Need a £1,500 loan to pay an urgent bill that just cropped up? You’ve come to the right place! We’re a trusted UK direct lender and authorised credit broker. We offer £1,500 payday loans with a fast payout, even to people with a poor credit score. Apply now for your loan, and if you’re approved, the Cashfloat team will get the funds in your bank account within one hour*.
Whether you need to borrow money for home maintenance, car repairs, to fix a broken appliance or for another emergency expense, Cashfloat can get you the cash you need fast. All you need to do is apply online, and you’ll get an instant decision.
How do Cashfloat £1,500 payday loans work?
With Cashfloat, you can borrow a £1,500 payday loan over six or nine months. Our payday loans come with fast delivery and high approval rates, and they’re perfect for people who are stuck for cash when an emergency expense crops up. Cashfloat can get funds to you fast if you’re facing a short-term financial emergency.
As well as £1,500 loans, we offer payday loans for smaller amounts and flexible repayment conditions. You can look at the different borrowing options with Cashfloat on our loans calculator here.
With Cashfloat, you can make early repayments towards your loan or even close your whole loan account early to save yourself money on interest payments. As well as this, we’re a responsible, Financial Conduct Authority (FCA) approved lender. We follow all the FCA requirements that are in place to protect your financial safety, and we care about our customers.
Who is eligible for a £1,500 loan?
To be eligible for a Cashfloat loan, you must:
- Be at least 18 years old
- Be a UK citizen
- Hold a UK bank account
- Have a steady source of income
What other loan amounts are available from Cashfloat?
We offer payday loans for amounts between £300 and £1,500, perfect for most short-term financial emergencies. Repayment periods vary between three and nine months, depending on the amount you borrow as well as your own personal preference.
If you need to replace a broken window, fix an oil leak on your car, pay an unexpected bill or deal with another short-term financial emergency, we can help. Our loan amounts are perfectly suited for these kinds of problems. Just make sure you know exactly how much you need. After all, you don’t want to pay interest on extra money you don’t actually need. Likewise, you don’t want to have to look for extra funds if you don’t borrow enough in the first place.
Make sure you can afford a loan before you take one out as well! You can use our affordability calculator if you’re not sure.
Cashfloat small personal loans
As well as £1,500 payday loans, we also offer £1,500 loans as part of our small personal loans deal. With small personal loans, you can borrow between £1,000 and £2,500 and repay the money over six or nine months. As well as it being possible to borrow more, these loans come at lower interest rates. This makes them perfect for financing non-urgent expenses like redecorating your home or buying a new computer.
Because small personal loans come with lower interest rates, the eligibility criteria are slightly stricter than they are for payday loans. You’ll need to prove you can afford to repay one of these loans before we can give you one, and the requirements are slightly more tough. For the highest approval rates and the most convenience overall, payday loans are the best choice.
Payday loans are also the best choice for small amounts, below £1,000.
How soon will I get the money?
We understand that, when people decide to take out a payday loan, what they often need most of all is fast funding. That’s why we’ve built the Cashfloat system to deliver fast payouts. We aim to provide an immediate approval decision on all loan applications and fund people’s bank accounts within one hour of approval*. Overall, our aim is to deliver a loan within 90 minutes of an application being made.
If we could provide loans even faster, we would. There are slight delays, however, because we have to complete a credit check for every loan applicant as well as doing some other background work. Credit checks are an essential part of responsible lending, and they’re there to make sure we don’t give loans to people who can’t afford them. They’re also an FCA requirement.
Please note that applications made outside of normal office hours, Mon-Fri, will be processed first thing on the next working day.
Can I borrow a £1,500 loan if I’m on benefits?
You can apply for a Cashfloat loan if you’re on benefits. However, benefits shouldn’t be your only source of income. To be eligible for a Cashfloat loan, you must have a reliable source of income. Benefits can form part of this, but you will need to have a regular source of paid income alongside them to be eligible for a Cashfloat loan.
Cashfloat £1,500 loans for bad credit scores
Cashfloat are specialist payday loan providers for people with bad credit scores.
