|Description||Short term text loans|
Quid24 offers short-term text loans to UK residents.
Quid24 operates a business model for short term lending and is licensed by the Office of Fair Trading to offer credit.
Quid24 will carry out a quick credit check in order to fulfil obligations to lend responsibly and ensure you can manage to repay it. The representative APR currently stands at 14,348%, an interest rate of 235% p.a. fixed. If you have borrowed £100 you will pay interest of £4.50 and a transfer fee of £5.50, making the total amount repayable at the end of seven days £110.