Payday Loans from a Direct Lender

Borrow money whatever your credit score. Easy application process. Fast funding. Flexible repayments.
Our loans are available for a duration of 3 to 9 months
Warning: Late repayments can cause you serious money problems. For help, go to
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%.

Payday loans for emergencies

If you need a small loan to cover an unexpected bill, but your salary is just out of reach, you’re in the right place! We’re a payday loans direct lender, and we’ve been lending since 2014. With our fast loans, you can get money into your bank account today and pay it back within up to 9 months. You can always repay early to save money. We never charge early repayment fees.
Fast funding
Apply 24/7 online and get an instant decision. If you’re approved, we guarantee to fund your loan same day. If we need bank statements or payslips, we’ll contact you within one business day.
5* customer service
We’re a top-rated service in the UK financial services sector. Our devoted customer service agents are available via phone, email or live chat if you have any problems or need to ask us a quick question.
Payday Loans in general
About Cashfloat’s loans
Loan for people with bad credit
Who is eligible for payday loans?
How to protect yourself from online scammers

Cashfloat is a Payday Loans Direct Lender

The FCA authorises many payday loan companies only to act as loan brokers but not as direct payday lenders. Brokers can only refer your application to someone else, whereas a direct lender can lend to you directly. A responsible lender will constantly assess if a payday loan is the right financial product for you. At Cashfloat, we carry out thorough credit and affordability assessments to do our best to ensure that our loan won’t put you into financial distress.

Payday loans are expensive! If an alternative is available to you, 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.

Cashfloat is a fully authorised direct lender operating in the UK. If we can’t approve your loan, we’ll offer to act as a broker and find a lender who can, but only with your permission.

Have an Emergency? Cashfloat Can Help
Pay for an urgent appliance repair or replacement.
Finance emergency medical bills.
Maxed out overdraft? Borrow a loan until payday.
Pay your overdue rent or mortgage payments.
Finance emergency car repairs.
Cover overdue or unexpected utility bills

Our payday loans are designed specifically to cover emergencies and should never be used to solve a long-term money problem!

How to apply for our payday loans online

Payday loans for bad credit

At Cashfloat, we believe that everyone should access affordable credit in an emergency.

Are you worried 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. With Cashfloat, you can get a loan for good credit, fair credit, average credit or bad credit. As long as we see that you can afford the loan in your budget, we’ll consider your application.

Our loans range from £300 up to £1500*, and you can get the money same day, if approved. Apply now and get an instant decision!

What are bad credit payday loans?

Bad credit payday loans are unsecured loans for people who have a very poor credit file. At Cashfloat, we believe that everyone should access affordable credit in an emergency. A credit score is just an arbitrary number, which is why we care more about whether you can realistically afford the loan or not. Before applying for very bad credit loans on our website, use our free online affordability calculator to determine 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 with no credit check from a direct lender might seem like a great product, they can 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.

How can I improve my credit?

  1. Register to vote
  2. Pay your bills on time
  3. Work on paying off outstanding debts
  4. Only use 50% of your available credit
  5. Avoid overdrafts
  6. If you do need to borrow money, pay it back on time

What our customers say

Very pleased and glad to have found this company. They helped me out when no one else would and their rates are better than a lot of the other short term loan companies. The application process was pretty straightforward and once approved I had the money in my account an hour later. I will recommend this company to everyone. 🙂
Patricia H, 19 Dec 2021, Trustpilot
I was pleasantly surprised when Cashfloat accepted my application. The whole process from start to finish, was handled with precision and efficiency. I would recommend Cashfloat to anyone who needs a loan on the spot!! Well done guys!!
Chriselda Monrose, 15 Dec 2021, Trustpilot
Very friendly and handy. Needed some money to help out a friend, applied, approved, transferred, paid back.
M U Saleh, 14 Jan 2022, Trustpilot
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, 27 Jan 2021, Trustpilot
Cashfloat is a consumer favourite for payday loans in the UK.

We’ve worked hard to create a gold standard for fair borrowing from the very beginning. We’re committed to full transparency, higher acceptance rates and reasonable and flexible loan repayments. We understand how frustrating it can be when lenders repeatedly decline your loan application. We are a direct lender that puts our customers’ needs and requirements before our own. Always.

Frequently asked questions:

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: If you need a quick loan, borrow money from a direct lender only, not a broker.

Can I get instant payday loans from Cashfoat?

There is no such thing as instant payday loans because all regulated lenders have to carry out credit and affordability checks before approving an applicant. However, we will always give you an instant decision on your payday loan application. If approved, you can get the money funded into your bank within 1 hour. This may not be instant, but it’s very fast!

What makes online loans different to bank loans?

The main differences between a bank loan and an online payday loan are the speed and ease of access. When you apply for a loan from a bank, you usually have to go through a somewhat complicated process, including meetings, paperwork and a long wait. Online payday loans from a direct lender are very different in this regard. Cashfloat’s loan application process is mostly online, (although we do sometimes need to call you), 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.

Can I apply if I have bad credit?

Yes, you can. Cashfloat is a bad credit direct lender 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 their credit score! Apply today for your bad credit payday loan!

Can I get a cheap payday loan?

Payday loans are expensive, but with our new easy start option, we provide lower APR payday loans even for people with bad credit. This makes the loan cheaper and more manageable. Other lenders might offer more expensive loans to people with poor credit to lower the risk that they might not repay. At Cashfloat, we offer the same rates to everyone – no matter your credit score.

Can I get a payday loan with no credit check?

Many 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 responsible lender in the UK will perform a basic credit check. Don’t let a bad credit score keep you away from reputable lenders.

Will a loan improve my credit rating?

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’re repaying 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.

Can I apply on benefits?

If you’re on benefits, you can still apply for a loan with us as long as you have regular income from a job as well. 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 unsafe. Stay safe and apply for a loan on benefits with a direct lender today.

What happens if I can’t repay my loan?

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 on time, 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.

Can I get an alternative to payday loans?

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 a £2,500 loan over a longer period than our payday loans. The cheaper rates on our small personal loans also make them far more affordable and help you finance larger expenses without getting stuck into a continuous cycle of debt.

Are Cashfloat’s loans unsecured?

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 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.

How much do you need?

Other amount

Ready to apply?

Repayment total

Repay over 3 months, 2 monthly repayments of £246.66, last month repayment of £246.67


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 APR includes all applicable fees. Daily interest is capped at 0.793%.