What our customers say
I found the experience easy to do, when speaking to the adviser found them to be easy to talk to.
Anita M, July 2021, Google reviews
The application process was easy and the approval very quick. Great service, would definitely recommend!
Cristina T, May 2021, Reviews.co.uk
Very easy service to use, very fast response, the best loan service I have ever used especially in terms of communication with the applicant. Well done.
Anonymous, April 2021, Reviews.co.uk
Excellent quality of service. This is the best loan company I have ever worked with… They have amazing customer service
Erhan S, March 2021, Trustpilot
Why Choose Cashfloat for Short-Term Loans?
Cashfloat is a dedicated UK-based direct lender, and over the last decade, we’ve supported over 100,000 applicants looking for short-term borrowing to cover life’s unexpected twists and turns.
Whether you’re a repeat client, a first-time applicant or an occasional borrower, we offer the assurance of:
- Fully FCA-regulated borrowing of values from £300 to £1,500
- Options to repay over your chosen period, from three to nine months
- Fast, fair decisions in two to three minutes and payouts in an hour if approved
- Direct lending straight from Cashfloat into your account
- Transparent, clear repayment structures, rates and terms – no catches
- Fixed cost loans with no-penalty early repayment options
Being a direct lender means just that – we’re not a broker, there are no hidden extra charges, and your application is assessed by our specialist lenders, and nobody else.
We’re delighted to be one of the most trusted independent short-term lenders nationwide and prioritise transparency and ease throughout – learn more about us.
Track Record of Helping UK Borrowers
We’re an online lender with fair affordability checks, a fast online application process, and full FCA regulation, and we always treat customers with respect and parity as a fundamental value of our business.
Easy Online Account Management
It shouldn’t be stressful to keep track of your money, and you’ll be able to log in whenever you like, whether you need to monitor your repayment progress or repay your loan balance early.
Throughout the Loan Lifecycle
The Cashfloat team exists to make short-term borrowing easier and safer, and we’re on hand to help whether you need to compare loan products, want help navigating affordability checks, or require guidance on which short-term loans offer a low APR.
Looking for a short-term loan?
When an urgent bill or extra cost comes your way, it may be a short-term loan that you need. Same-day short-term loans ensure you’re not waiting for funds and can move ahead with emergency repairs or unexpected expenses without delays or stress.
When Short-Term Loans Help
The Cashfloat team speaks with people every day who are dealing with a massive range of situations, and almost everyone will find themselves looking for the cheapest short-term loans at some point! We may be able to assist if you’re facing unexpected expenses, such as emergency dental work, a car breakdown, or if you’re looking for a safe way to bridge short-term cash flow issues.
Why Instalments Are Easier to Manage
Borrow from £300 up to £1,500 and get the money into your bank within 1 hour*. Repay your loan in three to nine manageable monthly payments. Affordable short-term loans provide a fixed, clear repayment schedule, so you know exactly what your repayments are and when they fall due. No guessing or worrying about your next statement!
Applying With Different Credit Profiles
As an independent short-term loans direct lender, we can consider applicants with all credit scores, helping people with temporary income gaps borrow small amounts without fear of automatic rejection due to past credit issues.
All credit scores considered
You can apply for a short term loan no matter your credit history. Join 1000’s of happy customers in the UK who got a loan from us with a poor credit rating.
Money to your bank within 1 hour*
We will always give you an instant decision. If approved, and the consumer credit agreement is signed you will get the money in your account within 1 hour. Now that’s FAST!
How Cashfloat’s Short-Term Loans work:
Step 1 – Quick Online Form
Our secure online application form is designed to be easy – let us know how much you’d like to borrow and for how long, share some details about your finances, and there’s no application fee regardless of our decision.
Step 2 – Instant Decision
We work fast to take the stress out of short-term loans and will usually provide you with a confirmed outcome within two to three minutes – if not before!
Step 3 – Payout Within An Hour
Approved loans don’t require any hurdles, and once your agreement is signed, we’ll normally have your funds in your preferred account in as little as an hour.
Step 4 – Repay In Monthly Instalments
We’ll pre-fill most of the information for you and save you time when it comes to your repayments.
