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Who are Quick Loan Shop?

Quick Loan Shop is a London based lender.

What kind of loans do they offer?

They offer payday loans only up to 30 days. This means that you will need to repay the entire loan plus any fees or charges in a single instalment.

How much can you apply for?

You can apply for up to £500 with the Quick Loan Shop.

How quickly can they supply the loan?

It can take up to 48 hours to receive a payday loan through the Quick Loan Shop.

What do they charge?

They charge 25% on payday loans, so if you borrow £100 for 28 days, you’ll repay £125 with an APR of 1734%.

How do their charges work?

They charge the same amount for the period of the loan, so if you repay in 10 days, you’ll repay the same amount as if you repaid after 30 days.

Quick Loan Shop use continuous payment authority in order to arrange payment. This means that they use your debit card details to process payment. If you do not have the cash available when they try to do this on the agreed date, they can make multiple attempts, and they can also attempt to take out multiple smaller amounts to make up the amount owed. If you would prefer not to use this method of payment, you can contact your bank or the lender to change it, but you will need to contact the lender to arrange an alternative method of repayment.

What optional charges do they have?

Quick Loan Shop do not charge any optional fees or extra fees.

Do they charge penalties?

If you do not repay on time with the Quick Loan Shop, you will be charged a £12 default fee.

Do they have TV adverts?

They do not have any TV adverts.

Licence details

  • Registered Number: 08046177
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We work with a number of lenders and their APRs vary. This example shows the average figures.

Money Gap Limited operate and own the credit brokerage site, Money Gap Limited is not a lender nor does it provide credit to consumers. If you decide to apply on this site, your application will be shown to a variety of our lending partners to consider. We receive a commission from the lenders we work with after successful applicants are passed on from this website. Approval is subject to status and all applicants must have reached 18 years of age or older. The information provided on this website is for the purpose of explaining the lending process and should not be considered financial advice.

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