Representative example: Borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £224.60, last monthly repayment of £112.20. Total repayment £1,179.05. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount - rates between 295.58% APR and a maximum APR of 1294%.
Warning: Late repayment can cause you serious money problems. For help, go to
Welcome to Cashfloat, a trusted UK direct lender

On this page, we’ll explain how Cashfloat loans work. Find out how to apply for a loan, how much you can borrow, what our eligibility requirements are, how long it takes to get funded and more about the Cashfloat loan process. We’ll also tell you about our new open banking service and explain what the Cashfloat Easy Start feature is.

You’ll find a loan that suits you with Cashfloat. We’re a responsible, trusted direct lender, and we offer generous borrowing limits, competitive rates, flexible repayment terms and a high approval rate. We’ve already helped over 150,000 people in the UK. You can start your application now and get funded today if you’re approved.

We hope you enjoy the Cashfloat experience!


The Cashfloat loan process

All credit scores considered

Apply for a Cashfloat loan today, and get an instant decision. If you have any other concerns or questions, feel free to contact our customer service team by emailing or by calling us on 020 3757 1933.


A step-by-step guide to how it works

Select the amount you want, and fill out our online application form


Receive an instant lending decision


If approved, you can receive your money the same day


Make monthly repayments tailored to you

How much can I borrow with a payday loan?

Here’s some important information about loan amounts and repayment periods.

With a Cashfloat payday loan, you can borrow from £300 up to £1,500. The convenient loan amounts we offer are ideal for short term financial emergencies like:

  • Urgent car repairs
  • Unexpected bills
  • Replacing a broken appliance

Just tell us how much you want to borrow in your application, and we’ll aim to get the funds to you as quickly as possible. We offer competitive prices for our loans, with APRs as low as 387.4% available with our payday loans.

How do repayments work?

With us as your short term direct lender, you can pay back your loan in up to nine flexible monthly instalments. When you make your initial payday loan application, you’ll select the number of months over which you want to repay your loan.

As well as being flexible about repayment at the outset, we also encourage our customers to pay back their loans as soon as they can. This allows you to avoid paying unnecessary interest, and early repayment also comes with no additional fees.

Amount Duration
£300 – £350 3 months
£400 – £450 3-4 months
£500 – £900 3-6 months
£950 4-6 months
£1000 – £1100 4-9 months
£1200 – £1300 5-9 months
£1400 – £1500 6-9 months

The terms above are without our Easy-Start feature enabled. Easy-Start allows you to give yourself more time to repay your loan without adding any extra interest charges. Scroll down to find out more about Easy Start.

You can compare different payday loan amounts, durations and estimated repayments using the Cashfloat loan calculator. You can also use our payday loan affordability calculator to check whether you can afford a payday loan before you apply.

Remember: Cashfloat payday loans can be paid early at any time with no penalty.

Cashfloats loan calculator

Before applying for a loan with us, why not try out our loan calculator to estimate your repayment schedule, APR, and total interest. This tool will help you plan your finances for the coming months effectively. It’s a quick and easy way to understand your potential financial commitment. Get a clearer picture today and make informed decisions about your loan options.

Try out our loan calculator now

Cashfloat’s other loan products

As well as payday loans, Cashfloat also provide:

With our other loan products we may act as either a direct lender or a credit broker. Loan amounts and repayment conditions are different for these other loan products. Please go to the corresponding webpage to find out more.

How do I apply?

Am I eligible for a Cashfloat loan?

You must meet the following criteria to be able to take a loan from us:

  • Be a UK resident
  • Have a UK bank account
  • Be over 18 years old
  • Have a reliable source of income

Can I take out a loan if I’m on benefits?

Being on benefits doesn’t disqualify you from Cashfloat’s loans. What we require is for our applicants to have a reliable source of income. Benefits can form part of a reliable source of income as long as they are not your only source of income. If your benefit payments exist alongside a reliable, paid source of income, then you could still be eligible for a Cashfloat loan.

Application process FAQs

How long does it take to get funded?

We pride ourselves in providing fast loans. We aim for our loan applicants to receive loan approval and funding within 90 minutes of applying.