What is a Short-Term Loan?
Short-term loans are unsecured instalment loans – that means your borrowing isn’t secured against your home or any other asset. The borrower is paid one lump sum but repays in monthly instalments, spreading the cost over their selected repayment period.
Short Term Loans vs Payday Loans
Payday loans are specifically designed to tide you over until payday and have lower minimum borrowing amounts and higher interest rates.
Why Short-Term Loans Are More Manageable
They’re called ‘short-term’ because they only span a short period (up to 12 months) compared to bank loans. At Cashfloat, we offer short-term loans up to nine months, with the flexibility to repay early without incurring penalties.
Typical Borrowing Amounts and Durations
Short-term instalment loans are suited to borrowing needs from £300 to £1,500, while payday loans start at £250, with repayment schedules of up to nine months depending on your circumstances.
If you need to compare the options, you can use the ChooseWisely.co.uk tool to see which are the best short-term loans for you.
How much can I borrow?
Short-term loans are available from £300 to £1,500, with a quick online application and loans approved and funded every hour.
Factors That Influence Borrowing Limits
We’re a responsible short-term loan lender and need to assess your affordability fairly to ensure you’re not borrowing more than you can comfortably repay. Lower income, higher outgoings and existing loans affect the maximum lending we can offer.
How Repeat Customers May Qualify for Higher Limits
Having a track record of on-time repayments and well-managed borrowing means we know you’re handling your fast short-term loans properly and have confidence that you’re only applying for loans you know you can repay.
Am I eligible to apply?
Cashfloat assesses all applications before offering a decision, and we’ll have to verify that you:
- Are a UK citizen and at least 18 years old
- Have a UK-based bank account
- Can afford the loan you’re requesting
If all of these apply, you are welcome to submit your application at any time.
Required Income and Financial Stability
We need to check that you have a steady, reliable income source to manage your repayments – that could include benefits, employment income, a pension and other earnings.
Employment and Benefit-Related Considerations
In some cases, we’ll need to review the reliability of your income, such as whether you have a contract of employment, are at risk of losing your job, or receive benefits that may be due to end.
Why Affordability Is the Main Approval Factor
Affordability is the primary aspect we assess, checking that every individual can manage their repayments, isn’t overstretching, and won’t face further financial difficulties due to excessive borrowing.
Quick Apply With Cashfloat
Why a Simple Application Improves User Experience
No headaches, no complicated forms and no long-winded call queues – apply for short-term loans online with just a few pieces of key information.
Security and Data Protection Reassurance
Rest assured, your information is kept 100% confidential, seen only by our in-house approvals and loan assistance teams, and is never shared with any third party.
Ready to apply for a loan?
Repay over 3 months, 2 monthly repayments of £230.26 , last month repayment of £230.27
APPLY NOWRepay over 4 months, First month repayment of £ 136.62 , 2 monthly repayments of £ 212.55 , last month repayment of £ 129.07
APPLY NOWCan I Get a Short-Term Loan with Bad Credit?
Cashfloat believes that short-term loans are a necessity for people with all kinds of credit scores and can often help – even if you have a credit score of 450 or below.
Provided you can afford your repayments and aren’t putting your financial health at risk, we will be happy to consider your application.
Why Short-Term Lenders Consider More Than Credit Score
Credit scores matter, but they’re only one part of the puzzle. We consider affordability, the stability of your income, your expenses, and the purpose of the loan when making decisions.
Security and Data Protection Reassurance
We often support applicants with a low credit rating and recommend using our affordability calculator to check that you meet all the criteria, poor credit aside.
How Do Repayments Work?
All Cashfloat short-term loans have an optional Easy-Start feature, which means you can reduce your first repayment, giving you an extra month to pay back your loan with zero additional cost.
Picking Your Preferred Repayment Date
When you apply, you’ll be asked to choose the day of the month your repayments are made and whether you’d like to repay over three to nine months.
How Direct Debit Collection Works
Direct Debit is a secure way to make repayments, and we’ll generally deduct these agreed amounts from the same bank we’ve paid your funds into.