We think it’s unfair not to lend to someone who can afford to repay a loan just because they have a bad credit score. Where other lenders refuse people based on their credit score, Cashfloat often supply the funds. What we do is look closely at a person’s current level of affordability. If a person has a reliable enough source of income and is able to afford to repay a loan, then there’s a good chance they’ll get funding from Cashfloat.
Be aware that it’s best to try and repair your credit score if you have a bad one. With a bad credit score, the interest rates you’re offered will likely be higher, you may not be able to borrow as much, and there might be other disadvantages as well. While it may not always be a problem with Cashfloat, having a poor credit score isn’t ideal, and so it’s always worth trying to repair your credit rating if it’s dropped.
What about loans that are offered with no credit check?
The FCA does not recommend taking a loan from any lender that offers one with no creditworthiness check. These lenders are acting irresponsibly, they’re not following the FCA’s rules, and they do not care about your financial safety. Every responsible lender will carry out a credit check on every loan applicant, and lenders that don’t should be avoided at all costs.
Cashfloat is a responsible lender who cares about your financial health. We do not approve any loan without a credit check, even one for only £300, because we take our customer’s financial health seriously.
Why apply for a £1,500 loan with a direct lender?
It’s normally better to go to a direct lender than a credit broker when you’re looking for a payday loan.
The application process with a direct lender is quicker than it is with a credit broker, and this is one big benefit. This is because a broker takes your application to several lenders before they offer you your various options. Brokers also charge extra, unnecessary fees. On top of this, they share your personal information with other parties, and it’s more difficult to get in direct contact with your lender.
At Cashfloat, we’re a direct lender, first and foremost. If we can’t fund a loan for you ourselves, however, we can act as a broker to find you an alternative lender. We will only ever do this with your permission.
What can I use my £1,500 loan for?
Our loans should only be used for emergency expenses. They should not be used to alleviate long-term money problems or for non-essential expenses. For help with money problems, go to moneyhelper.org.uk.
Let’s take a look at how our customers use their loans:
Urgent home repairs – Your boiler may have broken down, your washing machine might have stopped working, or you may have a leak in your roof. These problems can leave you and your family in trouble. Applying for a loan, however, can help you fix them straight away.
Emergency car repairs – For most people, cars are their primary mode of transport. As useful as they are, they tend to break down when we least expect them to. If your regular salary isn’t enough to cover the cost of an urgent repair, a short term loan could help you foot the bill.
Emergency travel costs – The need to pay for urgent travel expenses crops up when there’s an unexpected event in a distant location, such as a family emergency. A £1,500 loan could provide you with enough money to buy plane, train or hotel tickets in an emergency.
Are £1,500 loans available 24/7?
Our online application system is open for new applications 24 hours a day, seven days a week, 365 days a year. We will process your application as soon as we can because we understand that people who apply for payday loans are often in a tight spot and need to get hold of their cash loans fast. If you apply on a bank holiday or weekend, we’ll process your application as soon as we can on the next working day.
What if I can’t make a monthly repayment on time?
We understand that all it takes to mess up a repayment plan is another unexpected expense or emergency. As soon as you realise you won’t be able to make a monthly repayment, you should contact our customer support team. They’ll try to come to an arrangement with you that better suits your circumstances.
Remember, before you apply for a loan, it’s important to be certain you can afford the repayment terms.
Is it safe to take out an online loan?
Before applying with any online lender, make sure they’re fully authorised by the FCA. You can do this by going to the Financial Services Register and looking for the lender in question.
Every lender’s website should clearly display the company’s FCA number in the footer so that people can check for themselves. Companies that have interim FCA permission can be trusted as safe and responsible lenders. However, companies that have full FCA permission are the best and most reliable ones to use.
Western Circle trading as Cashfloat has full FCA permission, and this enables us to legally provide consumer credit under the Financial Conduct Authority’s rules and regulations. This can be confirmed on the FCA website, and you can see our authorisation here.
Do Cashfloat loans need a guarantor or security?
You do not need a guarantor or security to apply for a Cashfloat loan. This is when someone co-signs for your loan or you offer an asset that the lender has rights to if you fail to repay your loan. This makes borrowing with Cashfloat much faster and easier.