Are you looking for a quick short term loan with easy repayments? You’ve come to the right place! Cashfloat’s short term credit facility is an excellent payday loans alternative. Our flexible plans mean that you can borrow up to £1,100 and repay in easy weekly or monthly instalments. If you want to close your loan early, you can do so in minutes free of charge and save money on interest!

Apply today and get an instant decision within seconds! If approved, your loan can be funded within just 1 hour! Now that’s what we call fast.

Short Term Loans and your Credit Score

If you have very poor credit, borrowing even a small sum of money can become difficult. Luckily, at Cashfloat, we aim to make quick short term loans readily available to everyone – no matter what your credit score!

Do short-term loans affect your credit rating?

Are you looking for a short term loan with no credit check?

For sure! If you repay your loan consistently on time, your credit rating will improve. However, if you fail to make payments on time, it will have a damaging effect on your credit report. That’s why you should never borrow money if you might not be able to pay it back. If you’re not sure whether you can afford the monthly/weekly repayments, take a minute to check out our loan affordability calculator here.

Let us help you! Most people search for no-credit-check loans because they believe that problems in their credit file will prevent them from getting a loan from a direct lender. However, Cashfloat is a new direct lender. Cashfloat uses better credit-assessment technology that allows us to fund people with bad credit. Don’t put your safety at risk by searching for a short term loan with no credit check.

Even though credit checks are an essential part of our loan process, affordability often plays the more prominent role in our decision-making. So, as long as you can afford to repay your loan from month to month without going further into debt, we’ll consider your loan application. After all, we care about our customers and wouldn’t like them to struggle with paying back the loan.

Is it best to apply with a direct lender or a broker for my credit?

Getting your loan directly from the lender is in many ways your best option. First of all, the process of applying with a direct lender is much quicker than that of a broker as there are fewer steps involved. Getting a short term loan from a direct lender also affords you more flexibility as:

  • There’s a much higher acceptance rate
  • You get a much faster decision
  • You communicate with real people, not via systems like a ping tree.

Apply now for short term loan with Cashfloat – a reliable direct lender. You can apply within minutes, and we guarantee you an instant onscreen decision. If approved within business hours, you will be funded the money same day. As a direct lender, we have complete control over the loan process and are continually working on making it faster and faster.

Don’t believe us? Check out our customer reviews! We’re rated 4.79/5 on!

What are the advantages of short term loans online?

Getting a short term loan online is currently one of the fastest ways to borrow money. Here are four things that make these loans worth your consideration:

  • They are easy to apply for – Unlike inflexible bank loans, you can apply for short term or payday loans at any time from anywhere in the world, as long as you have Internet access. Cashfloat’s application form takes just 2-3 minutes to fill out, and you’ll get an instant decision.

  • They are quick – With Cashfloat’s short-term loans, you’ll never be asked to fill out any paperwork, and you will never be asked for a guarantor. As the saying goes, ‘Time is money!’ and we’re not wasting even a second of it. If you’re approved, you’ll be funded within just 1 hour!

  • They have very basic criteria – Banks have super strict criteria, so the process can take days if not weeks. On the other hand, unsecured short term / payday loans have minimal conditions, so they usually come through quickly on the same day, although they do come with a higher price tag.

  • They’re cost-effective – Unlike payday loans, where you need to repay the total amount in one bulk sum at the end of the month, small short-term loans are repaid in several easy weekly or monthly instalments over a brief period of time.

What can Cashfloat’s loans be used for?

Although there are no hard and fast rules about what you can and can’t use your short term loan for, anyone who takes out a loan should have a good reason for it. However, still, there are many times in our lives when a short term credit facility can be the right solution. Here are some examples:

NB: Never use an online loan to repay other debt. If you find yourself depending on short term / payday loans every month, quickly seek debt advice.

How do I know which loan to choose?

As with any financial obligation, always take the time to weigh your options carefully, even in an emergency situation. Once you’ve decided that borrowing money is really the right choice for you, you’ll need to look for the loan that gives you the best credit solution for your current financial need.

Our loans range from £200 to £1,100 with flexible repayment options of 1-4 months and are perfect for reacting to an unexpected expense. We do not offer loans over a year. Still, whether you’re unemployed, a student, on benefits, or self-employed, you should be able to find a plan that fits your specific needs.

What do I need to apply for a loan with Cashfloat?

Applying for a Cashfloat loan takes just a few minutes. All that is required is:

  • UK residency
  • A UK bank account
  • Be at least 18 years old
  • Be in full-time employment, or have regular source of income

We’re fast! So fast that your request is usually processed within half an hour – depending on the information you provide. If for some reason, we can’t approve your loan, we’ll try and find a lender who can. Don’t worry; we’ll never share your private details with anyone without your consent first. We go all the way to protect your personal information, in line with the GDPR .

If you are a first-time applicant, you can apply for any loan amount up to £500, repayable over 1-4 months. If you are a repeat customer, you can apply for up to £1,100. If you need any help while using our website, you can get help through our online customer service option, where you can chat with our advisors in real-time.

Why choose Cashfloat Short-Term Loans?

At Cashfloat, we take our responsibility of providing affordable short term credit online very seriously. As such, we go above and beyond to provide you with the best short term loans on the Internet!

  • We’re a quick direct lender that specialises in short term lending
  • We never ask for a guarantor
  • We are very fast in getting you the money you need that same day
  • We have one of the best short term APRs
  • Repay as early as you want and save on interest. No early repayment fee!

At Cashfloat, you will never be judged by your credit score. We’re all human, and we all make mistakes from time to time. When you work with Cashfloat to obtain a responsible loan online, we’ll work quickly to solve any issues. We’re always here for you.

Written by: Kelly R
Last modified: