We evaluate your credit information and you will receive an approval to the highest credit amount according to your credit information. Please keep in mind that all applications are subject to the following checks: Affordability, Credit, KYC, Employment and Internal Checks. If you are approved please log in to your online account, choose the amount you need, repayment dates and click apply. The payment will be collected from your debit card through Continuous Payment Authority (CPA) on the dates you have chosen.
That’s as simple as it gets – we are flexible to our customers’ needs.
When you apply for a loan from SkyQuid, we evaluate your credit risk and you get approved to a credit limit of £500 based on your score. If you currently only need £200 you can just log in and choose your repayment dates. This means that you still have additional available credit limit of £300. The credit limit is valid for 90 days which means during that period you can submit for the rest of your credit and use it for any unexpected expenses you might encounter.
* The applicable credit available is £50 - £1000.
* Available loan term from 60 days to 6 months.
* Default occurs 90 days after due date.
* Missed payment fee £15.00 after 90 days from your repayment date. Daily interest of 0,8% per day will be added to your account for every day overdue. You'll never have to pay back more than twice what you borrowed. So if you borrow £100, the most you would have to repay would be £200.