Frequently Asked Questions

Who is behind Quick Money Ltd?

Quick Money Ltd is an online loan intermediary that connects users with financial institutions and partner lenders. We are not a banking institution, nor do we grant loans directly.

What type of services does Quick Money Ltd offer?

Our service consists of analyzing your online loan application and sharing it with various lenders so that you receive the best available financing offers.

How long does it take for a request to be resolved?

The process is fast. Once you have completed the form, your request is evaluated immediately, and you can receive a response in a matter of minutes.

How much can I request?

The minimum and maximum amounts depend on each partner entity, although you can typically request anywhere from small sums (for example, $50) up to larger amounts, depending on your profile.

What are the terms and conditions for the loans?

Each lender applies its own terms and conditions (repayment periods, interest rates, and fees). At Quick Money Ltd, we always show you the terms before you decide to accept an offer.

Is it mandatory to check my credit history?

Some entities review the applicant's financial history, while others offer quick loans even to clients with negative records. It all depends on the individual lender.

When will I receive the money in my account?

If the application is approved, the money is usually transferred instantly or within a few hours. In some cases, it may take up to 24 hours, depending on the financial institution and the bank.

How is the money deposited?

The approved amount is transferred directly to the bank account you provided during registration, without the need for any additional formalities.

How should I repay the loan?

Payment is made via transfer to the lending institution's account, on the agreed-upon date or installments. All details will be included in the contract you accept.

What happens if I cannot pay on time?

Failure to repay a loan by the agreed-upon date can lead to serious consequences—both financial and legal.

First, the lender will apply late interest charges and non-payment fees, which will increase the total amount you are required to repay. In some cases, the outstanding balance can grow rapidly if the delay persists.

Furthermore, a missed payment can negatively impact your credit history. The lender may report your details to credit default registries—such as credit bureau or similar databases—making it difficult for you to get approved for future loans or to access other financial services (such as a credit card or a mortgage).

If the debt remains unresolved, the lender may initiate legal or extrajudicial collection proceedings, which will entail additional costs and potential asset seizures. This can create significant financial strain and jeopardize your long-term financial stability.

For these reasons, if at any point you anticipate being unable to meet a payment deadline, it is highly advisable to contact the lender immediately. It is often possible to negotiate an extension or a refinancing arrangement, which can help you minimize late interest charges and avoid more serious complications.

All specific details regarding repayment will be outlined in the contract you accept.

Do I have to provide my personal details to apply for a Quick money loans?

Yes, it is necessary to provide some basic information (name, ID number, phone number, email, etc.) in order to process your application and verify that you meet the requirements.

Why do I need to provide my bank account details?

When you apply for an online loan through Quick Money Ltd, our partner lenders need to verify your identity and financial situation quickly and securely. To achieve this—in addition to transferring the approved funds to you—your bank account is used as a verification tool.

In many cases, lenders utilize automated verification systems such ibv (Instant Bank Verification). These tools allow them to validate within seconds that you are the account holder and—with your authorization—access a digitized bank statement. This provides a clear overview of your income, expenses, and repayment capacity, without the need to submit payslips or other paperwork. Thanks to this process, these loans can be offered based solely on your Canadian ID, requiring no further documentation.

This process is secure: it is conducted via an encrypted connection, and neither your password nor access to future account activity is stored. Only the information strictly necessary for the lender to evaluate your application and provide an immediate response is shared.

In summary, your bank account serves a dual purpose: receiving the loan funds and expediting the verification process, thereby ensuring that the entire procedure remains 100% online and paperless.

How can I request the deletion of my personal data?

You can exercise your rights of access, rectification, or deletion of data by writing to the email address indicated in our Privacy Policy.

What is a payday loan?

A short-term cash advance that is repaid when the borrower receives their paycheck.

How do I qualify for a payday loan?

You must be 18 years or older, you need a valid photo id, you must be paid via direct deposit from your employer, you need a recent pay stub, 6 weeks of bank statement and a void check or a pre-authorization form.

Do you check credit for a payday loan?

No we do not check your credit. We qualify you for a fast and easy payday loan based on the payday loan requirements.

How do I pay back my payday loan?

You choose your payback options! Come back on your payday into our store anytime within our business hours and pay us in cash (ATM also available for your convenience) OR request a withdraw from your bank account OR email transfer the payment.

Do I need to have good credit score in order to be approved?

NO! We specialize in bruised credit! we have a 95% approval rate!

Can I obtain a personal loan if i am self-employed?

YES!

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