Payday Loans

Cashfloat is a payday loans direct lender, which means we process your application from beginning to end. All credit scores are considered, and we guarantee same-day funding on all approved loans up to £1,500. Pay as early as you want or in up to 9 easy monthly instalments.
Representative example: borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £224.60, last monthly repayment of £112.20. Total repayment £1,179.05. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount - rates between 295.58% APR and a maximum APR of 1294%.
Warning: Late repayments can cause you serious money problems. For help, go to
It takes only 2-3 minutes to apply
Yes, we are a direct lender
Our full FCA authorization number is: 714479
No guarantor is needed

Looking for Payday Loans Online?

A payday loan can be the solution you need to cover life’s unexpected situations. At Cashfloat, we can help you get a decision fast. Our simple application takes just minutes to complete. We can process your application the same day, allowing you to quickly get the cash you need, even with bad credit history.
Instant quote and same-day funding
Apply 24/7 with Cashfloat and get an instant initial decision. We guarantee to fund your bank account the same day you’re approved.
Repay early with no penalty
Repay early (either a partial payment or in full) at any time to save on interest. Cashfloat will never charge you a penalty for paying your loan early.

We’ve helped out thousands of people…

£950 for Joseph in York
£550 for Michael in Belfast
£450 for Jayson in Southampton
£500 for David in London
£350 for Debbie in Carshalton
£550 for Christopher in Coventry
£750 for Simon in Hull
£450 for Craig in Northampton
£400 for Tom in Reading
£700 for Nicola in London
£2,000 for Danielle in Oldham
£750 for James in Wolverhampton
£750 for Brian in Plymouth
£500 for Jason in Glasgow
£550 for Luke in Ashford
£700 for Claire in Bradford
£400 for Kelly in Sheffield
£900 for Lauren in Stockport
£900 for Charlotte in Stoke-On-Trent
£550 for Karen in Coventry
£1,000 for Nicola in Milton Keynes
£350 for Josh in Dagenham
£650 for Liam in Northampton
£800 for Colin in Swindon
£350 for Adrian in Manchester
£850 for Michael in Burton-On-Trent
£650 for Christopher in Leeds
£600 for Lee in Glasgow
£1,500 for Sean in Newcastle Upon Tyne
£450 for Nicola in London
£750 for Alison in Burton-On-Trent
£700 for Clare in Colchester
£1,500 for Robert in Manchester
£800 for Benjamin in Stoke-On-Trent
£350 for Patrick in Oldham
£1,200 for John in Burton-On-Trent
£1,000 for Laura in Wigan
£2,000 for Michelle in London
£450 for Hannah in Northampton
£300 for Ian in Leeds
£2,000 for Alex in Manchester
£600 for Gemma in Croydon
£600 for Kelly in Doncaster
£300 for Luke in Romford
£500 for Sophie in Doncaster
£550 for Peter in Aberdeen
£650 for Shaun in Chelmsford
£500 for Gary in Newport
£1,200 for Donna in Reading
£1,000 for Tracy in Reading
£900 for Scott in Ashford
£400 for Amanda in Newcastle Upon Tyne
£300 for Martin in Edinburgh
£1,500 for Andrew in Wigan
£600 for Nicholas in Southampton
£550 for Martin in Sheffield
£1,200 for James in Sheffield
£350 for Anthony in Dagenham
£700 for Sharon in London
£2,000 for Tracy in Swindon
£350 for Colin in Colchester
£650 for Richard in Norwich
£350 for Natasha in Middlesbrough
£1,000 for Jennifer in Preston
£600 for Darren in Leeds
£2,000 for Victoria in Romford
£1,200 for Alexander in Plymouth
£400 for Josh in Luton
£700 for Ryan in Croydon
£1,500 for Thomas in Derby
£500 for Alex in Chelmsford
£400 for Donna in Dagenham
£400 for Samantha in Newcastle Upon Tyne
£1,000 for Natasha in London
£300 for Luke in Swindon
£300 for Sophie in Bolton
£300 for Jordan in Glasgow
£300 for Danielle in Manchester
£2,000 for Chris in Swindon
£1,200 for Anna in Swindon
£500 for Elizabeth in Reading
£500 for David in Northampton
£650 for Elizabeth in Belfast
£1,500 for Joshua in Nottingham
£1,000 for Robert in Belfast
£500 for Peter in St. Helens
£800 for Daniel in Manchester
£600 for Katie in Plymouth
£350 for Laura in Edinburgh
£650 for Lisa in Newcastle Upon Tyne
£850 for Claire in Luton
£700 for Andrew in Romford
£750 for David in Nottingham
£600 for Jack in Reading
£850 for Thomas in Croydon
£450 for Elizabeth in Bradford
£600 for Ashley in Oldham
£650 for Jonathan in Stockport
£600 for David in Croydon
£1,200 for Nicola in Croydon
£550 for Jamie in Newcastle Upon Tyne
£400 for Alex in Harlow
£350 for Alison in Cardiff
£600 for Katie in Plymouth
£750 for Charlotte in Edinburgh
£800 for Samantha in Oldham
£600 for Tom in Northampton
£900 for Andrew in Leicester
£400 for Paul in Ashford
£750 for Lee in Romford
£400 for Neil in Manchester
£1,500 for Emma in Nottingham
£650 for Joshua in Belfast
£2,000 for Benjamin in Bolton
£500 for Melanie in Harlow
£550 for Lauren in Warrington
£350 for Mark in Bedford
£750 for Stephen in Watford
£900 for Peter in Ashford
£1,000 for Carl in Edinburgh
£1,500 for Stephen in Warrington
£700 for Rebecca in Wolverhampton
£600 for Joanne in Hull
£850 for Brian in Peterborough
£550 for Patrick in Liverpool
£600 for Dean in Wigan
£2,000 for Stephen in Chelmsford
£450 for Rachel in Oldham
£500 for Victoria in Plymouth
£450 for Matthew in Manchester
£750 for Sharon in Glasgow
£1,500 for Natasha in Bolton
£600 for Hannah in Stockport

Cashfloat is an FCA authorised direct lender

We have operated in the UK since 2016, and we serve thousands of customers daily.

Our main objective is to offer our customers the finest and most convenient borrowing experience. We maintain a high level of transparency regarding our costs, fees, and repayment plans. All our interest rates and fees adhere to the limits set by the regulator, and we provide everyone with a cooling-off period and the option to make early payments and save on interest.

Can I apply for a payday loan with you?

To apply for a loan with Cashfloat, you need to:

  • Live in the UK
  • Have a UK bank account
  • Be 18+ years old
  • Have a regular salary

We may not be able to approve you if: You are unemployed, you work only part-time, your sole income is from benefits, or you are a pensioner. Otherwise, if you meet all our criteria, click below to apply:


Reasons to choose Cashfloat

Our payday loans are simple, straightforward and convenient. Here are some reasons why a Cashfloat loan will work for you.

  • We are the only UK lender that offers cashback on your loan
  • We are a direct lender and you will get the money from us directly
  • We have flexible and affordable repayment plans
  • We offer same day funding guaranteed on approved applications
  • Our customer service agents are all UK based
  • We have live support available at any time on your loan journey
  • You can repay early anytime and save on interest
  • You can borrow our loans for up to 9 months
Get your loan now

When should you borrow payday loans?

You should use payday loans online for urgent but  temporary cash-flow problems, such as if you:

  • Receive a one-off reduced salary, 
  • Need to pay an urgent bill or an overdue debt
  • Need extra income during holiday seasons, 
  • Must cover an emergency medical bill

When should you avoid borrowing pay day loans?

You should never use payday loans from Cashfloat to pay recurring bills (like utilities or your rent/mortgage), for luxury items or non-essential expenses. Other common reasons people apply for our short term loans when they shouldn’t are:

  • To pay off other debts. It rarely makes sense to pay off other debt with an online payday loan as the interest rate is so high. Instead, look into a debt consolidation loan
  • To pay your overdraft. Once in a while, it can be OK to cover your overdraft with a Cashfloat loan. Still, if this happens constantly, you should cancel your overdraft to make it impossible to go overdrawn.

Are payday loans bad?

Are payday loans safe?

In 2015, the Financial Conduct Authority introduced an interest cap on payday loans that forever changed the UK payday loan market. Now, when you borrow a loan online, the interest can’t exceed 0.8% per day, and you can’t be charged more than double the amount borrowed.

Default fees were also capped to £15 per loan, although if a lender takes legal action against you, legal fees will be added to your balance. We’re not saying payday loans are good for you – but there is much more regulation these days. We started Cashfloat after these regulations came into effect, so our loans have been regulated by the FCA from the beginning.

How do I know if a payday lender is legit?

It’s also essential to check whether the site is authorised to act as a broker or a direct lender. Brokers can only refer your application to someone else, whereas a direct lender like Cashfloat can lend to you directly.

Cashfloat is both a direct lender and broker. If we can’t fund you a loan, you can activate our free brokerage service, and we will try to find you an alternative lender.

