Short Term Loans

Need a short term loan today? We would love to help! We are a new short term direct lender. Apply now, even with bad credit, and get an instant decision.

Short term loans are an affordable alternative to traditional payday loans in the UK. Simply put, it is a loan that can be repaid in several instalments. Afterall, for many people, it is easier to pay back their loan in several monthly instalments, rather than one single repayment. However, it is important to remember that in general, the longer you borrow money for, the more interest you will be paying on it. If you can pay off some of your loan early, then it may save you money. At Cashfloat you can repay any amount as early as you like for no extra fee, saving you money on interest.

At Cashfloat we go beyond just short term lending. We offer a short-term credit online that you can repay whenever you want and however you want within the agreed loan time periods. Early repayment will help you to save money on the interest and will put you in control of your short-term loan. And YES, we are a short term loans direct lender. Our personal short term loans can be used as cash advance or to help you until next payday. We always try to fund same day and get you the cash you need fast. You don’t need to have a perfect credit history to apply for our short term credit online.

We are dedicated to providing UK citizens with a safe, affordable option for short term loans. We understand that unexpected expenses crop up and that you may not be able to afford to pay back the loan immediately. Therefore, we are careful to make sure to only lend to people who we are sure will be able to meet all the repayments, because our goal is to help you, not dig you deeper into debt.

• You need a loan and you need it now. Even with bad credit, Cashfloat short term loans may just be the right credit option for you. The online loan application process is simple, and you can complete it in just a few minutes on your computer or mobile phone. Once your online loan application is approved, then you will usually get the cash into your bank account within an hour. No paperwork needed. As well, you can easily repay your installments as early as you want, saving on the overall cost of credit.


• Thousands of people in the UK are using our FCA-approved short term credit every month. Our customer satisfaction level is among the highest in the industry. Our clients include NHS nurses, teachers, drivers, administrative workers, students and people that need some cash advances to cover unexpected expenses or to pay bills. We aim to provide you with the best short term loans in the UK, exactly when you need it.


• Did you know? Cashfloat short term loans are calculated using simple interest rate. Unlike most loans that banks in the UK offer, here at Cashfloat we never charge interest on the interest. You pay only for the money you get.


• Cashfloat short term loans are available for people with bad credit in the UK. Cashfloat is a new direct lender! We give you the loans directly.

While short term loans are easy to access, they are not necessarily the cheapest option for you. It is extremely important to work with FCA authorised lenders only that would protect your privacy and information.

Look at the lender’s website, and ask yourself if you feel confident to leave all your details in their hands. Ensure that the connection with the website is secured, and you are operating from a protected computer or handheld device.

For many people in the UK, online access to short term credit is an excellent alternative to traditional payday loans. The FCA capped short term loan interest at 0.8% per day. So, the longer you keep the money, the more interest you pay. Cashfloat’s short term loans offer easy repayments to help you save on the interest with every early repayment. Short term loans are available online from direct lenders and brokers. Some claim to offer “short term loans no credit check UK” but you should be aware that the most FCA approved direct lenders are required to perform a credit check before approving your loan. To be on the safe side, you may want to consider searching for “short term loans bad credit uk”. What you want to find is the short term direct lender that would value affordability over bad credit score.

In the heat of the moment when in need of fast cash, people tend to search for quick easy short term loans. It is vital to understand what is behind the word “quick”. If quick loans is just a synonym to “instant decision” or short term loans with quick approval, it is great. But you should keep in mind that borrowing money is a serious decision. Don’t compromise for expensive and irresponsible lending products just because they offer quick short term loans no credit check. Take few minutes and make sure you are working with a trusted short term direct lender

The best short term loans in the UK are those that give borrowers the best credit solution for their current financial need. The overall cost of credit, additional fees, and the lender’s reputation are all important factors we want you to consider. We go above and beyond to provide you with the best short term loan when applying online with Cashfloat. We’ll never charge an administration fee, and we always offer easy repayment options, even for people with bad credit.

Here is something you need to know. Despite many confusing websites, in the UK only a direct lender can give you a short term loan. Short term loans direct lenders are acting under the strict supervision of the FCA. Many loans brokers are hiding the fact that they are not direct lenders and it is essential for anyone applying for a short term loan online to understand if the website they are using belongs to a broker or a direct lender. Cashfloat is a short term loan direct lender. Recently, we notice many searches like “short term loans no credit check direct lender”. People searching for a short term loan in the UK should know that an authorised direct lender must perform a credit check as part of the loan application evaluation.

Cashfloat is a new direct lender in the UK. We offer small short term loans online and as well small short term loans bad credit. We offer instant decision, but we always conduct a comprehensive credit check. On top of that, we appreciate people with bad credit. In many cases applications with bad credit are approved if we believe you can afford to repay the loan.

Easy repayments are an advanced feature of short term loans. In essence, it allows people to repay their loan at any time without additional fees. Cashfloat short term loans always come with an easy repayment option. Since the interest is calculated daily on the amount of capital you hold, any capital you pay early would save you interest money. Regardless of your original installment plan, you can repay your loan as early as you want without any fees.

