£600 Loan

Borrow £600 from Cashfloat, and get the money in your bank account today. Don’t worry about your credit score – we accept applicants with all kinds of credit histories!
Apply now for £600
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%.

If you need £600 but payday’s too far away to wait, you’ve come to the right place. The Cashfloat team work hard to approve loan applications, even from people with a poor credit score. Apply today! If you’re approved, and once the consumer credit agreement is signed, we’ll get the funds to your bank account within an hour*.

26,466 people
applied for a
£600 loan
from Cashfloat in 2020

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

Bad credit score accepted if you pass our affordability test
Friendly customer service team available to help via phone, email or livechat
Repay early for no extra fee, and save on interest payments
Apply now for £600

How long do I have to repay my £600 loan?

With Cashfloat, you can borrow £600 over three to six months. You can choose a time that suits you within this time period.

You can also repay your loan early if you have the money ready, and you’ll save on the interest you would be charged on your outstanding monthly repayments. Cashfloat doesn’t charge a fee for early repayment, so repaying your loan early is always a good idea if you can.

Have a look at our loan calculator to see the different interest rates you can get for a ££600 loan over different repayment periods. You can also look at borrowing bigger or smaller amounts and the interest rates and repayment periods that come with alternative loan amounts.

Can I get a £600 loan with a bad credit score?

We know it’s harder to find a loan if you’ve got a bad credit score. At the same time, people with bad credit scores also come across unexpected expenses like everyone else. Sometimes they need a loan to tide them over. That’s why we do our best to offer loans to people with bad credit scores. We run affordability checks, and if someone can afford a loan, then we’ll do our best to offer them one.

It’s worth knowing, however, that it’s always a good idea to try and repair a damaged credit score. With a little patience and a bit of effort, you could repair your credit score so that you don’t need to worry about being denied a loan in future. You could save yourself money if you can repair your credit score as well because loans for poor credit scores are often charged at higher interest rates.

Here’s some information from Citizen’s Advice about how lenders decide whether or not to give people credit.

Did you know that sometimes low credit scores are just caused by mistakes on people’s credit files? If there’s a mistake on your credit file, all it takes is a phone call to put things right.

Can I get a £600 cash loan with no credit check?

Not from Cashfloat, no. That’s because we’re a responsible, Financial Conduct Authority (FCA) authorised lender.

We can’t offer loans without a creditworthiness check because we follow rules the FCA have created to look after the financial safety of the general public. These rules include carrying out a credit check on every loan applicant. We make sure that you can afford a loan before we’ll approve by completing a credit check. While this can seem frustrating for some people, these rules prevent people from taking out loans they can’t afford to repay.

Read more about why payday lenders conduct credit checks on applicants here.

Why is it better to borrow a £600 loan from a direct lender?

The big benefit you get when you take a payday loan from a direct lender is that the application process is faster.

This is because there’s only one company that reviews your application. You apply directly to the lender, and they decide whether to give you a loan or not. If they do, they fund you the money directly as well. Communication never goes through a third party, and only one response is needed. If you apply to a credit broker, on the other hand, they send your application to several companies. The broker has to wait for responses, and then they get back to you with different loan options for you to choose from. After that, you make a decision, and your application is then handled through the broker.

As well as taking longer, credit brokers charge a fee for the service they provide. Your personal information is also less secure with a broker, and it might be difficult to talk directly to the lender after you take out a loan. If you want to save money, get your loan quicker and enjoy the other benefits, direct lenders are the way to go.

59% of people who took out a £600 loan are Male
61% of people who took out a £600 loan are Single
Average age for people who took out a £600 loan is 35 years old
Most common job fields for people who took out a £600 loan are Sales, Customer Service and Warehouse
Top 3 cities where people who took out £600 loans live: London, Manchester and Glasgow
People who took out £600 loans earn an average of £2,528 a month

Who is eligible to apply for a £600 loan from Cashfloat?

As a responsible lender, Cashfloat requires all applicants to meet the following criteria:

  • Be a UK resident
  • Hold a valid UK bank account
  • Be at least 18 years old
  • Have a steady source of income

Can I apply for an amount other than £600?

At Cashfloat, we offer payday loans for amounts from £300 up to £1,500. We welcome applications of any amount in that range from customers with a good or bad credit history. We have flexible repayment periods from 3-9 months, and don’t forget we’re a direct lender as well.

Can I apply for a £600 loan if I’m on benefits?

Yes, you can. You will, however, need to have another source of income besides benefits. If your only source of income is benefits, you won’t be approved for a Cashfloat loan. You need to have a reliable paid income alongside benefits. You’ll also need to pass our credit and affordability checks as well.

Does Cashfloat offer an alternative to payday loans?

If you’re looking for an alternative to a payday loan, you can apply for a small personal loan for £1,000 to £2,500. These are cheaper because they have lower interest rates and are repaid over a longer period of time. The longer repayment period you get with a small personal loan gives you longer to get back on your feet after an emergency expense affects your finances.

What if I can’t make a monthly repayment on time?

We understand that sometimes people run into difficulty with repayments. Personal circumstances can change, or unexpected events can mess up someone’s budget. It happens from time to time, and at Cashfloat we’ll try to help out if this happens to you.

As soon as you realise you’re going to be unable to make a monthly loan repayment, you should contact our customer support team. If it’s possible, they’ll come to an arrangement with you under which you’ll be able to repay your loan. We may be able to offer different monthly payments, for example.

As a reminder, before applying for a loan it’s important to check that you can afford the repayments. It’s also important to understand that if you don’t stick to your repayment agreement, your credit score could be negatively affected.

What can I do if Cashfloat can’t approve my loan application?

It sometimes happens that we’re unable to approve a loan request that someone makes with us. If this is the case with you, we can act as a credit broker and send your details to other brokers or direct lenders who may be able to offer you a loan instead. We’ll always ask for your permission before we do this. We also don’t charge customers for our broker services, and we only use lenders that are authorised and regulated by the FCA.

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