Borrowing money online is now easier than ever! Our online loan application takes just a few minutes of your time, followed by an instant lending decision. If approved, your loan of up to £1,100 can be in your bank account within 1-3 hours. Cashfloat is a responsible direct lender, and we’ll do our best to help you obtain loans online even if you have bad credit.

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Loans Online from Cashfloat


At Cashfloat, we do our best to give you the smoothest possible borrrowing experience. We use advanced technology to be able to offer you the best service and to ensure that your security is not compromised. There are a wide range of online loans in the UK, so choosing a specific product can be really helpful in narrowing down your options. For example, you might choose to only use a direct lender, so your search will be narrowed to only direct lenders. But before we go into that, let’s first discuss why you may get a loan from online companies rather than traditional banks.


How do I apply for a loan with Cashfloat?

It is easy to apply with Cashfloat. All you need to do is click on the apply button and follow the application form through. We’ve kept it short and simple – no documents or files needed – so that the process is easy to complete in a time of crisis.


What makes online loans different to bank loans?

The main differences between a bank loan and an online payday loan in the UK are the speed and ease of access. When you apply for a loan from a bank, you usually have to go through a fairly complicated process including meetings, paperwork and a long wait. Online payday loans from a direct lender are very different in this regard. Cashfloat’s entire loan application process is purely online, and the form only takes a couple of minutes to fill out. You will then receive an instant online decision, and if approved, we’ll send the money within one hour.


How much money can I borrow?

How long does the process take?

Most cash online lenders only offer small amount, usually between £150 and £1,000. With Cashfloat, you can get from £200 up to £1,100 sent directly to your bank account, subject to approval. Remember, although it may be tempting to borrow more money just because you can, only borrow the amount you’ll need.

At Cashfloat, we understand that you need the loan urgently, and speed is one of our priorities. We’ve streamlined our application process so that filling out the form only takes two minutes, and you’ll receive an instant decision. If approved, you can receive your instant pay day loan online within 1-3 hours.

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Online loan FAQs answered by an online lender

If you’ve got questions about borrowing money online, chances are we’ve heard them before. Here’s a list of our top FAQs for your convenience.

  1. Can I apply even if I have bad credit?
  2. You can apply for a loan online with bad credit, although you may find it harder to be approved. At Cashfloat, we don’t judge you by your credit score, but rather by affordability. So, as long as we trust that you can afford to repay the loan, we are happy to offer loans for poor credit online. This also applies if you are on benefits or unemployed.


  3. Can I borrow without having a credit check done on me?
  4. Cashfloat do not recommend this for the following reason: Online payday loans with no credit check are completely illegal in the UK. All credit providers are obligated by law to carry out a credit check, leaving a footprint on the applicant’s credit file. Obviously, don’t apply too many times within a short period, as all the searches could raise a red flag for potential creditors.

    While you may think that the only way to find a fast loan online is with no credit check, this is incorrect; high tech lenders such as Cashfloat offer instant decisions while still performing thorough checks to ensure we lend responsibly.


  5. What’s the difference between a direct lender and a broker?
  6. There are two types of companies you can apply with: a direct lender who approves and sends you your money, or a broker who works to find you a direct lender. Dealing with a direct lender often makes the process simpler and quicker. Cashfloat is a trusted direct lender. However, because we want to help, if we can’t lend to you, we will offer to find a lender who can. Of course, we will never pass on your information without your permission.


  7. Why should I borrow without involving a guarantor?
  8. Wherever possible, you should borrow with no brokers involved. For a fast borrowing experience, you should also try and avoid using a guarantor. This is because guarantor loans often require the extra paperwork of the guarantor, thus taking up more time. However, although guarantor loans take a long time to receive, they can be cheaper as there is less risk involved for the lender. We do our best to help you get a your loan as quickly as possible which is why we will never ask for a guarantor.


  9. How can I know if a lender offers safe loans?
  10. If your details fall into the wrong hands, you can lose your money in a matter of minutes. Luckily, there are several ways to check the security of a website, such as the padlock in the URL bar. This is how it looks in Chrome:



    Taking basic safety precautions when using lender websites will go a long way towards keeping your personal and financial details safe. Moreover, fraud is very common in the payday lending market. Vigilance is key, and our security centre provides you with more detail on how to ensure you are borrowing from a legitimate and FCA licensed lender.


  11. What is a loan shark?
  12. Any lender that is not registered with the Financial Conduct Authority is operating illegally, and will not follow the regulations that were put in place for your safety. If you are having a hard time finding someone to lend to you and were considering using loan sharks, stop right there! Although it can be easier to get approved by loan sharks, they are very dangerous and are known for their brutal collection tactics. The best online loans you will find in the UK are from FCA authorised lenders like Cashfloat. They will have affordable rates and responsible policies, and they will make it their business to treat you fairly.


Cashfloat – A new online lender


Cashfloat is a direct lender offering unsecured loans online, no matter your credit score.  If you need an amount between £200 and £1,100, you are welcome to apply via our safe and secure website. We have a 90 second lending decision and we fund bank accounts within 1-3 hours of approval. Apply online now – we’d love to help!


Written by: Kelly R
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