptance rates on the market.

Due to the saturated market when it comes to short term loans, it can often be difficult to know who to turn to when you’re facing a financial emergency.

LoanPig does all of the hard work for you. All you have to do is use our online loan calculator to choose how much you want to borrow and the length of time in months.

Complete our quick and simple application process and we will match you with a loan that is right for you form our panel of some of the UK’s leading lenders.

How Flexible Are Loans Like QuidMarket?

QuidMarket loans provide flexible options when it comes to how much you want to borrow and your repayment period. Their customers are offered a period of one to three months to pay off the loan which  can be extremely helpful when it comes to emergency loans but you might need longer.

Flexibility is important when it comes to a facing a financial emergency, and that’s why here at LoanPig we offer loans from 1 to 12 months, however you are restricted to between 3 and 6 months at QuidMarket

You can borrow between £300 and £1500 with a loan from QuidMarket whereas LoanPig has a slightly wider borrowing range of £100 – £1500

LoanPig vs. QuidMarket Loans

There are a lot of differences between LoanPig and QuidMarket short term loans. The major difference is that QuidMarket are a direct lender, whereas LoanPig are a direct lender as well as a broker, which gives you the best of both worlds when looking for that short term funding you need. However, we are both approved and regulated by the Financial Conduct Authority, meaning we are safe and reliable lenders.

Another major difference is that QuidMarket is not a payday lender, their minimum payback period is 3 months

Payday Loan APR

Because we also use a panel of lenders, all of whom operate with different levels of APR, we provide a representative APR example on our online loan calculator. This Representative APR can range from 200% to  1261%, a competitive market rate, which is what you want from a QuidMarket loan alternative. The APR representative at QuidMarket however is 1298.6%.

Please note however, that representative APR although accurate is not always a good measure of the cost of a loan. There are other factors such as extra charges and fees so always read the small print.

Repayment Periods

The repayment periods offered by LoanPig and QuidMarket loans also differ dramatically. As previously mentioned, LoanPig offer loan repayment periods of 1 – 12 months, but our loan periods 3 months &  6 months are the most popular, which is a more flexible length of time offered by QuidMarket who only offer a 3-6 month repayment loan period.

While loans like QuidMarket can be exceptionally helpful when it comes to short term borrowing, the flexibility provided by LoanPig can help to ensure that your repayments are more manageable than ever, helping to ensure that you do not fall into any trouble as a result of our payday loans. This is all a part of our responsible lending practices

Quick Applications for Alternative loans

We pride ourselves on providing you with a quick and simple application process. QuidMarket will also offer a quick application process, as this is standard practice in the payday loans and short term loans industry.

They aim to process your application quickly, and the funds will be sent to your bank account within the same day of approval. With LoanPig however, you have a little bit more time as our cut off for same day bank transfers is 3pm.

Responsible Lending

LoanPig are FCA approved just as QuidMarket are, and for good reason. This means that they are regulated and will also practice responsible lending, which puts the customer first in every scenario. Make sure you choose an FCA approved lender when you look for your QuidMarket loan alternative.

Here at LoanPig, we also pride ourselves on being a responsible lender. This means that you are always in the safest of hands when it comes to finding loans like QuidMarket, with the help of a lender/broker like LoanPig.

Why Choose LoanPig as an Alternative loan provider?

Here at LoanPig, our customers are our first priority, and we will do everything that we can to help you with your financial emergency. We understand that when facing a money problem, you’re going to need cash fast, and so aim to have your money with you on the same day.

No matter what you’re looking for, you can be sure that you can rely on LoanPig. Visit our FAQs, or get in touch with a member of our expert team online today!

Conclusion

One of the biggest reasons people get caught up in recurring debt in relation to payday loans and short term loans is because they are borrowing more than they can afford.

It’s now up to you. We believe that LoanPig offer an excellent alternative to QuidMarket loans. We are a trusted payday direct lender and broker offering quick loans between £100 and £1500.

As an online lender, our process is quick and smooth which means you can get funded in as little as 1 hour after applying, if approved of course. Our services have already helped thousands of people across the UK, some of which had bad credit! Apply now with a new responsible lender

Please note :  LoanPig or any of its subsidiaries are in no way connected to QuidMarket or any of its subsidiaries. The article above represents a factual comparison to a QuidMarket loan. If you apply for a loan on the LoanPig website, you are applying for a short term loan with LoanPig and it’s panel of lenders.