Looking for Payday Loans Online?
How our Online Loans Work
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.
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.
Payday Loans Direct Lender vs Broker
The first thing you need to consider when borrowing a payday loan is whether to apply with a direct lender or a broker. A direct lender approves and funds your loan directly while a broker helps you find a lender that will lend to you. Many people prefer to obtain a payday advance from direct lenders only for the following reasons:
- It’s faster to get the loan directly from the lender you’re applying with
- You can control if you want your information passed to other lenders or not
- You know exactly who you’re getting the loan from at the application stage.
How Quick Can I get a UK Payday Loan?
People apply for instant loans in the UK because they need money fast. However, regulated lenders still need to run credit and affordability checks for the safety of the applicant, so they won’t provide instant money the minute you apply. At Cashfloat, we offer instant decision loans; this means that you will get an instant loan approval or decline so you won’t waste time waiting to see if you’ve been accepted. And if approved, you can get the money funded into your account within the hour.
Need money now to help you overcome a financial hurdle?
Apply with Cashfloat, and if approved, get your quick loan the same day!
I need money fast, what do I need to know before I apply?
If you need money fast, you may end up making quick decisions that you might regret later.Taking out a loan is a big commitment that should be considered properly beforehand. Even if you need money fast, you should compare lenders to get the best deal. Just applying with the first lender who approves your loan application quickly can leave you with a large debt of interest to repay. Always make sure that the lender you choose is trustworthy and best meets your needs.
Need help comparing lenders? Check out our full lender comparison guide.
Bad Credit Loans from Cashfloat
Are you concerned that your credit score isn’t up to scratch? Don’t worry — you can still apply with Cashfloat! Your credit rating is just one of the many factors we consider when reviewing your loan application. At Cashfloat, you can get a loan for good credit, fair credit, average credit, bad credit or even with no credit history at all. As long as we see that you can afford the loan in your budget, we are happy to help you access the emergency funds you need.
Our loans range from £300 up to £1000*, and you can get the money on the same day if approved. Apply now and get an instant decision!
What are bad credit loans?
Bad credit loans UK are unsecured loans for people with very poor credit. At Cashfloat, we believe that everyone should be able to access affordable credit in an emergency. A credit score is just an arbitrary number, which is why we care more if you can realistically afford the loan or not. Before applying for a bad credit payday loan on our website, use our free online affordability calculator to work out how much you can afford to borrow!
Do all lenders check your credit score?
It’s considered best practice for lenders to carry out a credit check before approving an applicant. This is to help the lender assess if the customer can afford the loan, and that borrowing credit won’t harm them financially. Although payday loans from a direct lender with no credit check might seem like a great product, they can actually damage your finances. Direct lenders or brokers offering no credit check loans in the UK may not be FCA regulated and could potentially be loan sharks.
Here at Cashfloat, we are dedicated to our customers’ financial safety. That’s why we offer a safe and regulated alternative to no credit check loans in the UK.
How Can I Improve My Credit Score?
- Register to vote
- Pay your bills on time
- Work on paying off outstanding debts
- Only use 50% of your available credit
- Avoid overdrafts like the plague
- If you do need to borrow money, pay it back on time
Stay safe when applying for a payday loan online by considering the following:
What is a no guarantor loan?
- Quick – You may not have the time to wait for a guarantor. But with us, it usually takes minutes to apply, and you do not need to wait around for additional people to co-sign the loan.
- No paperwork – Avoid the hassle! Everything is completed online. You usually do not have to provide any personal signatures as it is an unsecured loan.
- Private – No exposing your financial troubles to family and friends. A no guarantor loan is a private borrowing arrangement between you and the lender only. No third party needs to be involved.
Have an Emergency? Cashfloat Can Help
Our payday loans are designed specifically to cover emergencies and should never be used to try solve a long-term money problem!
Repay over: 3 months, 2 monthly repayments of: £246.66, last month repayment of: £246.67APPLY NOW
Repay over: 4 months, First month repayment of: £246.66, 2 monthly repayments of: £246.66, last month repayment of: £246.67APPLY NOW