How it works
Applying for payday and instalment loans
In order to apply with KwikCash, you'll need to be employed, at least 18 years old and a resident of the UK with a UK bank account. Once you fill in the KwikCash application form, we send your information to the lenders we work with in order to find you a match. You can choose the maximum time you want to repay over. Payday loans are usually around 28 days and instalment loans are up to 6 months long.
You won't receive any application charges from KwikCash, even if you're approved for a loan. If approved, you'll be put through to the lender to confirm your application - this usually only takes a few minutes. If your application is accepted, most lenders get cash to you the same day. While some can take a little longer, others can be as fast as the same hour you apply.
You will be under no obligation to accept any loans you are offered, so if you are not happy with the loan terms, you can simply choose not to accept it, and you will not be charged anything by the lender.
Repaying payday and instalment loans
Your payday or instalment loan will be repaid using your application information on a date agreed with you (or multiple dates if you're taking out an instalment loan). Your lender will show you all the information about repayment before you accept the loan offer, so you'll know all about the repayment before you agree to anything. A payday loan is usually repaid in one repayment, which covers the loan amount, lender charges and interest. An instalment loan uses a number of repayments, up to 6 instalments. While you may repay more overall with an instalment loan, many find them more manageable due to the lower monthly repayments. Rates will vary between lenders. If you are accepted, please make sure to read the lender’s FAQs, terms and conditions so you are clear about the loan you are accepting.