Warning: Are you a soldier who needs cash in an emergency? Payday loans are an expensive form of credit and should be your last resort. For help with debt, go to Moneyhelper.org.uk.

Payday Loans for Military Personnel

More soldiers and military workers are applying for payday loans to help pay for emergency expenses that their salaries don’t cover. Find out how many soldiers apply and why this might be!
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%. All 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 moneyhelper.org.uk.

Do you need £300 – £1500 and payday is just not yet? You’ve come to the right place! We’d love to help those who work hard keeping our country safe. The Cashfloat Team provides loans for soldiers when they need that extra boost to help get to the end of the month. Apply now and get money into your bank account within 1 hour of approval!

1467 Military Personnel
applied for
Payday Loans
from Cashfloat in the past year.

Whether you need to borrow money for an emergency expense or some car maintenance, Cashfloat can get you the money you need quickly. Apply here, and you’ll get an instant decision.

All credit scores accepted
Flexible monthly repayments
Online application, accessible 24/7
Apply now for payday loans

Emergencies can happen, and you may not have enough funds right now to cover the costs. A quick solution is to apply for a loan for military personnel. If you need money right now, Cashfloat can provide you with a direct lending solution. You can apply regardless of your credit score and can get back on your feet as you work towards repayment.

What are payday loans for military personnel?

Payday loans for soldiers are short-term loans UK that last anywhere from three to nine months. However, they do come with a higher interest rates, so they should only be borrowed in an emergency.

How do payday loans for soldiers work?

When you apply for a payday loan, you’ll state how much money you want to borrow and for how long. The lender will then conduct credit and affordability checks to confirm that you are a safe borrower and can afford to make the loan repayments. Once you are approved and receive the loan, you’ll begin to make monthly repayments which are usually after your payday, hence the name.

Why you might need to borrow money whilst on duty

Many of those who join the military find that they need money to support themselves until they receive their first paycheck. While the pay is not luxurious by any means, it’s more than enough financial support to live comfortably. Even once you are getting regular paychecks, emergency bills can crop up leaving you with the only option of borrowing money.

Payday loans for soldiers vs. bank loans

One reason military personnel seek payday loans online is that they’re accessible and fast. Banks often have to go through a lengthy process before you get the money. You may need the money right now, and the banks cannot fulfill that need. The same is true for MOD loans. These have more flexible terms for the military, but there is still a lengthy loan process you have to complete.

Some military workers may have not built enough credit history, and banks need a good credit history. Instead of waiting for days and weeks, you can apply for an instant cash loan, even with bad credit and get the money within 1 hour, if approved.

Get payday loans for military personnel with Cashfloat today

Cashfloat provides you an easy way to borrow money online. You fill out and submit our online application form, and you”ll get an instant lending decision within 90 seconds. All our fees and APR are transparent and you will know exactly how much you’ll have to pay back with your loan. Secure a Military loan today, and get the financial assistance you need.

Apply now for payday loans
93% of military personnel who borrow payday loans are Male
70% of military personnel who borrow payday loans are Single
Average age of military personnel who borrow payday loans is 30 years old
Most common month for military personnel to borrow a payday loan is: July
Top 3 places where military personnel borrowed payday loans: Salisbury, London and Catterick Garrison
Military personnel who borrow payday loans earn an average of £1,969 a month

Are payday loans for the military unsecured?

Yes, a payday loan is an unsecured loan. It means that there is no need for collateral or a guarantor. You don’t need a good credit score to apply for our loans. It makes the process easier and faster. However, if you have better credit, you may be eligible for more options.

Can I make an early repayment?

Yes, you can repay the loan in full anytime you have the money with you and save on interest. Just login to cashfloat and repay your loan at no extra cost.

What should I consider before getting a payday loan?

Always consider other cheaper borrowing alternatives before resorting to expensive payday loans. Perhaps a relative or friend can offer you an interest free loan. This will save you paying expensive interest rates.