Has an emergency just come up? Do you need some money to pay for a home maintenance job or to cover an urgent bill that’s just come in? The Cashfloat team is here to help. We offer unsecured loans up to £2,500. Whatever your credit rating, you can apply with us. Once approved, you can receive your money within one hour*.
Whatever you need the money for, Cashfloat can get you the cash you need quickly. We’re also regulated by the Financial Conduct Authority (FCA), so you can rest assured that we’re a responsible lender.
Can I get a £2,500 loan with bad credit?
If you need to borrow £2,500 but have a poor credit history, you don’t need to worry. Cashfloat is a direct lender that specialises in loans for people with bad credit scores. We’ve helped 1,000s of customers in the UK with a bad to fair credit rating get the funds they need.
To apply for a £2,500 loan, you must meet the following eligibility requirements:
- Be at least 18 years old
- Be a UK resident
- Hold a UK bank account
- Have a steady source of income
If we cannot approve your instant cash loan application ourselves, with your permission, we can act as an authorised credit broker. In this case, we’ll try to find you an alternative lender from our panel of lenders. Cashfloat does not charge customers a fee for this service.
Can I get a £2,500 loan today?
One thing that’s really helpful when you’re facing a financial emergency is fast funding.
Luckily, our same day loans are designed to help people in the UK who are dealing with a financial emergency get fast funding. Once you’ve completed your loan application, you’ll receive an instant decision. If you are approved and once you’ve signed the consumer credit agreement, you should get your money within one hour*.
What can I use a £2,500 cash loan for?
You can use your loan for any financial emergency that can’t wait until your next payday. Examples of uses for payday loans are paying an unexpected bill, funding a medical emergency or paying for home maintenance that needs doing.
Some people also apply for payday loans or other types of loans to use them as credit building tools. They take out a loan and then make the repayments on time to demonstrate they’re a responsible lender. This boosts their credit score.
Note: We do not recommend using cash loans to fund non-essential things like a holiday or wedding expenses.
Will Cashfloat approve a £2,500 loan over 12 months?
The repayment period we offer for a £2,500 loan is between six and nine months. Unfortunately, we can’t provide a £2,500 loan for 12 months.
If you take out a loan and find you’re unable to make repayments, you can contact us and we’ll try to help. Just get in touch with our team, and we’ll try to come to an arrangement that makes it easier for you to repay your loan.
Can I take a £2,500 payday loan with no credit check?
Being a responsible direct lender, we conduct a credit check on all loan applicants. This is a normal part of lending and is done to protect people’s financial safety. Credit brokers or lenders that don’t perform credit checks are irresponsible. They may not even be authorised by the FCA, and they should definitely be avoided.
Even though we conduct checks on a potential customer’s credit report, these checks only form part of our decision making process. We look beyond a person’s credit score when we assess their ability to afford loan repayments. What we do is assess an applicant’s current level of affordability when they apply for a loan. If someone can prove they can afford a loan despite having a poor credit score, there’s a good chance we’ll approve them.
If you’re not sure you can afford a loan, you can use the Cashfloat loan affordability calculator.
Where can I get a £2,500 business loan?
Can I get a £2,500 loan over 2 years?
If you are looking to get a £2,500 loan with Cashfloat, we can’t provide a repayment period of two years. Our loans are designed to be used in emergencies and to act as short term loans. As such, the maximum loan term we currently offer is 9 months.