Looking for a same day loan? Apply now for up to £1,500 and get the money in your bank account today. At Cashfloat, we believe everyone should have access to the financial help they need when they need it. And for us, that means same day loan funding! Our payday loans are fast, and they’re also designed for people with a bad credit score.

Completing the application takes a few minutes, and you get an instant decision! If you’re approved, you’ll get funded on the same day*.

Apply now – get an instant decision!

But, before you take out a loan, how do Cashfloat loans work? Is a same day loan the right option for you? Is there anything else you need to know?

We believe in total transparency, and our open and honest approach allows you to make an informed decision. Read on to find out whether our services can help you.

Caution: payday loans should only be used for short term financial emergencies. They shouldn’t be used to fund optional expenses or expenses that can wait until you get paid. Misusing payday loans can cause serious financial problems.

What can I use a same day loan for?

Let’s take a look at some of the typical financial emergencies Cashfloat customers face when they opt to take out a same day loan:

  • Household maintenance: Things like fixing a broken washing machine, mending a leaking roof or having a central heating boiler repaired when it’s on the blink are often costly, and they often need to be done when you least expect it.

  • Help with rent: Perhaps too many unexpected expenses came up this month, and you need some help to meet your rental agreement.

  • Bills: Sometimes people need help to pay urgent utility bills that turn out to be higher than expected. Bills can inflate quickly and considerably if they’re left unpaid.

  • Medical expenses: Covering costs for medical and dental care for you and your family can leave you with little left in the bank to meet other payments.

  • Car repairs: Car repairs are a common reason for taking out a payday loan. People depend on their cars for lots of things, including getting to work. If a repair bill comes in at an awkward time or if it’s higher than expected, then you might need a payday loan to make the payment.

There are other reasons as well! The big advantage with payday loans is that they’re easy and quick to get hold of. With same day loans, that’s particularly true. With a same day loan, your financial worries can be resolved instantly.

The important thing is to remember that payday loans should be used to help with short term financial emergencies. You should also only take one out if you’re sure you can pay it back. If you’re in financial difficulty, you can go to MoneyHelper for advice.

Can I get a same day loan for bad credit?

At Cashfloat, we welcome everyone to apply for a loan, even with a bad credit score. We don’t just focus on your credit score; we consider other factors too. As long as you can show you can manage the repayments, we’re happy to give you the loan. Don’t worry, having a less-than-perfect credit score won’t make your loan more expensive. We treat all customers the same, no matter their credit rating.

How do same day payday loans work?

Cashfloat payday loans are fast, short term loans that you take out online. Our loan amounts range from £300 to £1,500, and our loan periods run between three and nine months. You can repay your loan early if you want, and because we only charge for when the loan is active, you’ll save on interest payments by doing so. Cashfloat loans are also available for people with poor credit ratings.

The loan process is simple with Cashfloat:

  • Complete the online application form. Usually, it takes less than five minutes!

  • Receive an instant decision from our team*. We aim to provide a decision within 30 minutes of an application being made. If you’re declined by us, with your permission, we can act as a broker and try to find an alternative lender.

  • If you’re approved for a Cashfloat loan, you can expect to receive your funds within one hour*.

  • Payments will be taken from your account under continuous payment authority (CPA) rules. This agreement will be made when the loan is taken out.

  • You can log into your account at any time, review your information and make additional partial or complete payments.

  • You can contact us at any time to discuss your details or your payment plan if you’re having difficulty making repayments.

At Cashfloat, we strive to make borrowing money easy, safe and accessible to all. If you have any questions or there’s anything we can do to make things easier, don’t hesitate to get in touch!

Apply now – get an instant decision!

Is there an extra cost for getting a same day loan?

Some lenders add an extra fee if you want to have a loan funded to you on the same day. At Cashfloat, however, we provide same day loans as standard. Whenever you come to Cashfloat for a payday loan, we aim to give you an instant decision and a same day payout.

Apply today. Once you get approved, you can receive your money within one hour*.

Who can apply for a same day loan from Cashfloat?

As a responsible lender, we have certain eligibility criteria. To apply for a loan from Cashfloat, you must:

  • Be 18 years old or over

  • Be a UK resident

  • Have a UK bank account

  • Have a steady source of income

Apply now – get an instant decision!

