Need a wage day advance loan today? We really want to help. Try our new alternative to wage day advance lending! Apply now and receive an instant decision. You can get up to £1,100 within 1 hour, if approved. We are a direct lender and bad credit is welcome!

Your Wage Day Advance Loan Information Card

• You can get a wage-day advance loan from £200 to £1100
• Feel free to apply, even with a bad credit score
• You can repay your wage day loan in up to 4 instalments

How Much can I Borrow?

• 3 minutes to complete the online application form
• 90 seconds instant lending decision
• 1 hour from approval, the money should be in your bank account

* Average numbers

How Fast Can I have the Money?

• We are a safe and secure wage day loans direct lender.
• We welcome people with bad-credit
• Unsecured loans, no guarantor needed

Why Cashfloat?

What is a wage day advance?
What is a wage day advance loan?
Who is the Wage Day Advance company?
Can I get a wage day advance loan with bad credit?
How are wage day advance loans regulated?
How long does it take for a wage day advance?
What will a wage day advance loan cost me?
What is the process of getting a wage day loan?

FAQs about Wage-Day Advance Loans

All you need to know about your wage day advance

It’s getting towards the end of the month and you are running low on cash. Don’t you wish you could get your paycheck just a few days early? Well, with a wage day advance, for a small fee you can borrow that extra bit of cash until you get your paycheck. Cashfloat provide short term loans at an affordable price designed to tide you over until your next payday. With our dynamic wage day advance loans, you can repay all or part of your loan early, saving on extra interest. Cashfloat- helping you step into the new month with ease.

What is a wage day advance?

A wage day advance (or wda) is when your place of work pays you your salary a bit early at your request. This can also be called a salary advance. So, for example, if you’ve had an expensive month and just need a small cash injection to help you get to payday, you can ask your job for a wage advance.

What is a wage day advance loan?

A wage day advance loan is where you will get your wage day advance from a short term loan company. You may find this useful if your employer will not give you your salary in advance. At Cashfloat you can receive the money today, and repay it after receiving your paycheck. Apply now for your wage day advance loan!

Who is the Wage Day Advance company?

The Wage Day Advance Company was a short term loan company that went into administration on 25 February 2019. Since then, they no longer accept applications for wage day advance loans. However, feel free to apply with Cashfloat for a wage day advance loan.

Can I get a wage day advance loan with bad credit?

Most lenders, especially more traditional ones – like banks – will not lend to you if you have bad credit. Still, there are a few online wage advance lenders who will seriously consider your request for a wage advance loan even if you have poor credit history. At Cashfloat, bad credit wage advance loans are our specialty! And, if you repay your loan on time, you may even have a better chance of being approved in the future!

How are Wage Day Advance Loans Regulated?

Before the FCA regulations were introduced in 2014, various popular lenders took advantage of people looking for a wage day advance. They charged a ridiculously high compound interest rate for loan borrowed for just a few days. The shorter the loan was for, the higher the APR was. With the introduction of the FCA regulations, these lenders could no longer take advantage of vulnerable clients, and were forced to cap their daily interest to a maximum rate of 0.8% per day.

Despite the FCA’s many efforts to educate the market, many consumers are still searching for old-school, expensive borrowing options. In this article, we tried to explain fresh alternatives available for consumers in the UK to obtain affordable loans online. As a responsible lender, we encourage our customers always to look for a better alternative for their current financial situation. Remember, instalment loans from a direct lender like Cashfloat can be paid early, and therefore may be a better choice for people searching for wage day advances.

Tips for Using Payday Loans as a Wage Day Advance

Here is one tip that can save you a lot of money: Look for a direct lender that allows you to pay the loan early without any penalties. Apply for a loan over a longer period of time, rather than just over a few days. If you can, pay it early and cut the total cost of the borrowing. A two monthly instalments loan is by definition more affordable than a single payment one. If you can pay it early without any penalties, you’re a winner. Even more so, taking a loan for few days and paying it all in one instalment may even increase the risk of getting into expensive arrears.

How long does it take for a wage day advance?

If you need a wage day advance, you will need to approach your employer. Depending on Your company’s HR rules, different companies will deal with wage advances differently. Getting a salary advance from your employer could save you money in interest you would pay to a traditional lender. However, it’s not always easy to admit your hardship to your boss and ask for a wage advance. In addition, some places of work will not consent to pay you your wage early. In these situations, taking a wage advance loan may be your only option.

Where will I find wage day advance loans in the UK?

