FAQ

PurpleQuid.co.uk is a broker, not a lender, and works with an exclusive range of lenders in return for a commission fee. We don’t directly offer loans. We allow customers to access our network of UK short term and instalment lenders through our online form. We attempt to match customers with lenders in our network based on the information they provide.

The process is carried out through an online form. You will first provide some basic information and once submitted we will begin the matching process. If successfully matched, you will then be connected with a lender who may offer you a loan. You then have the opportunity to accept or reject any offer made.

The lenders in our network are prepared to lend between £100 and £2,500. Please note not all lenders are able to provide up to £2500.

The online form takes a few minutes to complete. We will then run your form through our network of lenders in an attempt to match you with a qualified lender. If your application is accepted, you will be forwarded to the lender’s completion page so that you can sign for your loan electronically.
If your application is accepted, you will be forwarded to the lender’s completion page so that you can sign for your loan electronically. You can expect to see the funds in your account in as soon as the next business day.

Your funds will be transferred electronically into your bank account via electronic transfer.

The eligibility criteria varies by lender. There are, however, standard criteria requirements that you will be expected to meet in order to apply. This includes the fact that you must be aged 18 years or older, live in the UK, have an active bank account into which you can receive direct debits and have a regular source of income.

We require your personal information in order to present your application to our lenders so they can assist you by providing you a loan. Please refer to our Privacy Policy for more details about how we use your personal information.

PurpleQuid.co.uk does not run any credit checks; however, we are a matching service and the lender we match you with may do so as part of the application process.

For a typical 30 day loan of £400, the average lender Representative APR is 728.9%. Please note that your APR is likely to differ from this figure, as no two applicants are the same. No loan terms are truly typical or representative, and your credit profile might have an impact on the loan terms a lender offers you.

If you have any issues repaying your loan, please contact your lender directly. They will be able to discuss repayment options with you. If you have more serious concerns about managing your money, you may contact Money Advice Service (www.moneyadviceservice.org.uk). Money Advice Service offers free advice to those who need to manage their money more effectively.