Are you looking for a short term loan but you’re not sure where to turn? Here at LoanPig, we can provide you with all of the help that you need. One of the biggest reasons people get caught up in reoccurring debt in relation to payday loans is because they are borrowing more than they can afford – and this is due to not scouring the market. Many people will often turn to the big name brands that they know they can trust, like QuickQuid loans, or Wonga loans. While it is important to know that your details are safe, loans like QuickQuid aren’t always the best option. Doing your research, and looking at all of the different options that you have available can help you to make the right decision about who to turn to when it comes to a payday loan. Whether you’re looking for a QuickQuid alternative, or you’re simply searching for a range of different options before you make your decision, you can be sure to find all of the information that you need right here at LoanPig.
How Does LoanPig Work As A QuickQuid Alternative?
LoanPig is different to QuickQuid loans as we offer a panel of lenders, rather than being a direct payday loans lender ourselves. This allows us to provide huge levels of flexibility, and because of this 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. Here at LoanPig, we can do 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. Then you can complete our quick and simple application process and we will match you to our panel of some of the UK’s leading lenders.
How Flexible Are Loans Like QuickQuid?
Loans like QuickQuid can provide you with flexible options when it comes to how much you want to borrow and your repayment period. If customers are approved with QuickQuid, they can choose from a period of one to three months to pay off the loan and this can be extremely helpful when it comes to emergency loans. This flexibility allows customers to make their repayments more manageable when it comes to borrowing a short term loan. Flexibility is important when it comes to a facing a financial emergency, and that’s why here at LoanPig, as a QuickQuid alternative, we can provide you with a repayment period of up to six months – so your repayments can be in smaller chunks ensuring you can manage them even more. This is double the amount of time that QuickQuid payday loans allow you.
LoanPig vs. QuickQuid Loans
There are a number of differences between LoanPig and QuickQuid payday loans, but the major difference is that QuickQuid are a direct lender, whereas LoanPig are a broker and QuickQuid alternative. However, we are both approved and regulated by the Financial Conduct Authority, meaning we are safe and reliable lenders.
With LoanPig, as a QuickQuid alternative, you can borrow from £150 up to £700, so you can be certain that almost any financial emergency can be covered – whether that’s an unexpected car breakdown, medical bill or boiler repair. With QuickQuid payday loans however, you can borrow from £50 to £1000, and while this may help with those looking to borrow less, it can lead to some people borrowing more than they can afford.
Due to the fact that we have 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 is at 1261%, as this is a competitive market rate for a QuickQuid alternative. The APR at QuickQuid however is 1295%. Please note however, that APR will be determined directly by the lender and can differ depending on how much you want to borrow and how long for.
The repayment periods offered by LoanPig and QuickQuid loans also differ dramatically. As previously mentioned, LoanPig offer loan repayment periods of up to 6 months, which is double the maximum length of time offered by QuickQuid payday loans. While loans like QuickQuid 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
We pride ourselves on providing you with a quick and simple application process. QuickQuid payday loans will also offer a quick application process, as this is standard practice in the payday loans industry. QuickQuid loans aim to process your application within 30 minutes, and the funds will be sent to your bank account within 10 minutes of approval as long as your loan is approved by 2.30pm on that day. With LoanPig however, you have a little bit more time as our cut off for same day bank transfers is 3pm.
As a QuickQuid alternative, we pride ourselves on being FCA approved just like loans like QuickQuid 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. Here at LoanPig, we also pride ourselves on being a responsible lender who is regulated by the FCA and entered on the Financial Services Register. This means that you are always in the safest of hands when it comes to finding loans like QuickQuid, with the help of a broker like LoanPig.
Why Choose LoanPig as a QuickQuid Alternative?
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. As a QuickQuid loan alternative, we can provide you with a selection of some of the UK’s best short term loan direct lenders, so you have far more choice and more flexibility when it comes to how much you want to borrow and how long for. 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!