You can invest money for 3 or 5 years. It’s your choice how long you invest for, just choose the period when making your loan offer on the QuidCycle platform.
Frequently asked questions
Whatever your question, we’re here to help. If it is something we are regularly asked, it may listed here. To get started search below, or jump to a category
All our applications are online. Please visit our website and follow the simple online application process. If you encounter any issues during your online application, please call us on 020 3664 8625, Monday to Friday, 9am - 5:30pm. Alternatively, you can send us an email at firstname.lastname@example.org.
Everything is included in your interest rate, including the investor's interest and platform fee for using the QuidCycle service. There is nothing to pay up front, all the fees are spread out over the monthly repayments and are included in the total amount repayable.
The QuidCycle Provision Fund is a risk management tool set-up to mitigate default and non-payment risks from delinquent borrowers. It provides a “first-loss” buffer against non-performing loans.
When a borrower misses a payment, QuidCycle will apply, on behalf of an investor, to the provision fund to cover the investor for the missed payment.
Your money once cleared is held in a segregated Barclays Bank PLC account which is controlled by QuidCycle. The cleared funds are made available for you to invest with on your QuidCycle account.