Our loan process

Direct lender. Authorised and regulated by the FCA.

Cashfloat’s loan process is simple and easy to navigate. There are some great aspects of our loan process that our customers have used us again and again for. We offer more installments with smaller repayments, a hassle free online application, no hidden fees, and on top of that a great customer service.


A step-by-step guide to how it works

Select the amount you want and fill out our online application form


Receive an instant lending decision


If approved, you can receive your money the same day


Make your monthly repayments tailored to you

How much can I borrow?

With Cashfloat you can borrow from £300 to £1000. Being a short term direct lender, you can pay back your loan in up to 6 instalments. We encourage our customers to pay back the loan as soon as they can so they can avoid paying unnecessary interest.

Amount Duration
£300 – £350 3 months
£400 – £550 3-4 months
£600 – £650 3-5 months
£700 – £900 3-6 months
£950 – £1000 4-6 months

How do I apply?

Am I eligible for a Cashfloat loan?

As a responsible lender, you must meet the following criteria before applying for a loan with us:

  • Be a UK resident
  • Have a UK bank account
  • Be over 18 years old
How much do you need?
Other amount
Ready to start?
Repayment total

Repay over: 4 months, 1st monthly repayment of: £171.25, 2nd monthly repayment of: £228.35, 3rd monthly repayment of: £228.35, 4th monthly repayment of: £114.15


Cashfloat’s Open Banking Service

We have just launched our new Open Banking service with our FCA authorised partner, consents.online. With this new service, we can minimise application processing time to get your loan funded even quicker. Once you have been pre-approved for your loan, you will need to provide your name and phone number and then select your bank. Following this, you will be asked to verify yourself using “Open Banking”. Your bank will then work together with consents.online using Open Banking API’s to get us the information we need.

Consents.online are an Account Information Service Provider (AISP) regulated by the FCA. Consents.online shares data with us using Open Banking, in a safe and secure way. With consents.online, the customer is in charge, and they have the power to retract access at any time from providers you have previously given access to. With consents.online, you are in control of who has access to your data.

Cashfloat’s new ‘Easy Start’ Feature

“People need payday loans, but can we make them more affordable and manageable?”
This is the question we asked ourselves as the drawbacks of payday loans became more and more evident in 2019. One of the biggest problems with payday loans is that people were finding that the first payment came too soon – even before they managed to get back on their feet. Sometime the hefty first repayment crippled them – couldn’t lenders just give them a break? So we came up with ‘Easy Start’.

With Cashfloat’s ‘Easy Start’ Technology, you get to pay less on your first instalment, making your loan repayments more manageable and allowing you time to get back on your feet. Moreover, we do NOT charge any extra interest for the extra month that you’ll have the loan. Here are some common questions about our new feature:

FAQ’s about ‘Easy Start’

What is the ‘Easy Start’ feature?

The ‘Easy Start’ feature is a new way of setting up repayment plans so that our loans are more comfortable to repay. We add one extra payment but reduce the first payment to a more manageable amount. With a reduced first instalment, we hope to give you a more relaxed start to your loan repayments.

If the loan is longer, isn’t it more expensive?

No. The whole reason we introduced ‘Easy start’ was to make loan repayments more manageable without increasing the cost of the loan. The total amount you pay is exactly the same, just divided up more conveniently. This makes our loans easier to repay, and by far more affordable. In fact, you can see that the APR of your loan is much lower when using ‘Easy Start’.

Why are ‘Easy start’ repayments not equal?

We think that the first payment should be smaller, since this is the payment which is closest to the loan’s start date, and to the reason you took the loan in the first place. By giving you a first reduced instalment, we aim to provide you with more time to get your finances in order before you have to make a substantial payment on your loan.

Can I still pay early if I want?

Sure! We always welcome you to repay the loan as early as you want and save interest. If you repay an ‘Easy start’ loan early, it’s a double win for you! You get lower daily interest plus you save more interest because of early repayment.

What’s the catch?

There is no catch. Our goal is to make our loans more affordable and easier to repay. We hope you enjoy our new feature and we welcome any feedback!