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FLMQuick

 


FLM Quick Loans  

Borrow up to £500 cash now. And borrow at a much lower cost than with a Payday Loan.

If you need a small cash loan you're probably thinking of getting a payday loan - STOP! Think again! Why pay interest at the rate of £25 per £100 borrowed on a 30 day loan when you can do the same with FLM Quick and only pay £9.40?

How is this possible? Well, you provide a guarantor, who can be either a tenant or a homeowner. As this lower's FLM Quick's financial risk they'll lend to you at a much lower interest rate. And getting a guarantor needn't slow you down as the whole application process is done online.

How do Costs Compare to Payday Loans?
  Fee repayable after 30 days on a £400 cash loan
FLMQuick
£37.70
Payday Express
£100.00
QuickQuid
£118.00
Wonga
£125.48
source: individual websites in June 2010
Go to FLM Quick

How does a FLMQuick Loan work?

The application process

  • Step 1 – Complete the online application form
  • Step 2 – Find a guarantor to back your loan
  • Step 3 – Get your guarantor to login on the FLMQuick website and complete the application online
  • Step 4 – FLM Quick call you and your guarantor to confirm and payout the loan

Guarantor criteria

  • Over 18 year old
  • Either a tenant or a homeowner - it doesn't matter
  • Good credit history with no defaults, CCJ's or major late payments on credit file
  • Have a valid UK bank account that can accept direct debits with a debit card attached to that account

Repayments

FLMQuick loans work differently to other payday loan companies

  • No set repayment period for the loan
  • Choose to pay back the loan in one lump sum, or just cover the interest for the month and roll the balance onto the following month
  • Most of their regular customers choose to pay back a certain amount each month, which covers the interest and clears an amount off the outstanding balance, making next month's interest payment lower.
  • The monthly interest on a loan is always under 10% of the outstanding balance, so for £500 the monthly interest is £48.70 (based on 31 days).
Go to FLM Quick

 

 

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Our approved list of companies include:
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