Early Repayment Benefits
If you’re able to repay your loan early, you can do so free of charge, saving money on interest and closing your account earlier rather than later – such as repaying a six-month loan during month five.
What To Do if You’re Struggling To Repay
Should you be concerned about repayments, please contact us as soon as possible. Our UK-based customer service team is here to help and will endeavour to find a solution that works for you.
Short-Term Loans for Different Credit Scores
As a direct lender, Cashfloat considers applicants with all credit scores and aims to expand access to safe, affordable short-term borrowing.
Good Credit Borrowers
If you have good credit, your approval chances are higher, but we’ll still need to ensure you have the income to afford your repayments without putting your finances at risk.
Fair Credit Borrowers
Most people have a reasonable credit rating, and this means you have a good chance of having your application approved, provided you meet the responsible lending criteria we apply.
Poor Credit Borrowers
Low credit scores won’t automatically exclude you from applying for a quick short-term loan from Cashfloat, as a short-term loan direct lender for bad credit. This is just one of the factors we look at when reviewing each individual application.
First-Time Borrowers
Applicants who have never taken out a loan before may not have a credit score – we’ll assess affordability and your overall financial health when making a decision.
When Should You Consider a Short-Term Loan?
Unsure whether a short-term loan is right for you, or if you’d be able to borrow the amount you need? Here are just some of the thousands of reasons we’ve extended loans to our UK customers.
Urgent Expenses and Unexpected Bills
Discovered you have a higher-than-expected bill or an unanticipated invoice you need to pay now? A quick loan with a short repayment period may be the answer.
Temporary Income Gaps
Short-term lending is often an option for applicants between employment positions, with a delayed payroll date, or waiting for a new revenue stream to get started, who may need, for example, a £400 loan over a temporary period.
Car or Home Emergency Repairs
Appliance and vehicle breakdowns, floods and fires happen – and if you’re not insured or need help to maintain your routines while waiting for your insurer, our immediate decision process is ideal for applicants looking for a £500 loan or a larger £1,000 short-term amount.
When Not to Take a Short-Term Loan
Borrowing ever-higher amounts to cover debt when you’re uncertain when, or if, you’ll be able to repay is strongly inadvisable and falls outside the responsible lending criteria we commit to.
Responsible Borrowing Guidance
Short-term loans incur interest charges, and it’s vital you know how much you are borrowing, what the total repayments will be, and check that you can comfortably afford the instalments before you apply.
How to Assess Whether Borrowing Is Right for You
We’ve shared some scenarios where short-term borrowing is a solution, but if you’re considering a loan to cover other debt or are reliant on loans you cannot afford to repay, you may be advised to seek debt management support.
Understanding Loan Duration and Affordability
Extending the duration of your loan will reduce your monthly repayments but will mean the total you repay will be higher. We recommend using our loan repayment calculator to explore your options.
Tools Such as Budget Planners and Affordability Calculators
Budget planners help you see your income and expenses on a month-by-month or week-by-week basis, and calculate how much spare income you’ll have, and whether this is enough to cover your repayments – such as contrasting the repayments against a three-month loan with the overall cost of a four-month loan.
Comparison: Short Term Loans vs Other Quick Borrowing Options
Short term instalment loans offer a structured, regulated way to cover urgent expenses without relying on products that may be harder to manage or less transparent. As a direct lender, Cashfloat provides clear costs, predictable repayments and faster access to funds than many alternative borrowing routes.
Repayment Flexibility
Short term loans allow borrowers to select a repayment schedule that matches their income cycle. Fixed instalments over three to nine months make budgeting easier, with the option to repay early at no extra cost if circumstances improve.
Ease of Access
Applications are completed online in minutes, with decisions returned quickly and funds issued the same day once approved. This ensures you can handle emergencies without lengthy approval processes or paperwork.
Understanding Risks and Suitability
Short term loans are designed for temporary cash flow issues, not ongoing financial difficulties. Before applying, borrowers should check affordability and ensure the repayments fit comfortably within their budget. Cashfloat’s loan calculator and affordability tools make this simple.