What if I’m not approved for a Cashfloat loan?

Sometimes it happens that we can’t approve someone for a loan. There are various reasons why this can happen.

If you’ve not been approved, here are some possible reasons why:

  • You don’t meet the eligibility criteria, as mentioned above.

  • You’ve made some financial decisions in the past that show in your credit file and which mean we can’t lend to you. Like all potential lenders, Cashfloat does check everyone’s credit files and use the information in them to make a lending decision.

  • You may not have completed the application correctly. It’s important to go over and check your loan application before submitting it to ensure everything is filled out correctly.

If you make too many applications for credit in a short period of time, this can negatively affect your credit score. If you weren’t approved for a same day loan, we suggest you try to wait a few weeks before applying for another one.

Things to consider when you’re looking for a fast loan

One important thing to think about before you take out a same day payday loan is whether to use a direct lender or a credit broker. It might also be a good idea to think about getting a guarantor loan instead. Lastly, it’s also important that you know how to approach lenders that offer no credit check loans. Read on to find out more.

Should I go to a direct lender or a credit broker?

Generally speaking, there are two ways of going about borrowing money: from a direct lender or from a credit broker.

The difference between the two is simple. A direct lender lends you the money themselves. A credit broker, on the other hand, works as a representative of other lenders. Credit brokers offer loans, but when you go to one, they find a third party lender who will lend you the money. Credit brokers are paid a commission when they successfully connect you with a lender.

If you’re looking for a quick online loan with as little hassle as possible, a direct lender is usually your best option. Going directly saves time as well as money. You don’t have to pay the broker’s commission, and the application process is usually much faster. After you’ve taken out your loan, you’ll be able to get in touch directly with your lender if you have any questions as well.

Apply online from a direct lender

Should I get a guarantor or a no guarantor loan?

A guarantor loan is a loan where the person who takes out the loan finds someone to cosign for it. When they co-sign, the other person agrees to repay the loan of the primary applicant if he is unable to. They guarantee repayment of the loan. Usually, guaranteed loans are easier to get hold of if you’ve got a bad credit rating. They can also be cheaper and come with more favourable borrowing terms.

Guarantor loans can be useful, but they have drawbacks as well. The obvious problem is that you need to find a guarantor, and this can be difficult. There are other problems as well. They’re slow, for one thing. It’s unlikely you’ll be able to take out a same day guarantor loan. Finding a guarantor is a major hindrance if you need cash right now. There’s also more paperwork with a guarantor loan, and less privacy as well.

Cashfloat’s same day direct lender payday loans for bad credit are much faster and more convenient than guarantor loans.

Can I get same day loans no credit check?

People with a poor credit rating are often tempted to take out loans that are offered without a credit check. This is an understandable reaction to constant rejection in lots of cases. However, loans that are offered in the UK without a credit check are a bad idea.

The Financial Conduct Authority (FCA) require all lenders to carry out a credit check on loan applicants before approving a loan. This is an essential step that exists to safeguard every applicant’s financial safety. Lenders that offer loans without a credit check are irresponsible, and you should avoid them. If you take one of these loans, you could find yourself dealing with loan sharks. This could have dire financial repercussions.

At Cashfloat, we carry out credit checks for your financial safety, but we don’t discriminate against bad credit scores. We can help you find the support you need safely and reliably.

What is a Cashfloat same day loan?

A Cashfloat same-day payday loan is a small short-term loan that’s credited to someone’s account on the day they make the application. Same-day loans are repaid monthly, usually on the exact date the borrower receives their salary. Our loans come with complete transparency, so you know exactly how much it will cost for you to pay the money back. You can also pay a loan back early and save money by doing so.

As well as being convenient all round, our same day loans are also available to people with poor credit scores. At Cashfloat, we know that a bad credit score doesn’t always mean a person will be unable to repay a loan. We do carry out credit checks, but we also look closely at every applicant’s personal situation to see whether they can realistically afford a loan.

You can look at what’s available on our loan calculator. You can also use our affordability calculator to see if you can afford a loan.

Representative example

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