Need cash fast? The Cashfloat lending team offers quick cash loans in the UK, and we pride ourselves on our ability to deliver a great service. We operate with a high level of transparency, meaning you’ll know exactly how much you’ll have to repay before you take a loan. We also offer flexible repayment options, we consider all credit scores and we’re a responsible FCA authorised lender.

We also get loans to people fast. We’ve incorporated some of the latest technology into our lending decision engines to get you the best money loans at the fastest speeds. We provide instant decisions on most of our loan applications (most are processed within 30 minutes), and we also aim to get the funds to your account within an hour if you’re approved.

You can repay your payday loan early with us as well and save on interest. One of the many advantages that Cashfloat offers over other direct lenders is that we don’t charge any extra fees if you pay your loan back early.


What is a cash loan?

A cash loan is a small sum of money people borrow when they need to cover an emergency expense. Otherwise known as payday loans, cash loans are often taken when a financial emergency occurs between paychecks. A person takes one out and then begins to make repayments when they receive their next paycheck.

Cash loans online are usually unsecured, which means they aren’t taken out against an asset such as your house or car. When a loan is taken out against an asset like this, it means that if you’re unable to make repayments, the lender is able to take possession of the asset to pay the loan. Unsecured loans are less risky than secured loans, but they typically work out to be more expensive.

Need emergency cash today? You can apply now for a cash loan from £300 to £1,500, and if approved, you’ll get the money transferred to your account within an hour*.

What can I use a cash loan for?

At Cashfloat, we advise that cash loans only be used for urgent, temporary cash-flow problems. If, for example, you’ve received a reduced salary for one month and you just need some extra cash to cover that month, a cash loan might work. Alternatively, if you don’t have enough money to cover an unexpected one-off expense and you can’t wait until payday, then a cash loan might work in this situation as well.

Often, cash loans are used to pay for things like:

  • Appliance breakdowns, such as if your washing machine breaks down
  • Vehicle repairs
  • Dental treatment
  • Vet’s bills
  • Repairs to peoples’ homes

How can I apply for an instant cash loan?

Applying for an instant cash loan with Cashfloat is easy. All you need to do is go to our application form and fill in your details. It shouldn’t take you more than a few minutes. Once you’ve submitted your application for an instant cash loan, you’ll receive an instant decision. If approved, you can also get the loan funded to your bank account within an hour*.

Have further questions about how our loans work? Click here for more information.

Apply now

I need a cash loan today. How much can I borrow?

You can borrow between £300 and £1,500 with our same day loans UK.

We advise you to take the time to work out exactly how much you’ll need before you apply for a loan. You don’t want to be paying interest on funds that you don’t need, nor do you want to have to borrow money twice. You can look at your borrowing options using our loan calculator, and you can also use our affordability calculator to see if you can afford repayments.

Remember, it’s a serious responsibility to take a cash loan from a short term lender. Make sure you can afford the repayments before you take out a loan.

Note: If you need to borrow a bigger amount, we also offer £2,000 loans.

How long can I get a cash loan for?

You will get 3-9 months to repay your loan. The exact amount of time depends on the amount that you borrow as well as your personal preference. Go to the Cashfloat loan calculator to see what loan amounts and repayment periods are on offer. You’ll be able to see how much you can borrow, how much each monthly repayment will be, what the total amount that you’ll repay will be and how much interest you’ll pay.

Cashfloat offer free early loan repayments, meaning you can make repayments early without incurring any extra fees.

Eligibility for a cash loan

To be eligible for a cash loan from Cashfloat, you must:

  • Be a UK resident

  • Be over 18 years old

  • Have a regular source of income

  • Hold a UK bank account

Can I apply for a cash loan with a bad credit score?

At Cashfloat, we welcome all applications including those from people with bad credit scores. We look at more than your credit score when we assess your suitability for a loan. As long as you can prove you’ll be able to meet the repayment requirements, we’ll be happy to fund you the loan. Having a less than perfect credit score also won’t increase the price of your loan. Be assured, all customers are treated equally whatever their credit rating.

Apply now

Why take an online cash loan from Cashfloat?

There are numerous advantages to getting an online cash loan from Cashfloat. Here are a few:

  • Apply wherever you are – Get the money you need from the comfort of your home with the click of a button. Applying for a loan has never been more convenient.

  • Get your cash fast – When you need money for an emergency, you want it straight away. Our application process takes minutes, and once your loan is approved, the money can be in your account within an hour*.

  • Your details are kept private – When applying for online cash loans with us, you can rest assured that your details are kept entirely confidential.

  • No hidden fees – There are no hidden fees when it comes to applying for a loan on our website. All our loan terms are entirely transparent, and this isn’t always the case with other lenders.

  • Authorised and regulated by the Financial Conduct Authority FCA – We are listed on the Financial Services Register, which means that we are bound by regulations for responsible payday lending. So relax, you’re in safe hands.


Can I get a cash loan without a credit check?

Not from Cashfloat, no. Being a responsible lender, Cashfloat will not approve a loan application without reviewing the credit file of the applicant and completing affordability assessments. If we find that an applicant is unlikely to be able to repay a loan, we won’t fund one. We’d love to provide cash loans to everyone who needs one, but borrowing a loan you can’t afford can cause you serious money problems. We want to avoid this, so we ensure that anyone who receives a loan can afford repayments.

Many people lost trust in payday loan companies after it emerged that several popular brand names in payday lending, such as Wonga, Provident Personal Credit Limited and PiggyBank Loans, were following unscrupulous lending practices. At Cashfloat, however, we only started lending after FCA restrictions and regulations were established to combat these practices. As a result, our policies have been authorised and regulated from the get go, making us a trustworthy and responsible choice.

Why is it better to go to a direct lender for a cash loan?

Cashfloat is a direct lender. Check carefully before applying with any company whether they are a direct lender or an authorised credit broker. A credit broker will take your application to other direct lenders and offer you a choice from amongst them, and you’ll have to pay them to do this. The process will take longer, it will be more expensive and your personal details will be shared with a number of other people.

It’s easier, faster and cheaper to apply for a cash loan from a direct lender. To find out whether a company is a broker or not, look at the small print in the footer of their website or check their details against the FCA register.

Can I apply for a Cashfloat cash loan if I’m on benefits?

Yes, you can apply for a loan if you’re on benefits. You must, however, have a regular source of paid income alongside your benefits in order to be eligible for a loan from Cashfloat. We are regulated by the Financial Conduct Authority, which means that we lend responsibly. As part of this, we take the ability of our loan applicants to afford a loan seriously and only lend to people who have an income that will allow them to make repayments.

Could my credit report be negatively affected if I get a fast cash loan?

When it comes to cash loans, it’s important to be aware that your credit rating could be adversely affected by taking one if you’re not careful. This is because when any lender provides a line of credit to a borrower, the information will be shared with Credit Reference Agencies (CRA’s). If a borrower makes all their payments on time and settles their loan, this will help to boost their credit score with these agencies. However, if payments are missed or late, then this could have a negative impact on their credit rating.


What can I use a quick cash loan for?

A quick cash loan can be used when you need emergency cash immediately, and it can’t wait until your next payday. Some examples of emergencies cash loans can be used for are:

Cash loans are expensive and should only be used for temporary financial emergencies. At Cashfloat, we do not recommend taking a quick cash loan online to pay for day to day expenses, holidays, gift shopping or anything unessential. If you don’t think you can afford the loan repayments, we advise you not to apply.

Representative example

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