When Short Term Loans Are the Better Choice
When you need a clear, time-limited borrowing option with fixed costs and no unexpected fees, short term loans offer a safer and more controlled alternative. They are particularly useful for urgent bills, emergency repairs or one-off expenses where a longer-term commitment is unnecessary.
FAQs: Short Term Loans in the UK
What is the difference between short term loans and payday loans?
There is a big difference between a traditional payday and a short term loan. A payday loan allows you to borrow money until your next payday. They are very short term but are helpful if you need cash fast. These loans are costly as they come with high-interest rates.
However, short term loans have more extended repayment periods than payday loans. You can take out a loan for up to 12 months and split the payments into monthly instalments. This allows you to spread the costs, making the repayments more manageable.
Is Cashfloat a short term loans direct lender?
Yes! From the very beginning, Cashfloat has put the safety of their customers at the forefront of the business. As the most trusted payday loans direct lender in a tarnished industry, we have introduced fair and flexible repayments to our niche. We take every precaution to make sure that you can afford the payments by carrying out extensive affordability checks to ensure that the loan will not put you into financial distress.
Can I get a cheap short term loan from Cashfloat?
Borrowing a short term loan online will always be more expensive than a longer-term loan because of the risk involved for the lender. However, sometimes they are worth it if you have to pay for an emergency expense. Even though shorter-term loans tend to have higher interest rates, they can work out cheaper than going into an overdraft on your bank account in an emergency. Cashfloat’s short term loans have a lower APR than many other lenders in the UK.
Our daily interest rate is capped at 0.8%. You can see a representative example here: Borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments £224.60, last monthly repayment of £112.20. Total repayment £1,179.05. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Daily interest is capped at 0.8%. Representative APR includes all applicable fees. We use simple interest, which is cheaper than compound interest used by the banks.
How does a short-term loan with Cashfloat work?
You can apply directly to us online and can request to borrow from £300 to £1,500. Approved loans are repaid in fixed instalments over three to nine months, with the full cost always shown upfront.
How quickly can I receive the money after approval?
YIf your application is approved, funds are normally transferred within an hour of you signing the agreement, depending on your bank’s processing times.
What can a Cashfloat short-term loan be used for?
Common uses include borrowing to finance emergency repairs, pay urgent and unexpected bills, or cover short-term financial gaps where you need quick access to safe credit.
How much can I borrow on a short-term basis?
Short-term loans range from £300 to £1,500, with maximum limits that depend on factors like your affordability assessment and financial circumstances.
Can I get a short-term loan from Cashfloat if I have bad credit?
Potentially, yes. We consider applicants with a wide range of credit profiles and make decisions mainly based on affordability and whether you have demonstrated good money management after previous credit issues.
How do repayments work?
Repayments are made monthly by direct debit on your chosen day. You can also select your preferred term of between three and nine months as best suits your budget and borrowing needs.
Can I repay early to save money?
Yes! We offer the option to repay your short-term loan early, without any penalties, if your circumstances change. Settling early reduces the total interest you pay and is something we never penalise.
Do I need to provide documents during the application?
Most applicants simply need to share their personal and income details with us to begin our fair assessment process. In some cases, we might request additional documents and will explain why we’ve asked for these, where necessary.
Do Cashfloat’s short-term loans require a guarantor?
No. Our short-term loans are unsecured, which means you do not need a guarantor – instead, we’ll assess your affordability as the primary factor.
Can I apply if some of my income comes from benefits?
Yes, we can consider applicants who receive benefit income, as long as you have another reliable, stable income source and your combined budget will support your regular repayments.
Is a short-term loan suitable for emergencies?
It can be, and urgent bills or unanticipated outgoings are among the most common reasons to apply for temporary lending. However, it’s important to ensure that the repayments fit comfortably within your budget and that you review all options.
What happens if I think I might miss a repayment?
We suggest you contact our customer support team as soon as possible if you’re worried about making a repayment. We’ll work with you to find the best solution based on your situation.
What factors influence approval for a short-term loan?
Cashfloat assesses every application individually, and key considerations include the stability of your income, the essential outgoings you need to cover, your recent financial circumstances and whether the repayments will be affordable.