Yes, you can still get a loan at a shop. You will have to spend hours driving there, standing in line and probably making tons of paperwork but it is an available option in the UK. As always, when thinking of taking short term credit, you want to consider all the options available for you and calculate the overall cost of the chosen loan. Unlike loans obtaining in money shops, online lenders do not have the rent overhead and can be more flexible on the terms they offer. Cashfloat does not have money shops. We try to offer the best loans online. Give us a try, experience working with a new generation of direct lenders.

Ever wondered why people take out short term loans online? True, it’s convenient, but there’s also another factor to take into account. It is rather embarrassing to be spotted walking into a short term loan shop on your local high street by someone you know. That’s why online short term loans are so popular – no one needs to find out about them.

You’ll often hear people calling this generation the ‘instant generation’, and with reason. The advancement of technology allows us to get what we want, when we want. When you need a short term loan, you usually won’t have the time to hang around waiting.

So, although short term finance is still available in high street shops, most people opt for a far easier way of receiving a loan and prefer to apply online. At Cashfloat, we have spared no effort to ensure you have a quick and easy time applying for a payday loan. Our simple application form is available online from both your mobile phone and desktop. If you are approved for a loan with us, you can receive the money within the hour of being approved. How’s that for instant?

Bad credit short term loans are available online for people in the UK. When applying for short term loans with poor credit, you need to show that you can afford to repay the loan without increasing your debt. Unlike many banks, leading short term lenders in the UK base their lending decision on affordability and payment intention. Short term loans with no credit check is not a valid option for FCA-authorised lenders. We recommend that you avoid anyone who offers you a short term loan without a credit check. Yes, you can get a short term loan, even if you have a poor credit score, but you need to understand why your credit is poor and try to improve it.

Loans for people with poor credit are available even without a guarantor or extra fees. In fact, Cashfloat short term loans are exactly that. We offer no guarantor loans online, even for people with poor credit. We base our decision more on your ability to repay our loan and less on your credit score. Because we believe in people, we never ask for a guarantor. At the same time, as poor as your credit score may be, we expect you to tell us the truth about your situation so we can get you a loan that would really help you. We are here to help you get the right short term loans for you! No guarantor needed.

Short term loans online have become an increasingly popular way of getting loans quickly and easily. You’re not likely to find any short term loan lenders in the UK who don’t have some sort of website. However, this comes with a danger too. Loan applications require lots of personal information. The last thing you want is to have all your private information conveniently being passed around the web.

Therefore, ensuring that you’re dealing with a safe and secure lender is super important. Safety online is one of Cashfloats primary concerns. We care to protect you and your information, and you can be sure that your information is safe with us. All you need to do is access cashfloat.co.uk, fill out the application form and wait for a speedy answer.

So the good news is, you can apply for short term loans online at Cashfloat.co.uk at any time or place. The bad news is, you should not. (Unless you really need to!) In many instances, the effortless accessibility of these loans online makes it less tempting to seek other alternatives. If you are looking to obtain small amounts, it is probably a handy option as the overall cost of driving to the bank and completing the paperwork would probably work out as much as the value of the loan. Still, you should always compare available options.

It is also so much easier to fall into the hands of dishonest lenders when applying online. It is so much easier for those looking to rip you off to hide behind a user-friendly, exciting website interface. When applying online, always make sure that you are using a fully FCA compliant direct lender. Look for clear contact information on the website, preferably a phone number.

When you’re faced with a temporary money shortage, a short term loan is tempting. Sometimes, it is the right solution, but not always. The question is, how do you know?

Even if you are qualified for a short term loan online, it is recommended that you check with your bank if you can obtain a loan or overdraft framework with them, as it may be a cheaper option for you. Short term loans have no sustainable value for your financial conduct. Don’t go for the easy option; find the one that is right for you.

Read more about money saving options before applying for a loan. A short term loan might be right for you, but ensure you weigh out and understand all the advantages and disadvantages first.

Our general advice for borrowers interested in obtaining a loan with us is: Always apply for what you need, not more, but certainly not less. Applying for a lesser amount will not increase your chances of getting a loan with Cashfloat, and will surely not be sufficient to help you cover the gap in your finances. We always try to evaluate if the requested amount will, not only be affordable, but also help you overcome your difficulty.

As a direct lender, and very much people oriented, we try to help our clients avoid a sticky situation. Short-term loans give you, as a borrower, the opportunity to repay less on a monthly basis. Yet, it is extremely important that you think a few steps ahead, and ensure you can afford and understand the product you are purchasing. For example, what happens if you can’t pay the monthly instalment? Speak to the lender and ensure your short term loan and the direct lender are the right ones for you.

You have two options. You can use your debit card and allow your bank account to go into overdraft until your next payday. Or, you can take out a short term loan to cover the expense, keeping your bank happy. Which one is the better option? Well, you may be surprised to discover that many banks have excessive charges and interests on unarranged overdrafts.

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The FCA have regulated short term lenders heavily, so you can be sure that you know all the expenses involved. Banks, however, are much freer to do as they wish. We advise you to carefully check exactly how expensive each option would be without jumping to conclusions – after all, more and more professionals and economically-savvy people are opting for short term loans over overdrafts.

