Payday Loans from a UK Direct Lender

Borrow £300–£1,500 with 3–9 month repayments from a fully FCA-authorised UK lender. Check eligibility with a soft credit check, review your personalised offer, and decide with confidence.
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 repayments can cause you serious money problems. For help, go to moneyhelper.org.uk

Before You Apply:
What You Need to Know

  •  Soft eligibility check – checking won’t affect your credit score
  •  No obligation – approval doesn’t mean you must accept
  •  Costs capped by law – you’ll never repay more than 100% of what you borrow
  •  Early repayment allowed – repay early at any time with no penalties
  •  Fast decisions – same-day funding often available
Check Your Eligibility

Takes ~5 minutes • Soft credit check • No obligation

Quick answers

How Payday Loan Costs Work (Clear & Capped)

Payday loans are designed for short-term financial needs and come with higher interest rates than traditional loans. To protect borrowers, costs are strictly capped by UK regulation.

Important: Payday loans are not suitable for long-term borrowing.

UK Cost Caps Explained

  • Daily interest cap: maximum 0.8% per day
  • Missed payment fee cap: maximum £15 per loan
  • Total cost cap: you will never repay more than 100% of the amount borrowed

Representative Example

  • Borrow: £700
  • Term: 6 months
  • Total repayable: £1,179.05
  • Interest: £479.05
  • Repayments: 1st monthly repayment of £168.45, 4 monthly repayments £224.60, last monthly repayment of £112.20

You can repay early at any time without penalties. All costs are shown clearly before you sign – no hidden fees.

Cashfloat’s Easy-start option allows you to pay less in the first month before getting into your equal loan repayments. It doesn’t cost you more; it just spreads your loan repayments more conveniently.

How much do you need?
Other amounts

Need a payday loan quickly?
Let’s start!

£500
Borrowing
£190.79
Interest
£690.79
Repayment total

Repayment period: Three months, Two monthly payments of £ 230.26 , last month repayment of: £ 230.27

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Will Checking My Eligibility Affect My Credit Score?

No. Your eligibility check uses a soft credit check, which does not leave a visible mark on your credit file.

When Does a Hard Credit Check Happen?

A hard credit check is only carried out right before funding, after:

  • You’ve been found eligible
  • Affordability and fraud checks are completed
  • You choose to proceed

A hard credit check is only carried out on applicants that pass our affordability, credit and fraud checks and choose to proceed to a funding decision. If you decline the offer, no hard search is completed.

How the Application Process Works

To apply for a loan with Cashfloat, you need to:

  1. Choose your loan (£300–£1,500, 3–9 months)
  2. Complete a short online application
  3. Eligibility & affordability checks
  4. Review your personalised loan offer
  5. Accept or decline – no obligation
  6. Get funded once final checks are complete
Check your Eligibility

Soft credit check • No obligation

How Fast Will I Receive the Money?

Once approved and accepted:

  • 95% of approved loans are funded the same day
  • 35% are funded within 30 minutes
  • Funding is available 24/7 for applicants who complete the application accurately and provide all required information.

Timing can depend on:

  • Your bank’s payment processing
  • The time of approval
  • Completing the application fully and accurately

Applications approved late in the day or on weekends may be paid the next working day.



Who We Are: FCA Authorised UK Direct Lender

Cashfloat is a UK-based, FCA-authorised direct lender, operating continuously under FCA regulation since 2014.

  •  FCA Full Permission Licence: 714479
  •  ICO Registration Number: Z3305234
  •  We lend our own money
  •  We not sell or share your data without consent

Authorised and regulated by the Financial Conduct Authority.



What Customers Say About Cashfloat

As a direct lender, we have consistently upheld a high standard for fair borrowing from our very beginning. Our customers’ needs and requirements are always our top priority.

Who Can Apply?

You may be eligible if you:

  • Are 18 or over
  • Live in the UK
  • Have a regular source of income
  • Can afford the repayments

Common Reasons Applications Are Declined

  • Insufficient or unstable income
  • Existing financial commitments
  • Incomplete information

How Payday Loans Can Affect Your Credit File

  • Eligibility check: soft search
  • Accepting a loan: hard search (temporary dip)
  • Repaying on time: may help demonstrate responsible borrowing
  • Missing repayments: can negatively affect your credit score

What If I Struggle to Repay?

  • Grace period available: upon request
  • Contact us early: we will always strive to find a solution you can afford
  • No risk to your loan or credit: when you engage early


Ready to Check Your Eligibility?

Find out if you’re eligible with no obligation and no impact on your credit score. A hard credit check is only carried out if you choose to proceed after being found eligible.

Check Your Eligibility

Fast • Secure • FCA-regulated