We are not like a payday loan company. We bring people together - those who are interested in investing and those who wish to apply for a loan or repay their loans faster. Payday loan businesses offer cash loans at high interest rates. QuidCycle is mutually beneficial and, we believe, a cheaper, safer and fairer alternative. Rather than take advantage of those who need our help most, we help people to consolidate their loans at low rates and over a shorter of period of time than a typical bank loan. Our focus is on helping the UK’s middle-income families and individuals do better financially by offering a lower rate than a payday loan company would likely charge.
Frequently asked questions
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Our interest rates on loans will vary depending on how much you borrow and the length of time you need to pay off your existing loans. Rates start as low as 6.2%. To find out exactly how much we can save you on your monthly repayments contact us today.
We provide a platform of helpful products and financial education for both borrowers and investors to help each other do better financially, with borrowers paying less for their borrowing and investors earning higher returns on their money.
For our investors, we provide a higher rate of return than traditional savings products and have provisions in place to minimise the risk while taking advantage of a new type of investment product.