Try Out Our Payday Loan Affordability Calculator

Cashfloat Affordability Tester

If you pass our affordability test, you can click 'Apply Now' and you will not need to fill out the information again on the application form.

Step 1 of 3

Monthly income

Monthly Net Salary

Other Income Other regular sources of income, such as benefits, pensions, other regular work

Number of Dependants

Over 40% of online loan applications are declined because the applicant cannot afford the repayments. Have you passed the lenders’ affordability test? If yes, simply click on the apply button above to complete and submit your application.

Our tips for passing affordability

We know that applying for credit is always stressful. Getting declined for a loan is even more so, and more stress is the last thing anyone needs. We can help you and your family take one step forward, towards financial stability and stress-free living. To help you, we’ll explain how payday loan direct lenders in the UK calculate affordability and give you some tips for working out whether you can afford a loan.

How do lenders calculate affordability?

Lenders work out your disposable income by subtracting your expenses from your income. If this figure is higher than the monthly repayment, then they will happily fund you the short term loan online. All direct lenders will display the repayment plan and the amount you will have to repay each month at the top of the application form, so make sure that your disposable income is higher.

When filling out your income

Take into account, side jobs, overtime, government benefits and other financial support that you get every month. The higher your income, the higher your chances for approval.

When filling out your expenses

Make sure only to include net costs. So if your work contributes to your travel expenses, don’t include this in your travel costs. If your partner contributes to the utility bills, food etc, only include your share of the costs. If you are receiving a rent rebate from the government, make sure to exclude this from the total rent costs.

Considering the above points and making the necessary changes to your application will significantly increase your affordability and your chances of approval.

Important: Every time you submit an online loan application, it can impact your credit file, so take full advantage of our zero-impact affordability calculator to assess your affordability before applying for a loan. Once you are happy with the results, you can instantly apply for a loan online. You won’t have to fill out your affordability details again.