Wage day advance loans can be found online, from websites like As with any online product, make sure to check that the website and lender you are using are safe. Once you’ve found a wage day loan lender, all you have to do is fill out a simple application form and sign a digital contract. Then, if the request is approved, you can receive the money by the same day. Normally, wage day loans are repaid on your wage day in one lump sum. However, with Cashfloat, you have the option to repay in instalments, making repayment easier and more manageable.

Real Life Example

Let’s say that your wage day is at the 25th of the month. For our example, today is the 5th. Unfortunately your car broke down and now you need £400 you didn’t plan to spend. Sure, you can wait until your wage day in 20 days, but how will you get to work every morning?

You start thinking about the options available to you, and search Google for Wage day advances or wage day loans. Google will probably offer you some good lenders that would be happy to give you £400 for 20 days. If we calculate the loan with the FCA maximum daily interest rate for twenty days, it would come up to around 16%. In other words, on your next wage day you will have to pay around £464 pounds back.

Wage Day Advance Payday Loans

Payday loans can help you when you need a wage day advance. Payday loans help to bring your wage day that bit closer, by giving you the money ahead of payday. Then, when you get your wages, you can pay back your payday loan with the wages that you receive.

But, be aware that payday loans are a type of short term loan UK for emergency situations only. If you can postpone your expenses a few more days until payday, you will be much better off. Try to find an alternative arrangement to taking a payday loan or a wage day advance. For example, you might be able to borrow money from a relative, or ask someone to pay for you using their credit card. Payday loans are only for a last resort, when you have no other way of making it to payday with your finances still intact.

What will a wage day advance loan cost me?

Every loan company is different. At Cashfloat, we charge no more than 0.8% interest per day. The full cost is laid out when you fill out the form. Is it an amount you can afford? Think about it – will you be able to pay all your other expenses, or will you need to take out another loan? If your answer is not a definitive YES I CAN PAY, you may want to consider an affordable alternative. As well, try to avoid companies advertising wage day loans no credit checks

A wage day advance loan is a handy financial instrument but at the same time, might not be the cheapest option available for you in the market. Here at Cashfloat, we encourage all our customers to check for alternatives before applying for this sort of credit. Yes, we are a direct lender and yes, we are fully FCA-authorised. We will treat you fairly, keep your data safe and do anything in our power to help. But, we may not be the cheapest option available for you. We want to ensure that when you apply for payday loan with us, you understand the terms and are happy with our product.

What is the process of getting a wage day loan?

To apply, all you have to do is fill out the online application form. You will then get a 90 second decision. If approved, new payday loan lenders like Cashfloat offer same day funding without any extra charge.

As well, the best lenders in the UK offer early repayment as part of their “treating customers fairly” policy. So, you can take a £400 loan for two months. This means that in twenty days you would have to pay only £240 instead of the whole amount. If, in twenty days, you can afford to repay the amount in full, go ahead and pay it all to close the loan. If not, it’s as if nothing happened, you can close it at your next wage day without extra charges other than the normal daily interest.

You have a choice, you can be picky. So you can go for the best deal. To make it easy for you to compare lenders we have created a “Dare to Compare” chart. Dare to read it?

Payday loans lenders in the UK

Company Direct lender Loan types Comment
Cashfloat New direct lender Payday loans, short term loans, Cash advances Customers choice as a new alternative to payday lending in the UK
Uncle Buck Traditional direct lender 3 month payday loans Uncle Buck was founded in 2010.
Mr Lender Traditional direct lender Short term loans Mr Lender operates under the registered name ‘PDL Finance Ltd’
Quickquid Traditional direct lender Short term loans Quickquid was launched in 2007, the first branch in the UK of the American company, CashNetUSA.
Piggy bank Traditional direct lender Short Term Loans and Instalment Loans DJS UK Limited is the company behind Piggybank
Payday UK Traditional direct lender Payday loans Payday UK is a trading name of Instant Cash Loans, which also trades as The Money Shop and Payday Express in the UK

* We try to promote fair competition and allow customers to compare Cashfloat loans with other leading lenders in the UK. Intentionally, we left the Dare to Compare comparison table empty so you can do your own comparison. We try to be the best for you but we want you to compare and make your own decision.


If you’re looking for a small wage day advance loan with same day payout between £200 and £1,100, you can apply with us now! We have already helped over 12,000 people in the UK with a wage day loan! Some of our satisfied customers even got approved with bad credit. At Cashfloat, we will not judge you by just your credit score! Apply today and get an instant decision – we don’t think you’ll be disappointed!