£400 Loan

Looking for a £400 loan? We offer affordable loans even for those with bad credit. Get the money into your bank account within 1 hour* of approval
Apply now for £400
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%.

Do you need to borrow £400 to pay for an emergency repair or a bill that has just come up? You have come to the right place! We are a premium direct lender that specialises in loans for poor credit. Apply now for your 400 pound loan and find the money in your bank account the same day. The Cashfloat Team are awaiting your application and you will get an instant decision.

62,497 people
borrowed a
£400 loan
in 2020.

Whether you need to borrow money for an emergency expense or car maintenance, Cashfloat can get you the cash you need fast. All you need to do is apply here, and you’ll get an instant decision.

Bad credit does not automatically mean a decline
Money in your bank account in 1 hour*, if approved
Flexible repayments – repay however early you want and save
Apply now for £400

Over how many months can I borrow 400 pounds?

With Cashfloat, you can borrow £400 over 3 or 4 months. Of course, you can always make early payments towards your loan or even close the whole loan early – both of which will save you money – using our savings calculator in the login area

Can I get a £400 loan with bad credit?

Having bad credit makes it hard to get a loan. But with Cashfloat it’s different. Whatever your credit score, you’re welcome to apply for £400. If you pass our affordability test and its safe for us to lend you credit there’s a good chance you’ll be approved. Bear in mind that interest rates for borrowers with a bad credit score are higher, so working to repair your credit rating is worthwhile.

How quick can I get a £400 loan?

Your application could be processed within minutes, and you could receive your 400 loan within an hour* of approval into your bank account. As a regulated payday loan lender, Cashfloat have to check that you can afford the loan, and therefore don’t pay out loans instantly. However, we do provide instant decisions so you won’t waste time waiting to hear if your application is accepted.

Can I get £400 payday loans with no credit check?

No. Cashfloat is a trusted lender who cares about your financial safety. Even for small amounts like £400, we don’t offer loans with no credit check because they can put you under financial duress if you can’t really afford to borrow credit.

60% of people who borrow £400 are Male
67% of people who borrow £400 are Single
The average age for people who borrow £400 loans is 36 years old
The most common job fields for people who borrow £400 are Sales, Customer Service and Warehouse
The top 3 cities where people took out £400 loans are: London, Manchester and Birmingham
People who borrow £400 loans earn an average of £3,298 a month

What is the eligibilty criteria to apply for a loan amount of £400?

To apply for a loan with Cashfloat, you must:

  • Be 18 years or over
  • Be a UK resident
  • Have a steady source of income, (can be salary, benefits or pension etc.)
  • Hold a UK bank account

Why borrow a £400 loan from a direct lender?

A payday loans direct lender processes your application and gives you money directly. In contrast, when you submit your application form to a licensed credit broker, they sell it to direct lenders which makes the process longer and less personal. They may even charge a fee for this. The company that bought your application will then decide whether or not to lend to you. Our opinion: Borrow money online from a direct lender like Cashfloat for a faster and safer experience.

Can I access £400 loans 24/7?

You can access our loan application 24/7, 365 days a year. Applications are processed Monday to Friday from 9am to 5.30pm and Sundays and bank holidays from 9am to 4pm. We are committed to providing the money you need without delay.

Can I get a £400 loan if I’m on benefits?

Yes, you can. As long as you have a steady source of income- benefits included- and pass our affordability test, you have a high chance of acceptance. We may ask you for proof of your benefits income, so be prepare to provide this if necessary.

What can I do if Cashfloat can not approve my loan application?

At Cashfloat we do our best to approve every application that comes through our systems. However, there are times when we can not approve an application. At these times, with your permission, we are able to act as an authorised credit broker to help you find short term loans elsewhere. Our broker services can those even with a bad credit file and we do not charge customers anything for this service.

What if I can’t repay my £400 loan on time?

Personal circumstances can change and sometimes a person may be unable to meet their loan repayment terms on time. All it takes is one unexpected bill, or an emergency repair to throw your repayment plan off kilter. The best thing to do if this happens, is to assess how much you can afford to pay to your creditors in the coming months, and reach out to them to renegotiate a repayment plan. At Cashfloat, our customer service team are very understanding, and will advise you on the best way forward.

Remember, before taking on a loan agreement, it’s important to check that you can afford to make the repayments. When taking on short term loans, you sign a consumer credit agreement which is a legal document saying what creditors can do when they lend money and collect it.

For help with debt, go to money advice service.

Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk.