payday loans from a direct lender

Unsecured. Short-term. No Guarantor.It’s that simple.
Unsecured. Short-term. No Guarantor.It’s that simple.
RAPR 611.74%
Borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £244.60, last monthly repayment of £112.20. Total repayment £1,179.05. Interest rate p.a. (fixed) 185.39%.
Warning: Late repayments can cause you serious money problems. For help, go to

Looking for Payday Loans Online?

Cashfloat is a direct lender that specialises in helping people with bad credit. We’ve already helped over 100,000 people in the UK to get the money they needed online. Apply now for up to £1,000 and experience the Cashfloat difference.
100% online
Apply 24/7 and get an instant decision. If we need further details, you’ll be contacted within 1 business day.
High approval rates
Bad credit? On benefits? Doesn’t matter. As long as you have a steady income and can afford the loan, we’ll consider your application.
What our customers say
I used them for 3 loans and I can confidently say that they are a fair lender. I’ve had a small issue with one of my accounts and Emma from Compliance was very helpful to help me resolve it. They are trustworthy and I cannot recommend them more. All the best!
Bruno, Oct 29 2020, Trustpilot
Great speedy service. Ability to repay early using an easy online website or app. Excellent.
Karen H, Feb 26 2021, Google Reviews
Thank you for your help through that difficult period. Nice to see a loan company not ripping their customers off with extortionate interest rates. Will definitely refer you to other people who are in a struggle and require help fast, well worth a visit
Silas164, Feb 15 2021, Reviewcentre
I applied for some extra cash for Xmas expenses and literally I’ve done it in the morning while still in bed and before I got up money was on my account. I just logged into my acct and applied without filling the details again. Took 3 minutes. That’s the company which doesn’t reject people who have not a perfect credit score.
Paula, Jan 27 2021, Trustpilot

How our Online Loans Work

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

From the very beginning, we’ve worked hard to create a gold-standard for fair borrowing. We committed to full transparency, higher acceptance rates and fair and flexible loan repayments. We understand how frustrating it can be when lenders repeatedly decline your loan application. This won’t happen again if you meet our affordability criteria before you apply. We are a direct lender that puts our customers’ needs and requirements before our own. Always.

Here are some frequently asked questions:

What are payday loans?

Payday loans are small, unsecured loans that are lent at a high rate of interest over a short term, with both the principal and interest repaid in monthly instalments, usually on the borrower’s pay day. The most common type of Payday loans are designed for emergency use only, and should never be used to try and solve a long term money problem.

What is a payday loan direct lender?

A direct lender processes your application and lends you money directly. In contrast, when you submit an application to a broker, they don’t lend you the money themselves but sell your details to direct lenders for a fee. The company that bought your application will then decide whether or not to lend to you. Our opinion: Borrow money online from a direct lender only, not a broker.

Can I get a payday loan with no credit check?

Lots of people ask us about getting no credit check loans with guaranteed approval. While this may sound tempting, payday loans in the UK with no credit check are not recommended as credit checks help lenders assess whether to lend to you or not. Please keep in mind that any FCA authorised lender in the UK will perform a basic credit check. Don’t let a bad credit score keep you away from reputable lenders.

Can I apply for a payday UK loan if I have bad credit?

Yes, you can. Cashfloat is a bad credit direct lender that is fully authorised and regulated by the UK’s Financial Conduct Authority. Although some lenders will not approve people with poor credit unless they have a guarantor, our brand new technology makes instant loans accessible online for more people in the UK no matter what their credit score! Apply today for your bad credit payday loan!

Can I get a payday loan alternative with Cashfloat?

Yes, if you are looking for a bigger loan with cheaper interest rates, we have the perfect alternative. You can apply for our small personal loans and get up to £2,500 today. The cheaper rates on our small personal loans make them far more affordable and can help you finance larger expenses without getting stuck into a continuous cycle of debt.

Does Cashfloat provide unsecured loans?

Yes, all our loans are unsecured. This means that when you apply for a loan with us, we’ll never ask you for a guarantor or collateral to secure your loan – even if you have poor credit. Applying for an unsecured loan is a lot easier than applying for a secured loan as there is far less paperwork and much shorter processing times.

If you are having trouble being accepted for an unsecured loan with bad credit, it may be worth trying to improve your credit rating.

Can I get a cheap payday loan if I have bad credit?

With our new easy start option, we provide lower APR payday loans for people with bad credit. This makes the payday loan cheaper and more affordable. Other lenders might offer more expensive loans to people with poor credit to lower the risk that they might not repay. At Cashfloat, if we see you can afford the loan repayments, we will be happy to provide you with a cheaper payday loan no matter your credit score.

Can I get a loan if I am on benefits?

If you’re unemployed or on benefits, you can still apply for a loan with us. Many people think that doorstep loans are the only kinds of loans available for people on benefits since you don’t need a bank account and approval rates are higher. However, doorstep cash loans for the unemployed are often not well regulated and may be unsafe. Stay safe and apply today for a loan on benefits with a direct lender.

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 do I get the best payday loan rates?

If you want to get the best payday loan rates in the UK, a good credit score will be a big help because it indicates financial responsibility, which lenders are looking for. At Cashfloat, we take your broader financial picture into account and focus on affordability over your credit rating to offer you the best payday loan deals. We provide the same loan rates to all our customers regardless of the credit score.

Can I get payday loans with 100% acceptance?

Cashfloat offers high acceptance payday loans from a direct lender, for customers with all types of credit. However, since every applicant’s circumstances are different, our loans may not be the right fit for everyone. We are committed to lending responsibly, so we can’t guarantee 100% acceptance – but if you need a payday loan today, fill out our easy application form, and you’ll get an instant decision from our underwriting team.

How fast can I get a payday loan from Cashfloat?

With Cashfloat, once you complete our 3 minute application form you can get an instant decision and same day funding if approved. Although many people who apply for instant payday loans assume that they will receive their money straight away, all responsible lenders will need to perform some checks. As a trustworthy lender, we will always carry out the necessary credit and affordability checks before we approve a loan request.

What will happen if I can’t repay my loan on time?

At Cashfloat, we understand that life is messy and unpredictable. If you can’t make a repayment, it’s tempting to hide from your creditors. If it does happen that you are unable to pay your loan back, don’t worry! Just give us a call and one of our friendly representatives will help you set up a manageable repayment plan! Treating customers fairly is one of our biggest priorities and we will make every effort to ensure you are happy with your new arrangement.

Is it possible to get a loan with bad credit and no guarantor?

Yes. If you need to borrow money but don’t have good credit you can still apply for a Cashfloat loan without a guarantor. Although your chances of getting accepted are higher if you have a guarantor, it may be simpler for you to apply without. There is no paperwork, no hassle and you can get funded the same day even with bad credit.

Just keep in mind that loans for bad credit history with no guarantor are usually more expensive than a guarantor loan. It is important to consider the extra expense before taking out loans without a guarantor.

Can a small loan improve my credit rating?

Yes, taking out a loan can have both a positive or negative impact on your credit profile. This will depend upon how you manage your repayments. If you repay your loan on time, this can help to improve your credit rating because you are showing that you are responsible with your money. On the other hand, if you are late with the payments or miss them altogether, this can harm your credit rating. If you would like more useful information on improving your credit rating, check out Cashfloat’s new improve my credit score page.

Have more questions? Click the button for more payday loan information.