Once you’ve submitted your application, we’ll do some checks to see if we can approve your loan. This involves completing a credit check and an affordability assessment, amongst other things. Most applicants receive a decision within 30 minutes. Once your payday loan application is approved, you’ll normally be funded within one hour.

Note that on some occasions, it can take up to four hours to receive a final lending decision, and it may even take until the following day. Applications submitted outside of office hours or at the weekend will be processed on the next working day. Sometimes we may also need to get additional information from you. If this is the case, we’ll contact you within one business day of your application. Funding within one hour of approval is also only available during office hours on Monday to Friday.

If you’d like to speed up the process, you can do this by calling us on 020 3757 1933 and pressing option one to speak directly to a loan underwriter.

I’ve been pre-approved for a loan. What does that mean?

If your loan has been pre-approved, that means it’s passed our initial checks, but an underwriter still needs to manually review it. You should receive a final decision within four hours. You can speed up the process by contacting us. The best thing is to call us on 020 3757 1933 and press option one.

If we need further information from you, you will be contacted within one business day. You can track the progress of your application via the link sent to you by email.

How can I check the status of my application?

To check the progress of your application, follow the link sent to you by email.

You’ll be directed to a screen that shows whether or not you need to provide us with any more information before you can be approved. If everything has already been completed and you’ve still not been funded, it means that the application is waiting to be manually reviewed by a loan underwriter. This can take up to four hours.

Whatever the status of your application, you can speed things along by calling 020 3757 1933 and pressing option one to speak directly to a loan underwriter.

Can I top up my loan?

Unfortunately, we do not offer top-ups for any of our loans, including our payday loans. You are welcome, however, to reapply after you’ve repaid your current loan. If you do decide to apply for another loan after you’ve settled one, please remember that we can’t guarantee that you’ll be approved.

Can I pay my loan off in weekly instalments?

No, unfortunately, we do not currently offer weekly repayment plans.

Why have I been declined for a loan if I’m a repeat customer?

If you’re a repeat customer of ours, you might find that your loan application is declined. This can happen even if you have a good payment record. This is because we need to make sure we’re lending responsibly. Sometimes we have to:

  • Decline someone if they apply for too many loans in a short period of time
  • Decline someone after they have too many consecutive loans (even if they’re spread out over a long time)
  • Decline someone if we suspect they have become reliant on high cost short term credit

Our decision cannot be reversed. If you’re a repeat customer of ours who’s been declined, we recommend taking a break and applying again after at least 60 days if you still need a loan then.

Will you contact my employer when I apply for a loan?

We rarely contact employers during the loan application process and only do so in exceptional circumstances. However, we may contact your employer in the following circumstances:

  1. For employment verification: Occasionally, if we can’t verify an applicant’s employment through other means, we have to contact their employer to confirm their employment status. If we do contact your employer for this reason, we will never divulge who we are or why we’re calling.
  2. For application clarification: If we need to clarify any details on your application, but we can’t reach you using the contact information you’ve provided, we may contact your workplace. However, we will always try to only discuss your application with you and will only contact your employer when necessary.
  3. To reach you to discuss repayment issues: In the event of non-payment, we will make every effort to contact you directly to discuss the matter with you. However, if we repeatedly fail to reach you, we may contact your employer in order to get in touch with you through them.

Your privacy and the security of your personal and financial information are of utmost importance to us at Cashfloat. We maintain strict measures to protect your data throughout the loan process.

If I recently moved house, which address do I put?

If you’ve recently moved house (within the past 6 months), this could affect your chances of approval. To make sure we can handle your application correctly, you should:

  1. Apply with your old address
  2. Leave a note for our underwriters explaining that you’ve moved house and also provide your new address. To do this, you’ll be able to write to the loan underwriters after you submit your application and confirm your email address. The display will look like this:

If you don’t see this screen, send an email to instead. If you have any questions at all, feel free to contact us on 020 3757 1933 and press option one. We’ll be happy to answer them.

I’ve taken a loan, but I’m having financial difficulties. What should I do?

