Quik Cash Loans

Quik Cash Personal Loans Evaluation

Quik Cash offers borrowers with negative credit history an alternative to a payday loan

Established in 2012, Quik Cash markets itself as a much more inexpensive option to payday advance loan. Although monthly payment conditions are a lot longer and rate of interest are reduced compared to several payday financial institutions, it still possesses a quite high interest rate (APR) beginning at 59%.1 Even if you have bad credit, shop around prior to utilizing Quik Cash being one of your last options. Our experts've assessed vital particulars, such as costs, fees, and monthly payment phrases, to aid you make a decision whether this finance company is the appropriate suitable for you.

Quik Cash possess an APR coming from 59% to 199%, depending upon where you reside. Loan amounts range from $500 to $5,000, with payment conditions coming from nine to 36 months. As a no-credit-check loan, Quik Cash doesn't possess a credit report need so you will not undergo a difficult credit scores concern. There are actually various other requirements, however. You must possess a minimum month-to-month earnings, obtain salaries using direct deposit, and also possess a UNITED STATE savings account with at least 90 days of history.

Pros Revealed

  • No early repayment fines-- Quik Cash are going to certainly not bill you any sort of early repayment fees if you wish to create additional repayments or even repay your loan previously.

  • Reduced lowest loan amount-- You may manage to obtain as low as $500.

  • No credit rating examination needed-- Quik Cash will not inspect your credit rating. Instead, it'll use other factors, including your income.

Cons Described

  • Rates remarkably higher compared with various other competitions-- The beginning APR of 59% is actually considerably higher than those of several various other trusted unsafe individual loan lending institutions.

  • Not available across the country-- Quik Cash is accessible in simply 37 conditions.3.

  • Short monthly payment terms-- A lot of states cap phrases at 18 months, while some produce that just 1 year.

Forms Of Personal Loans Given by Quik Cash.

Quik Cash allows you to use your individual loan for a number of causes, consisting of health care bills, financial obligation loan consolidation, cars and truck repair services, holiday expenditures, house improvement ventures, and also major lifestyle occasions.

Opportunity to Receive Funds.

Consumers may have the capacity to receive their loan proceeds as quickly as the upcoming business time.

  • Quik Cash Personal Loan Qualities.

  • Same Time Backing Available.

  • Quik Cash disburses loan proceeds on the very same time you apply so long as your loan application is accepted prior to 7:30 p.m. SHOCK THERAPY from Monday to Friday.

Quik Cash TurnUp Plan.

The Quik Cash TurnUp course assists applicants locate additional inexpensive loan alternatives regardless of whether it isn't with the lending institution itself. When you inspect your cost through Quik Cash' initial application form, you a choose right into this course. What happens is actually the creditor is going to look for fees along with about 15 various other similar lenders to aid you review options.

No Credit scores Examine.

Quik Cash does not carry out tough credit scores queries. Rather, it relies on other factors, including earnings, employment, and past history of financial purchases. This suggests that despite having a bad or limited credit report, you may manage to receive an Quik Cash private loan.

No Prepayment Charges.

Quik Cash won't charge extra expenses if you repay the staying balance of your loan or create extra repayments toward it.

Low Loan Amounts.

At $five hundred, this minimum required loan quantity is actually better for those who do not require a great deal of cash for their loaning needs.

Get a Quik Cash Personal Loan.

You can only get an Quik Cash personal loan online. Listed here's what the request process resembles:.

  1. Select the "Apply Now" switch on Quik Cash' internet site.

  2. Enter into individual particulars, including your label, deal with, Social Security variety, and also phone number.

  3. Create login particulars by entering your email handle as well as deciding on a password.

  4. Submit profit as well as work particulars, like regular monthly income, pay-roll frequency, and final pay-roll time.

  5. Get into intended loan amount as well as bank account information.

  6. Assessment loan details and also send extra documents as necessary, like evidence of earnings.

  7. Grant conditions and also submit your request.

The moment permitted, you may receive funds as quickly as the following organization day.

Can You Re-finance an Individual Loan With Quik Cash?

You can easily not re-finance an Quik Cash private loan.


Quik Cash is actually a much cheaper alternative to a payday loan, as its own costs are topped at 199%, while a traditional payday loan APR concerns 400%.4 If you have a negative, minimal, or void credit report, you might be a really good fit for Quik Cash, considering that it does not utilize your credit report as an aspect for approval. Rapid funding opportunities suggest that you can easily obtain your cash as soon as the upcoming organization time.

Nevertheless, you might find reduced APRs in other places. Despite a less-than-perfect credit rating, you may observe competitions offering APRs topped at 30%, which could conserve you a lot of loan. For example, if you apply for a $five hundred loan with Quik Cash for twelve month at a 59% APR, you will pay a total amount of $173.77 in enthusiasm, whereas a 30% APR might cost you $84.92.

If you find yourself with no various other alternatives, at that point Quik Cash could possibly operate, particularly as it is actually greater than a typical payday advance loan. Nevertheless, our team advise you shop around along with other loan providers to find what you may obtain initially.


Investopedia is actually devoted to providing customers along with impartial, thorough testimonials of personal loan creditors. Our company collected over 25 information aspects around much more than 50 financial institutions-- consisting of rates of interest, fees, loan quantities, as well as settlement conditions-- to guarantee that our material helps consumers make the right borrowing selection for their necessities.