Payday loans are expensive! If an alternative is available, please check if it is more affordable before borrowing payday loans. Please remember that late repayment can make your loan more expensive. Always ensure you can afford the loan repayments of any loan you apply for.

Check out alternatives

Who is Cashfloat?

Cashfloat is the flagship brand of the Western Circle Group. Our company was founded in 2014 to help hard-working people overcome short-term financial emergencies. Most of our customers are declined by their own banks and other mainstream lenders due to bad credit history.

We specialise in fast online credit for all bad, fair or good credit scores. Cashfloat’s developers have built a custom decision engine that considers many factors, not just your credit score, to increase your chances of approval.

More about us

Cashfloat’s Cashback Program

Did you know? In December 2022, we introduced our new cashback program! Customers qualify for 5% of their loan interest in cashback on their payday loan if they meet the following requirements:

  • The loan has accumulated a minimum of £50 interest.
  • No payments have been missed for the lifetime of the loan
  • A survey is completed which is sent to you a week after the loan has been repaid.

You can check if you qualify for cashback in your personal login area.

Read more about cashback

Will my payday loan application be accepted?

Cashfloat can never guarantee approval for a payday loan, as they are subject to credit and affordability assessments. To increase your chances of approval, make sure:

  • You are registered to vote at the address that you are applying with
  • You’ve provided complete information in your application form, including work details (we will not use these to contact you during the application process)
  • You’re not applying with numerous other lenders – this will decrease your chances of acceptance.
  • All supporting documents are clear and easy to read.

One of the most important things we’ll be checking is your affordability. If you’re unsure whether you’ll be able to afford the loan, try our free affordability assessment tool.

Check my affordability

How our Online Loans Work

Cashfloat is a consumer favourite for direct payday loans in the UK.

We’ve worked hard to create a high standard for fair borrowing from the beginning. We are a direct lender who puts our customers’ needs and requirements before ours. Always.

Here are some frequently asked questions:

What is a payday loan?

A payday loan is a small unsecured loan (usually between £300 and £1,500) borrowed over a short term (usually less than nine months) at a high interest rate. They’re called payday loans because the repayments are debited on the borrower’s salary day. They used to be obtained in payday loan shops, but these days they’re more commonly borrowed online from direct lenders like Cashfloat.

Are payday loans and short term loans the same?

Payday loans fall under short-term loans as they’re typically borrowed over a few months only. When payday loans were introduced back in the early 2010s, lenders typically offered them for just one month until the customer’s next payday. Still, almost all payday loans today are synonymous with short term loans in that they’re repaid over several instalments instead of one lump sum. For example, Cashfloat’s loans are payable over up to 9 months.

How long does the process take with Cashfloat?

Cashfloat’s application form only takes 3-5 minutes to complete. Once the application has been submitted, you’ll receive an instant initial decision. If your loan has been pre-approved, we may need additional documentation to reach a decision. You’ll be prompted to upload the documents online, but if you’re struggling, you can always send them by email instead to You can always speed up the process by calling 0203 757 1933 (option 1) and talking directly to a loan adviser.

How are loan repayments made?

We will process the loan repayments via Continuous Payment Authority (CPA) on the mornings of pre-arranged dates, typically aligning with your salary payment days. You can review and confirm these repayment dates in the loan contract before signing the agreement. The payment will be debited using the card details you provided during the application process.

What happens if I can’t pay back my loan?

If you’re struggling to pay back your Cashfloat loan, you’ll need to contact us immediately. A dedicated account manager will discuss your situation and help you set up a suitable arrangement. We recommend that you contact us before the repayment due date to minimise the impact that non-payment can have on your credit file.

Will borrowing from payday loan lenders affect my credit score?

Simply applying for a loan should not affect your credit score, as most lenders today only perform a soft credit check to assess your application. Once you borrow a payday loan, the credit check will show up on your credit file, which can affect your credit in various ways. Repaying your loan on time will increase your chances of being approved for future credit (especially other payday loans). However, it may decrease your chances of being approved for more significant, long-term finance (such as a mortgage). This is because it could indicate that you have trouble managing your finances.

Do I need to provide payslips when I apply?

We can usually verify your income without any payslips. If we are unable to confirm your income automatically, we may ask you to upload payslips during the application process.

Do you fund over the weekend?

We don’t fund on Saturdays, but we fund from 9am to 5.30pm on Sundays and Bank Holidays. If you want to speed up your decision, you can call one of our underwriters on 020 3757 1933 and press option 1.

How much do you need?
Other amounts

Need a payday loan quickly?
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Repayment total

Repayment period: Three months, Two monthly payments of £ 230.26 , last month repayment of: £ 230.27