There are a few ways we can help you manage your loan repayments if you’re in financial difficulty. Please contact our team on 020 3757 1933, and we’ll discuss your options.

It’s important that you get in touch with us as soon as possible. We will discuss the situation with you, and we may be able to come to an arrangement that makes it easier for you to repay your loan. We may be able to adjust your monthly repayments to better match your financial circumstances, for example.

What happens if I’m in arrears?

If you’re in arrears, this means you’ve failed to make the scheduled repayments for your loan.

If you ever miss a payment, we’ll send you an arrears letter to alert you and to remind you that you must make it as soon as possible. The arrears letter will provide details of your overdue payment, and you should make sure to read it carefully. As well as telling you how much you owe, it will also explain the consequences of not making the payment, including potential additional fees and charges and the possibility of legal action.

If you do not contact us or make the payment within the timeframe specified in the arrears letter, your account may be referred to a debt collection agency. This could result in further fees and charges being added, and it could also have a negative impact on your credit score.

Cashfloat’s open banking service

We’ve just launched our new open banking service with our Financial Conduct Authority (FCA) authorised partner, With this new service, we can minimise application processing time and get your loan funded even quicker.

Once you’ve been pre-approved for your loan, you’ll be taken through the open banking process. Firstly, you’ll need to provide your name and phone number and then select your bank. Following this, you’ll be asked to verify yourself using ‘Open Banking’. Your bank will then work together with using an open banking API to get us the information we need. are an account information service provider (AISP) regulated by the FCA. shares data with us using open banking in a safe and secure way. With, the customer is in charge, and they have the power to retract access at any time from providers they’ve previously given access to. With, you are in control of who has access to your data.

Cashfloat’s ‘Easy Start’ feature

“How can we make payday loans more affordable and manageable?”
This is the question we asked ourselves in 2019 when it became more and more evident that there were some drawbacks associated with direct lender payday loans. One of the biggest problems people were finding with payday loans was that the first payment came too soon. Sometimes it came before people had managed to get back on their feet, financially.

Sometimes a hefty first repayment would cripple people who could afford repayments if they had slightly longer to settle their finances. Couldn’t lenders just give them a break? We came up with ‘Easy Start’, so people would find things easier.

With Cashfloat’s ‘Easy Start’, you get to pay less on your first instalment, giving you more time to get your finances in order. Meanwhile, we don’t charge any extra interest for the extra month you have the loan. Easy Start makes your loan repayments more manageable in the long run. All free of charge!

FAQs about ‘Easy Start’

What is the Easy Start feature?

The Easy Start feature is a new way of setting up repayment plans so that our loans are more comfortable to repay. We add one extra payment so we can reduce the first payment to a more manageable amount. With a reduced first instalment, we hope to give you a more relaxed start to your loan repayments.

If the loan is longer, isn’t it more expensive?

No. The whole reason we introduced Easy Start was to make loan repayments more manageable without increasing the cost of the loan. The total amount you pay is exactly the same, just divided up more conveniently. This makes our loans easier to repay and far more affordable. In fact, you can see that the APR of your loan is much lower when you use Easy Start.

Why are ‘Easy start’ repayments not equal?

The point of Easy Start is to reduce the cost of the first loan payment. The first payment is the payment that’s closest to the loan’s start date, and this is the time when loan recipients are most likely to be in financial difficulty. By giving you a reduced first instalment, we aim to provide you with more time to get your finances in order before you have to start making more substantial payments towards your loan.

Can I still pay early if I want?

Sure! You’re always welcome to repay a loan as early as you want and save some money on interest. If you repay an Easy start loan early, it’s a double win for you! You get a lower daily interest rate to start with, plus you avoid paying some interest by making an early repayment.

What’s the catch?

There is no catch. Our goal is to make our loans more affordable and easier to repay. We hope you enjoy our new Easy Start feature. We also welcome any feedback!

How much do you need?
Other amounts

Need a payday loan quickly?
Let’s start!

Money Borrowed
Repayment total:

Repayment period: Three months, Two monthly payments of £ 246.66 , last month repayment of: £ 246.67