Looking for a same day loan? Apply now for up to £1500 and get the money in your bank account today. At the Cashfloat team, we believe everyone should have access to the help they need when they need it – even same day! Our payday loans are designed for those even with a poor credit score. Complete your application in just a few minutes and get an instant decision!

Apply now – get instant decision!

But how does it work? Are same day loans the right option for you? 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 resolve your financial dilemma.

Why Choose Same Day Loans for Bad Credit?

It’s essential to understand why same day loans are beneficial, as these loans should only be used in emergencies and not as a long term solution to ongoing cash flow problems. Let’s take a look at some of the main reasons why our customers opt for same day loans:

  • Household maintenance: Repairing a broken washing machine, a leaking roof, a car or a central heating boiler on the blink; necessary household expenses are often costly and appear when you least expect them.

  • Help with rent: Perhaps this month has thrown up a few unpleasant surprises, and you can’t quite make it until payday to meet your rental agreement.

  • Bills: Sometimes you need to pay urgent utility bills which show up just a little higher than expected. Bills can inflate quickly and considerably if 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.

The main advantage of this type of loan is, of course, the same day aspect, meaning your financial worries can be resolved instantly.

What are Same Day Loan Direct Lenders?

Generally speaking, there are two ways of borrowing money; from direct lenders or from a broker. Essentially, the difference between the two is simple. The lender transfers the money to you directly. The broker, on the other hand, works as a representative, offering loan products or services. Their job is to acquire a third party to lend you the money, and they gain commission based on successful transactions.

Which is Better; a Direct Lender or a Broker?

Suppose you’re looking for an quick loan online with as little hassle as possible. In that case, a direct lender is usually your best option. Going directly saves valuable time, as lenders can give you immediate answers to if and how much you can borrow. With a broker, you have to wait around until they have located a suitable loan source.

Apply online from a direct lender

Same day loans for bad credit in the UK are easier through direct lenders, too. Brokers do not have access to the ins and outs of your credit history, and they tend to work better with customers with a good credit score. Plus, with a lender, you know exactly who you are dealing with throughout the process and have complete control over the transference of your information to other lenders.

Same Day Loans No Credit Check?

Those with a poor credit rating may seek out loans that require no financial check whatsoever, which is an understandable reaction to constant rejection. However, no creditworthiness check loans in the UK are unlikely to be regulated by the Financial Conduct Authority (FCA), meaning you could find yourself dealing with loan sharks with dire financial repercussions.

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

Apply Now – bad credit accepted!

Same Day Loans for Bad Credit No Guarantor

Finding a guarantor at a moment’s notice can be another hindrance to obtaining the cash you need right now. That’s why our instant direct lender payday loans for bad credit take everything into account, looking past your poor rating and lack of a financial backer. This opens up instant solutions to many more people across the UK.

How Do Same Day Payday Loans Work?

Okay, so you now know what a same day payday loan is, why you may need one and who is the best person to go to for instant results. But how does it work in practice? Let’s find out.

We specialise in fast short term loans online, for customers with poor credit ratings. That’s why our loan options range from £300 to £1,500 and run between three and nine months in duration. You can repay all our loans early, and as we only charge when the loan is active, you can save money by repaying at your earliest convenience.

Application is simple and takes less than five minutes:

  • Complete the online application form.

  • Receive a decision from our team. If approved, you can expect your funds to be received within one hour*. If declined, we can, with your permission, attempt to find another lender on your behalf.

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

  • If you don’t repay early, the amount will be taken from your account as agreed and under CPA rules.

  • You can contact us at any time to discuss your details or rearrange your payment plan.

At Cashfloat, we strive to make lending money easy, safe and accessible to all. If you have any questions on how we can help you today, do not hesitate to get in touch!

Apply online for an easy loan

What if I am not approved for a same day loan?

Sometimes it may happen that you are not approved for a same day loan. There may be several reasons why:

  • You may not meet the eligibility criteria for the lender. See below for Cashfloat’s eligibility criteria.

  • You may have made some financial decisions in the past that has negatively affected your credit file. Potential lenders do check credit profiles to help them with making lending decisions.

  • 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 were not approved for a same day loan, we suggest you wait a few weeks before applying again.

What can I use a same day loan for?

Same-day loans are designed to be used in emergencies, like paying an unexpected utility bill that you have not budgeted for or a dental bill. Same day loans should not be used to help fund holidays or weddings as that can cause serious money problems.

Apply online to help with your emergency expenses

Who can apply for a same day loan from Cashfloat?

As a responsible lender, to apply for a loan from Cashfloat, you must:

  • Be 18 years or over

  • Be a UK resident

  • Have a UK bank account

Is there any extra cost for same day loans?

Some lenders may add an extra fee to your loan for expediting the application to provide same day funding. However, with Cashfloat, we offer same day loans as a standard. Apply today. Once you get approved, you can receive your money within 1 hour*.

Are same day loans safe?

The safety of same day loans really depends on the lender and borrower. In the UK, lenders must be FCA authorised and regulated. It is the responsibility of the Financial Conduct Authority to ensure that the companies authorised under them are functioning legally and lending fairly to borrowers. When a person applies for a loan, they must ensure that they can afford to repay it on time. A same day loan is deemed safe to those that will use it responsibly and can afford it. Loans should only be used to help with emergency expenses like a car breakdown or medical bills that can not wait until payday.

What Exactly are Same Day Loans Bad Credit?

As the name suggests, same-day payday loans refer to small, short-term loans credited on the day of application. Same-day loans are repaid monthly, usually on the exact date the borrower receives their salary. The bad credit part of the equation relates to poor credit ratings, which generally result in loan rejections or loans granted only on the condition of a guarantor.

At Cashfloat, we know that a bad credit score isn’t always a true reflection of an individual’s situation and doesn’t necessarily imply a customer lacks the means to repay their loan. We only look at whether you can realistically afford it, which can be determined easily using our simple online calculator, available free of charge.

Representative example

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