Rates and Terms

We believe in total transparency. There are no hidden fees or small print – this page will tell you everything you need to know about Cashfloat’s rates and terms.


Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Representative example: borrow £600 for 4 months, four monthly repayments of £247.68. Total repayment £990.71, interest rate p.a. (fixed) 270.10%. Representative APR 997%.

Calculating your loan terms

Loan periods and daily interest rates

We want to help you find the loan that’s best for you. That’s why we offer four different repayment plans, giving you the flexibility to borrow the way you need to.

Three months

Our 3-month plan is the most affordable plan. The entire loan is paid off in 3 equal monthly installments.

Four months

In a 4-month loan, there are four equal payments for each repayment date, splitting the entire loan amount and all accrued interest between them.

Five months

Spreading the loan over five months will make the repayments easier for you, as the loan amount and all accrued interest is divided into five.

Six months

For increased flexibility, we also offer 6-month repayment plans lowering each repayment further, although the overall sum of interest will be higher.

Cashfloat charges an interest rate of up to 0.8% per day on your outstanding loan principal. Your repayment dates will be set to match your pay dates, enabling you to pay off the loan simply and easily.

Remember, short term loans should be used responsibly to cover short term financial needs. They are not right for long term borrowing or if you are struggling financially. In general, you should never borrow to repay another loan.

What if I miss a repayment?

If you won’t be able to make a payment, call us!

  • On the day of the missed repayment, we’ll send you a text and email to tell you about it. We’ll then try to call you to figure something out.
  • Unless we’ve come to an agreement, a £15 late fee will be added to your account the day after the missed payment. Interest will continue to accrue at 0.8% per day, until you make a repayment or contact us to come to an agreement.
  • Should this continue for a while, the total amount of interest and fees will never exceed the amount you borrowed in the first place.

We know that things don’t always go according to plan. At Cashfloat, we’re happy to rearrange your payment plan to find something that suits you better. Please call us as soon as you know you’ll be missing a payment, so that we can avoid the £15 late fee. Don’t be shy – we’re a friendly bunch!

We’re easily contactable by phone, email or live chat – whatever suits you best.

Can I repay my loan early?

One of the best features of a Cashfloat loan is the early repayment option. Of course, we won’t charge you a penny if you want to pay off any amount of your loan as early as you wish.

But that’s not all! At Cashfloat, we’ll only charge you interest for the actual duration of your loan. So, if you repay early, you’ll be saving money on interest.

Your login area

We wanted to make it as easy as possible for you to save money. When you log in, you’ll see a calculator that will tell you exactly how much money you’ll be saving off the total amount of your loan if you repay any amount now. We just want to make your life easier.

Short term loan amount

Apply for loans of £400 up to £1,500 for existing customers.

Short term loan repayment term

Choose a repayment term of 3, 4, 5 or 6 months to suit your requirements.

Short term loan interest

The daily interest rate is up to 0.8%, so you can save money through early repayment.

If you’re looking for a loan you can understand, you’re in good hands. Here at Cashfloat, we avoid mysterious clauses and complicated terminology, and explain clearly and simply exactly how your loan will work. If you have any questions, contact our customer support team – we’re happy to help! Like what you see? Apply now for a Cashfloat loan.

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