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.

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 what payday loans are, why military personnel sometimes need them and how you can get hold of one with Cashfloat.
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 moneyhelper.org.uk.

Do you need £300 to £1,500 and payday is too far away for you to wait? 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 an extra boost to get to the end of the month. Apply now and get money in your bank account within one hour* of approval!

1467 Military Personnel
applied for
Payday Loans
from Cashfloat in 2020.

Whether you need to borrow money for car maintenance, to pay an unexpected bill or for another financial emergency, Cashfloat can get you the money you need fast. Apply here, and you’ll get an instant decision.

All credit scores considered
Flexible monthly repayments
Online application, accessible 24/7
Apply now

Payday loan solutions for military personnel

Financial emergencies happen, and sometimes they strike when people are short of funds. Maybe it’s halfway through the month and your car needs expensive repairs. You can’t wait until payday to get it fixed. So what do you do? A quick solution is to apply for a payday loan for military personnel.

Payday loans are short-term loans that last anywhere from three to nine months. Borrow £300 to £1,500 from Cashfloat, and repay your loan in monthly instalments over the repayment period you agree to. If you need money right now, Cashfloat can provide you with a fast online lending solution. You can apply regardless of your credit score, and if you’re approved, our loan will get you back on your feet.

Please note that payday loans come with a high interest rate. They’re an expensive form of borrowing, and you should only use one in an emergency.

How do you apply for a payday loan?

You can apply for a payday loan using Cashfloat’s online application form.

When you apply for a payday loan with Cashfloat, you’ll state how much money you want to borrow and for how long. We’ll then conduct credit and affordability checks to confirm that you’re a safe borrower and that you can afford to make the loan repayments. We provide instant decisions to most of our applicants, and we also aim to fund the money to your account within one hour.

Once you’re approved and you receive the loan, you’ll begin to make monthly repayments from the next month. Usually, this means you start repaying your loan after your next payday, hence the name payday loan.

Why do soldiers sometimes need a loan?

Military pay is usually more than enough to allow military personnel to live comfortably. It’s not luxurious, but it’s usually enough. Despite this, financial emergencies can happen and people can get caught out. Your pet might suddenly get sick, for example, meaning you’re left with a big, unexpected vet’s bill. Alternatively, your computer might break all of a sudden meaning you need to buy a new one.

Sometimes these emergencies happen at a time when people are short of funds. And when people are short of funds, their only option might be to borrow money from a payday lender. Payday lenders like Cashfloat provide money straight away, they have high approval rates and they have flexible borrowing conditions. Borrowing from a payday lender is fast and convenient.

Payday loans are expensive and should be used as a last resort. They do, however, provide a fast and convenient way to deal with a financial emergency.

Payday loans vs bank loans for soldiers

The reason military personnel in the UK often choose payday loans over bank loans is that with payday loans it’s easier to get approval and you get the money faster.

When you take a loan from a bank, you usually have to go through a lengthy process before you get the money. The application process will probably be quite complicated, and they’ll take longer to make a decision. When a financial emergency strikes, however, you need to have the money straight away. Banks can’t fulfil that need. Payday lenders like Cashfloat, on the other hand, can.

MOD loans are slow as well. They have quite flexible borrowing terms, but there’s still a lengthy process to go through before you get the money.

Banks also usually have tougher requirements. Most importantly, you’ll probably need to have a good credit score to get a bank loan. In many cases, military workers will find that they haven’t built up enough of a credit history to get a bank loan.

Instead of waiting for days or weeks, or being rejected because of your credit score, you can apply for a cash loan with Cashfloat. You’ll have a good chance of approval, and we provide instant approval decisions. If you are approved, we’ll also get the money to you fast. Even with a bad credit score, you could get the money in your bank account within one hour*.

Get a payday loan for military personnel with Cashfloat today

Cashfloat provides you with an easy way to borrow money online. After you fill out and submit our online application form, you’ll get an instant lending decision. We also aim to fund the money to your account within an hour if you’re approved. All our fees and interest charges are transparent, meaning you’ll know exactly how much you’ll have to pay back before you borrow the money.

Secure a military loan today, and get the financial assistance you need!

Apply now
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, payday loans are unsecured loans. What ‘unsecured’ means is that there’s no need for you to provide collateral or a guarantor for your loan. Collateral is an asset that you will give up to pay the loan if you can’t afford to, and a guarantor is a person who will agree to pay the loan if you can’t afford to. You will take full responsibility for the loan. You also don’t need a good credit score to apply for our loans. We look at more than your credit score when we make an assessment of your ability to repay a payday loan. As well as this, people who have a good credit score don’t lose out: they may find they’re eligible for more options because of their good credit score.

Can I make an early repayment?

Yes, you can repay the loan in full anytime you have the money ready, and you’ll save on interest by doing so. 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 an expensive payday loan. Perhaps a relative or friend can offer you an interest free loan. This will save you paying expensive interest rates.

Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk.