Get your direct lender loan from Cashfloat
Fast. Easy. Direct.

Looking online for loans direct? We’re here for you. Apply now with Cashfloat, a responsible direct lender. You can get up to £1,500 deposited into your bank account within 1 hour, if approved. We specialise in loans direct for bad credit and will never ask for a guarantor. Try Cashfloat today for your loans direct!

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What are Loans Direct?

Loans direct are short term loans from a direct lender. No broker involved.

So you need a loan, and you need it fast! But can you clearly tell what the right loan product is for you? Well, in this article we will try to help you understand the main differences between the loan options you are likely to find online. Direct lenders and lead providers use different names to describe the very same products. For example, loans direct is not a specific product. It is simply a term to describe a payday loan or a short term loan from a direct lender. The first step you want to take is a step towards complete transparency about the product you need.

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Testimonials
M
Miss Mary E
Verified Buyer

Very good loan company! Quick transaction. Thank you 🙂

A
Anonymous
Verified Buyer

They’re a direct lender, accessible by live chat and don’t charge the earth. They’ve helped me out in a time of need and although companies in this sector generally get a poor press, they have a role to play if used sensibly and responsibly. Top marks and thank you.

J
Mr John H
Verified Buyer

Used Cashfloat several times…polite & efficient staff, no problems and 1st class service

A
Anonymous
Verified Buyer

It did exactly What it said on the tin – quick easy direct – no hidden processes or issues – authorised quickly and paid even quicker – professional service

How our direct loans work
a step-by-step guide
1

Choose how much you need from £400 up to £1,500.

2

Get a lending decision within 90 seconds.

3

If approved, money will be sent directly to you bank account.

4

Make monthly flexible repayments directly to Cashfloat.

What Type of Loan do I Need?

When searching for online loans, you should always ask yourself what the critical factor that you need in the loan is. Is it timing – getting the loan as fast as possible? Or is it saving – getting the cheapest loan available for you? Maybe it’s having peace of mind – getting the loan from a responsible lender, a lender you can trust to treat you well, even if things do not go as smoothly as planned. Here are a few questions to ask yourself before applying for loans direct in the UK:

How Can I Know which Lender to Trust?

Responsible lenders will make it easy for you to understand the total cost of borrowing. If you don’t understand it from their website instantly, do yourself a favour and apply elsewhere.

Obviously, you can have it all! If you want a really fast loan, you may need to pay more for the extra service. But the most balanced option is probably an affordable loan from a responsible direct lender. But who are these lenders, and how can you tell when you’ve found one? The answer is not so simple; there are many pale imitations in the UK marketplace. Many direct lenders claim to be something they are not, and even worse, many brokers try to appear as direct lenders. Still, there are a few simple steps you can take to ensure you are working with an adequate lender.


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How fast will I get the money?

If the loan as fast as possible, it would make sense to apply with a direct lender only – companies like Cashfloat that fund on an hourly basis without any extra charges. This means that we do our best to fund your loan within an hour of approval. If you choose to apply with a broker (lead provider), it would probably take longer to get through the approval process. Brokers need to sell your application to the relevant direct lender, who will then need to contact you to start their underwriting checks.

How much will my loan cost me?

How much do you need?
Other amount
Ready for a direct loan from Cashfloat?
£500
Borrowing
£160
Interest
£660
Repayment total

Repay over: 3 months, 3 repayments of: £220

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Safe Loans from a Direct Lender

The first effective step you can take is to check if the firm is authorised by the FCA. Firms that have an interim FCA permission can be trusted and firms that have a FULL FCA permission are the best types of company to deal with. Western Circle trading as Cashfloat holds a full FCA permission that allows us to provided consumer credit under FCA rules and regulations. This can be confirmed further on the FCA website.


Once you’ve confirmed that the firm is authorised, there are three steps you should take:


  1. CLEAR INFORMATION – The first thing you want to do is look at the lender’s website. Ensure that the website clearly states if they’re a direct lender or a broker. If you find this information only in the small print, stay well away from this loan provider. As well, check if you can find the company’s policies on the website, such as a fair advertisement policy, responsible lending policy, adequate explanation and complaint procedure etc. The best lenders will not hide this information from you. Check that you understand the total cost of borrowing, and that they have a valid address and phone number in the UK. You can even give them a call, just to see if someone actually answers the phone.

  2. PROFESSIONAL WEBSITE – Secondly, trust your instincts. Does the website look professional, clean and organized? Or does it look like the lender is trying to divert the visitor’s attention from the things they really need to know. Remember, it’s not just about taking the loan out; it’s also about paying it back. There may be unvirtuous reasons for a lender to hide information or distract the focus of the visitor. Do not be deceived by funny looking websites. Focus on what you are trying to achieve. If you do suspect an illegal moneylender, you can report it to the government.

  3. CHECK THEIR RECORD – Last but not least, always check if the lender has good record of treating customers fairly. You can see some cases on the FCA website or in your local newspapers. At Cashfloat, we try to do things right from day one. Many established lenders in the UK have been forced to pay clients millions of pounds back. Google for reviews, and always ensure you will be getting a straight and transparent service. When applying online, make sure that you have clear information, that the website looks professional, check the lenders records to avoid being scammed.
FAQ’s about direct lender loans

Where can I find direct lender loans?

Search online for loans direct to take a loan through a direct lender rather than a broker. The advantages you’ll experience will include dealing with one company only, and a quicker as the direct lender gives loans without a third party in between. There are no hidden fees when you use direct loan lenders UK. The advantage of taking a direct lender over a broker is that you don’t need to pay any broker fees on top of the cost of the loan. At Cashfloat, we don’t even charge you to apply. Apply now for your direct lender loan.

Are ‘no credit check payday loans direct lenders’ available?

The definition of the term ‘no credit check loan’ means that the lender will not look at your creditworthiness or your affordability for a payday loan. This in itself is unethical as they may be causing a potential borrower to commit to something they can not afford. According to the FCA regulations, every type of lender has to perform a credit check legislatively. To offer a loan without a credit check is therefore unlawful.

Can I get instant payout loans from direct lenders?

There are instant decision loans from direct lenders which mean that you can have instant direct loans. From approval until funding may be only several hours. Cashfloat is a direct lender that processes your application quickly. Instant cash loans from direct lenders only mean that you’ll have the money you need in the time you need to spend it. Cashfloat looks at your application fairly and judges your affordability to determine whether you will be able to afford the repayment of your high acceptance payday loan.

Do I need a guarantor to apply?

With Cashfloat, we will never ask you for a guarantor. Taking a loan without using a guarantor can mean that you get your loan faster and more direct. Guarantors add an extra step in the process of getting payday loans UK, meaning that it might take longer for you to get the money to your bank account. That’s what makes no guarantor loans a fast and more direct option.

Keep in mind though, that no guarantor loans are a type of unsecured lending. This means that the lender is taking more of a risk in lending money to you. Usually, they will compensate for this greater risk by charging more in interest fees. So, if you need the money really fast, no guarantor loans direct are a good short term loan solution. But, if you can spare the extra time involved in using a guarantor, you might get better interest rates than a standard payday loan.

Can I apply even with bad credit?

When borrowing, your credit report is your little black book – it will contain all of the times you defaulted or went into arrears with payments. When applying for direct loans online, most lenders will check the record and refuse to lend to you if they feel that you are too high of a risk. Luckily, Cashfloat specialises in loans directly for bad credit. We don’t judge you by your credit score alone! If you pass all our other criteria, we could still lend to you!