Loans in London

Are you looking for a payday loan in London? You can apply for up to £1500 and get the money in your bank account within 1 hour* of approval! Repay in up to 9 monthly installments.
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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 loans are available for 3 to 9 months depending on the loan amount - rates between 295.58% APR and a maximum APR of 1294%.
Warning: Late repayments can cause you serious money problems. For help, go to

Living in London can be very expensive, and sometimes people need an extra money boost to help them through a tough spot. Cashfloat is a London-based, direct lender offering online payday loans. Apply today, and get a Cashfloat loan even if you’ve got a bad credit score.

20,000 Londoners
applied for payday loans
from Cashfloat
in 2020

Whether you need to borrow money to replace a broken appliance, fix your boiler, cover car maintenance or for another financial emergency, Cashfloat can help. If you need funds to cover an essential, urgent expense, we can get you the money you need fast.

Apply online, and you’ll get an instant decision and fast funding.

Friendly London-based customer service team, available to assist via phone, chat or email.
Make repayments early at no extra expense, and save money on interest charges.
Easy and transparent interaction throughout the whole loan experience.
Apply now

Are you a Londoner looking for a short-term loan?

If you’re a Londoner looking for help to cover an emergency expense, then you’ve come to the right place! Our short-term online loans are available in amounts between £300 and £1,500, perfect to cover a whole range of short-term financial emergencies. We also offer convenient repayment conditions, with repayment plans for three to nine months.

After you complete the Cashfloat application process, you’ll receive an instant decision. The money will also reach your bank account within an hour* if you’re approved.

Who is eligible for a Cashfloat loan?

To be eligible for a Cashfloat loan, you must:

  • Be at least 18 years of age
  • Have a steady source of income
  • Be a UK citizen
  • Have a UK bank account

Where can I get a loan in London with a bad credit score?

There are plenty of Londoners out there with bad credit scores, and there isn’t any need to worry if you’re one of them!

If you’ve got a bad credit score, it won’t scare us! When we receive a loan application, we look at more than the applicant’s credit history. We do look at this information, but we also look at the amount of disposable income the person has. If an applicant has enough disposable income to pay for a loan, despite having a poor credit score, then there’s a good chance they’ll get approval from us.

Have you got a bad credit score, but you need a loan? Apply online today for your direct lender payday loan with Cashfloat!

Have bad credit? Apply online today for your direct lender payday loan with Cashfloat!

The cost of living in London

The cost of living in the UK’s capital is high, compared to the rest of the UK, and people often struggle to make ends meet. Living in the big city means paying higher regular monthly expenses. Rent, food, transport and other costs are all higher than elsewhere, and it’s no wonder that some people find things difficult.

According to HomeLet, the average rent value for new tenancies across London in 2023 is £2,174. For many young people starting out in the workplace with lower-paying jobs, rents like this are unaffordable. The other high costs people pay in London add to the problem as well.

This table shows how the cost of living in London compares to other big cities in the UK. All figures are for the average cost per month.

Public transport
(typical monthly pass price)
Basic utilities Fitness club
(monthly fee)
Full day pre-school childcare
monthly cost
Rent for 1 bedroom apartment in the city centre

Apply now for your loan

67% of Londoners who borrow payday loans are Male

77% of Londoners who borrow payday loans are Single

Average age of Londoners who borrow payday loans is 35 years old

Most common job fields for Londoners who borrow payday loans are Managerial, Healthcare and Sales

Most common month for Londoners to borrow payday loans is July

Londoners who borrow payday loans earn an average of £2,409 a month


What can I use a payday loan for?

Once you’ve received a payday loan, you’re free to spend the money in any way you see fit. It’s important, however, to understand that payday loans should only ever be used to pay for emergency expenses. Payday loans are expensive, and you should always be sure you definitely need one before you take one out.

Payday loans should never be used for non-essential expenses, and they should never be used to provide temporary relief from a long-term money problem. For help with debt, go to

Can I get a payday loan in London with no credit check?

Taking a payday loan that comes with no credit check may be tempting if you’ve got a poor credit score. However, applying for one of these loans isn’t recommended because credit checks are performed to help lenders make responsible lending decisions. Any responsible Financial Conduct Authority (FCA) authorised lender will conduct a basic creditworthiness check for every loan applicant.

You should only use lenders regulated by the FCA for your safety and security, and you should search a lender’s website to see if they display their FCA credentials. Most lenders will have their FCA number as a clickable link in the footer of their website. You can see Cashfloat’s FCA credentials here.

How do I choose the best payday loan in London?

Your choice of the best payday loan provider in London will depend on the things that matter most to you. Having a lender with flexible repayment plans may be the most important thing for some people. For others, it may be having a lender that specialises in loans for bad credit scores.

Here are some things you should consider when comparing loans:

  • The total cost, including any hidden fees
  • How long you are given to make the repayments
  • If the loan is secured or unsecured
  • If the lender accepts applicants with bad credit scores
  • Past customer reviews and ratings

What other payday loan companies are there in London?

There are lots of payday lenders that are based in London. Here are some of them:

  • – A direct lender offering fair loans to people with bad credit scores.
  • – Loans up to £750. First-time customers are limited to £400.
  • – Same-day funding for free. Application process is entirely online.
  • – Loans start from £50. You can get a no-obligation quote.
  • – A lender that specialises in getting a loan to you quickly.
Warning: Late repayments can cause you serious money problems. For help, go to