Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Representative example: borrow £500 for 4 months, four monthly repayments of £215.81. Total repayment £863.24, interest rate p.a. (fixed) 270.10%. Representative APR 997%.
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.
We offer traditional payday loans where the entire loan amount and all accrued interest is due on your repayment date.
In a 2-month loan, there are two equal payments for each repayment date, splitting the entire loan amount and all accrued interest between them.
Spreading the loan over three months makes the repayments more affordable, as the loan amount and all accrued interest is divided into three.
For increased flexibility, we also offer 4-month repayment plans lowering each repayment further, although the overall sum of interest will be higher.
Cashfloat charges an interest rate of 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.
If you won’t be able to make a payment, call us!
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.
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.
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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.
Apply for loans of £200 up to £500 for new customers, for £1,100 for existing customers.
Choose a repayment term of 1, 2, 3 or 4 months to suit your requirements.
The daily interest rate is 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.