Has your water pipe burst? Or has your tyre gone flat? Maybe your washing machine’s died? Emergencies happen when we least expect them. Sometimes they also happen when you don’t have the cash handy for repairs, meaning you need to find somewhere to borrow it from.

Often, when people need to borrow money to cover an emergency expense, they want to do it as fast as possible. We understand this, and at Cashfloat, we provide fast online loans so people can deal with financial problems quickly. However, as well as being able to deal with a problem quickly, you want to make sure you get the best deal you can when you take out a loan.

Cashfloat is a trusted payday lender offering some of the best loans in the UK, and we can help you deal with a short term financial emergency. In this article, we’ll explain how Cashfloat loans work, what rates you can expect to pay and why we’re so popular with borrowers in the UK.

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Looking for the best payday loans in the UK?

Payday loans might be an expensive way to borrow money. However, they’re very useful in a short term financial emergency.

Cashfloat is one of the best payday loan lenders on the market. We offer loan amounts of £300 to £1,500, and you can repay your loan in instalments over 3-9 months. We’re completely transparent when it comes to how much it costs. When you take out a loan, you can see the exact cost for yourself on our loan calculator. We also offer other benefits, including a cheaper early repayment option and our Easy Start feature, which makes the first loan payment more manageable.

We also understand that when you need a loan for an urgent expense, time is of the essence. Cashfloat online payday loans come with a quick application and an instant lending decision. If you’re approved, you’ll also get funding within the hour*. Our short term loans will help you cover an emergency expense, like urgent car repairs, and you’ll get an affordable and flexible repayment plan that fits your budget.

We also have an outstanding team of dedicated customer service representatives. Attentive and understanding customer support is the hallmark of a good loan provider. If you need help at any point in the loan process, you can easily reach us via phone, email, post or online chat.

Look at what our customers have to say about our payday loans:

Amazingly efficient and very easy process, no hassle which is what you want when already in a stressful situation, would well recommend to anyone looking for a fast easy loan to get them out of a pickle!” -Anonymous

Read more reviews here.

What are the best loan rates I can get from Cashfloat?

The interest rate you get for a payday loan from Cashfloat depends on a few things.

Most of all, it depends on the amount you borrow and the length of time you borrow money for. The more you borrow and the longer you borrow it for, the better interest rate you’ll get. Remember, however, that the most important thing is to make sure you take a loan that matches your needs. You only need to borrow enough to cover your expenses, and you need to be sure you can make the repayments.

You can use our loan calculator here to see what interest rates are available for different loan amounts and durations. You’ll also get a breakdown of every monthly payment, a figure for the total interest you’ll pay and a figure for the total amount you’ll repay.

If you opt to use Cashfloat’s Easy Start option, this will also affect your personal APR. It will nearly half your personal APR! Read more about using Cashfloat’s Easy Start option here.

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Compare loan companies

When you need to borrow credit, an essential step is comparing loan companies to find the one that best meets your needs. Here are some of the most important things to look at when you’re comparing lenders:

  • Advertised APRs – The representative APR that lenders display on their websites is the rate that they give to more than half their customers. You’re not guaranteed to get this exact rate, but it gives you a good idea of what their rates are and is the best way to quickly compare lenders.

  • Trustworthiness of the lender – You want to apply to a lender that you can trust. A basic step is to check whether a lender is FCA authorised by looking for them on the FCA register. You should also be able to verify the company’s address and be able to speak to them on the phone. As well as this, their website should be secure, and they should have reviews you can verify.

  • Repayment terms – You may want to look at how flexible different lenders will be when it comes to repaying a loan. You might want to think about whether you can repay early and save on interest or whether you’ll be able to renegotiate your repayment plan if you struggle to make payments.

  • Hidden fees – When comparing your loan options, make sure you don’t end up choosing a lender that gives out loans with hidden fees. A lender’s terms should be entirely transparent. You don’t want unpleasant surprises later on.

Click here for our payday loan comparison guide.

Sometimes, lenders will offer discounts on their normal loan rates. These discounts might be a promotional offer for first-time customers, a thank you to repeat customers or they might just be on offer to everyone. If you find a lender that’s giving discounts on their interest rates, it might be a good idea to take advantage of the offer.

What’s the best loan for a bad credit score?

When it comes to getting the best loan rates, having a good credit score is helpful. If you’ve got a higher credit score, this indicates that you have a history of making timely repayments. Lenders will view you as more creditworthy, and this will mean you’ll have access to some of the best interest rates out there.

But don’t panic if your credit score isn’t up to scratch! At Cashfloat, we give loans to people who have poor credit scores. We understand that your credit score isn’t all there is to know. We look at your current level of affordability as well as your credit rating. If you can prove that you can repay a loan, then you’re likely to get approval from Cashfloat. We accept applicants with all types of credit scores, and you could get access to some of the best payday loan rates on the market.

As well as just being able to get a loan if you’ve got a bad credit score, you also want to get a good deal from a good lender. You want a loan that comes from a reliable lender that can provide you with a low interest rate and flexible repayment terms. This will make it easier to repay your loan on time. In turn, this will actually help you improve your credit rating for the future.

At Cashfloat, we care about our customers. As such, we encourage you to improve your credit score so you can access the best loan rates when you need to borrow credit in the future.

Note – don’t get fooled by lenders who offer payday loans with no credit check or 100% approval rates. These lenders are very often loan sharks who can ruin you financially.

Am I eligible for the best short term loans from Cashfloat?

At Cashfloat, we offer some of the best short term loans in the UK. If you want to apply for short term credit with us, you must meet the following criteria: 

  • Be over 18 years old
  • Be a UK resident
  • Hold a UK bank account
  • Have a steady source of income

As an ethical, Financial Conduct Authority (FCA) authorised lender, we also carry out credit and affordability checks on all our applicants.


Cashfloat loans

Cashfloat is a trusted lender in the UK offering fast and affordable payday loans between £300 and £1,500 that you can repay over 3-9 months.

All our loans are processed, approved and funded by our expert loans team. They’re available to assist you with any questions or difficulties you may encounter at any point in the loan process. We’re here to help, even if you have a bad credit score. If we aren’t able to fund you a loan ourselves, we can also act as a credit broker and help you find another lender who better meets your needs.

Apply now to experience the Cashfloat difference.

Representative example

Total amount of credit: £700
Duration of the agreement: 6 months
Repayment total: £1,179.05
Interest is Fixed at a rate of 185.39% per year | Representative 611.74% APR
Instalment 1
Instalments 2 — 5
Instalment 6