Bad Credit Loans From Cashfloat

Get up to £1,000. Instant decision. Funding in 1 hour.
RAPR 529.09%
Borrow £900 for 7 months. 1st monthly repayment of £187.92, 5 monthly repayments of £250.56, last monthly repayment of £125.27. Total repayment £1,565.99. Interest rate p.a. (fixed) 198.72%.
Warning: Late repayments can cause you serious money problems. For help, go to

Cashfloat’s Loans for Poor Credit

We know that having bad credit can hold you back from getting the loan you need so urgently. Cashfloat’s loans for bad credit are quick to apply for and can also help improve your credit rating, if paid on time. Our loans range from £300 up to £1000*, and you can get the money on the same day, if approved. Apply now and get an instant decision!
Loan direct from Cashfloat
We’re a direct lender offering quick and hassle free loans.
Easy repayments
Repay your loan in easy installments that suit your budget.
What our customers say
You are the most helpful company I have ever used, you take in consideration the individual not just their credit score. If only there were more companies like in this world alot of people would be so much better off. Thank you again for your unbelievable help.
Mr Peter Y
Very good. Very helpful. Very quick. I do not have the best of credit rating. But they still have helped me, I have recent death in family so it’s bit of a struggle at the moment. And with their help I can meet all my commitments. So thank you.
Dominic Ash
I needed an emergency loan and didn’t have a great credit report. The service from Cashfloat was very quick and the staff was very helpful and polite. Will definitely use them again if ever in a sticky situation. Thanks Cashfloat team.
Sarah K
How our bad credit loans work
Watch this video to find out how to apply:
Why choose Cashfloat for your bad credit loan?

How fast can I get a loan for bad credit?

If you need an urgent loan for bad credit, you can apply with Cashfloat and get your money funded to your bank account within 1 hour, if approved. The application form is simple and quick to complete. Most people submit the form within 2-3 minutes. Once completed you will get an instant decision. Cashfloat are here for you, to get you your bad credit loan asap!

Can I get a cheap loan for bad credit?

Low apr loans with bad credit can be hard to find because poor credit loans often come with higher interest rates. The good news is that Cashfloat offers lower interest loans for bad credit than many lenders on the market. We believe in giving everyone a fair chance to obtain credit at reasonable rates, even if you have a lower credit score.

Why is it better to get a bad credit loan from a direct lender?

Here are some of the pros of getting a loan from a direct lender:
  • You get the loan from the lender directly without any other party involved.
  • Have any queries? Ask your lender directly.
  • You won’t pay any broker fees.
  • A direct lender will ensure that your details will be kept secure.

What are my alternatives if I have poor credit?

If you need a loan quickly, and you’re worried about your poor credit score, online loans are not the only option available. Here are some other types of loans you can apply for:
  • Personal – Obtainable from banks, have a lower price range but may be harder to get approved for.
  • Guarantor – Much easier to get approved for and are cheaper, but the process is a bit longer and more tedious.
  • Secured – Similar to guarantor loans, these are cheaper and easier to get approved for with bad credit but the risks are higher in cases of default.

We always encourage you to explore all your options before signing any agreement. In some cases, Cashfloat’s loans may be an excellent option for you.

Can I apply for an instalment loan for bad credit from a direct lender only?

Instalment loans allow you to repay your bad credit loan over a few months, giving you more flexibility when it comes to repaying your loan. At Cashfloat, we provide instalment loans that can be paid back over a 3 – 6 month period. So, if you’re looking to apply for a bad credit instalment loan from a direct lender UK up to £1500 today, we can help. Our straightforward application form ensures a hassle-free process, and if approved, we’ll deposit the money to your account within an hour.

Am I eligible to get a loan with bad credit if I am on benefits?

You can apply for a loan with bad credit from cashfloat, if you meet the following criteria:
  • A UK resident
  • Have a UK bank account
  • Above the age of 18
  • Have a steady source of income – this can includes benefits

As a trustworthy direct lender, we want to make sure that you can afford the loan before funding it. Therefore, we will also base your bad credit loan eligibility on an affordability assessment. As long as you meet our affordability and eligibility criteria, you don’t need a bad credit loan eligibility checker to see if you qualify for our poor credit loans.

Can I get loans for bad credit without using a broker?

Definitely! Cashfloat is a leading direct lender who offers bad credit loans with no brokers involved. As long as we see that you can afford the loan repayments we will happily approve your application, even if you have very poor credit. Join thousands of happy customers who have borrowed a loan from us even with a bad credit history.

Can I get a 6 month loan with bad credit?

Cashfloat’s bad credit loans have a maximum term which is 6 months. You can apply for a loan with us and choose to make your repayments over 3, 4, 5 or 6 months.

Can getting bad credit finance improve my credit rating?

Yes! In contrast to what most people think, getting bad credit finance can improve your credit score if you show you can pay back your loan on time. These loans are often called credit-builder loans. Paying off your loan at the right time will improve your credit score.

Should I try to build up my credit rating before applying?

If you’re not in a rush, you should first look at your credit score and try to improve your credit report. You can get a credit report from different credit reference agencies. Once your credit history has improved, you may be accepted for a personal loan, which has lower interest rates. If you still finding yourself needing a loan, you can apply here with Cashfloat! Having a bad credit history does not change the speed in which we will fund your loan!

What is the difference between an unsecured bad credit loan and a secured bad credit loan?

Unsecured bad credit loans tend to work out more expensive than secured loans for poor credit. The reason is simply because with a secured loan, the lender will take possension of the collateral if you are unable to repay the loan. However, an unsecured loan is not protected by any collateral.

Can I get a bad credit loan with guaranteed approval and no guarantor from a direct lender?

If you are looking for a loan with guaranteed approval, it’s because you are worried about getting rejected because of your poor credit. However, guaranteed loans are not recommended in the UK because the lender doesn’t perform credit checks and definitely does not care about your financial safety. The good news is that we are a direct lender that offers high acceptance loans for bad credit, and we will never ask you for a guarantor. Beat that!

Have more questions about our bad credit loans? Get all the answers here.