When you apply for a short term loan online, you can apply with a broker or a direct lender. What’s the difference?

Direct Lender	Broker
With a direct lender the process is just that. Direct. You apply with, are approved by and get your money from one company.	A broker sells on your application to several payday lenders, in effect, trading your personal details around the internet – and some brokers charge up to £70 for their services, in addition to the charges of the lender that ends up with your application!

Cashfloat is proud to be a new direct lender. We have installed proper security measures on our website to ensure your details are safe. As a responsible short term lender, your security is our priority.

When looking for a short term loan, naturally you’ll want to find a cheap option. Although no pay day loans are cheap, as they sport high interest rates, some lenders will offer cheaper rates than others and brand it as cheap loans. It’s worth comparing interest rates from different payday lenders, to ensure you’re getting the best deal. On your hunt, you may very well find that you want to apply with Cashfloat.

Although we may not offer the cheapest rates around, unlike other popular companies, we have no hidden fees that will surprise you later. In fact, we are happy to reduce the cost of your loan if you are able to repay your loan earlier that you expected! Even if you have a bad credit score, if we feel you will be able to repay the loan on time, we will happily lend to you at no extra cost.

Companies like Cashfloat are great choices for bad credit loans if you don’t want a broker. Although we don’t officially offer short term loans for bad credit, as long as it seems that you’ll repay the loan on time, we’ll process your application. What’s more, with your consent, we also offer a broker service. So, if you see you’re having trouble finding a direct lender, we can help you out.

• People looking for an instant short term loan online may opt for a no credit check loan in order to get their money faster
• No credit check loan providers can guarantee an accepted application
• No credit check online loans can preserve their privacy
• Credit checks can negatively impact your score

When you apply for a short term loan, the lender will want to make sure you’ll be able to pay it back. Generally, they will perform a credit check, where they inspect your credit record for various things such as if you are up to date with most of your bills and repayments, or if you overuse short term loans.

Some lenders offer short term loans with no credit checks. This means that they rely a lot more on other aspects of your application such as your income and occupation when deciding whether or not to lend to you. Whilst this may sound tempting, these lenders are not safe to use. Credit checks are designed to keep you and your money safe. Additionally, since this is a much riskier form of lending, interest rates tend to be higher, which is why you shouldn’t go for this type of loan as a first option.

Here at Cashfloat, we are passionate about responsible lending and ensuring that we only offer affordable short term loans online. Therefore, as part of our decision process, Cashfloat’s dedicated team of underwriters manually check the applicant’s credit record and perform especially-designed affordability assessments to ensure that a loan will help and not make their situation worse. This is in line with the FCA’s regulations, and is one of the many changes that have made short term loans as safe as they are today.

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Does this mean that I can’t get a Cashfloat short term loan online with bad credit? That depends on how you define bad credit. If you’ve made some mistakes in the past but are clearly improving, it is quite likely that we will accept your short term loan application. So go on, apply now!

This is a question you should be asking yourself – we do want you to make your own investigations before choosing a lender to borrow from. If you are not sure how to compare different lenders, please check out our refreshed and updated 2016 edition of ‘The Ultimate Payday Loan Comparison Guide’.

1. Customer Service We believe that what makes us stand out from the other lenders is our absolute dedication to our customers. Our friendly customer support team are there for you every step of the way, and are happy to assist you with anything you may need.

2. Flexible Repayments Should you find it difficult to repay your short term loan, we are more than happy to rearrange your payment plan. We can temporarily freeze your loan and try to come to a good arrangement that will suit your financial situation. Our customer service team are always there to help you figure out the best plan for you.

3. Up to date Here at Cashfloat, we are constantly working on updating our systems, improving our policies and helping as many people as possible overcome their temporary financial difficulties. Our aim is not just to be a good short term loan company, but to be the best.

4. Security Here at Cashfloat, the security and privacy of our customers are core elements of our business. We utilise the best in class technologies to ensure you data is safe. Furthermore, we never share your data with any other lenders or brokers without your direct consent.

Dynamic Loans

We know that surprises can happen, both good and bad. Bad ones might cause you to take out loans, but good ones can help you pay back early. Our dynamic loan option gives you full control over your loan and helps you to save on interest fees. You can use the dynamic loan calculator to work out how much you will save by repaying all or part of your loan today. With bigger amounts, people refer to these loans as personal loans.

When your loan application comes through our website, we look through the information provided and check it against central data centres to validate it and prevent fraud. We then make a decision based on our company policies. Cashfloat short term loans always carries out credit and affordability checks to ensure that our responsible lending policy is exercised throughout.

Despite integration of the most advance underwriting technologies, we most certainly do not have a “computerised decision” approach to online short term loan applications. Real people supervise all our underwriting lending decisions. We try to ensure that you can afford the monthly repayments, and in certain cases, we would offer you a different loan structure based on our understanding of your current situation.

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We invest a lot of money to ensure that we give loans only to people who can afford them. At the most basic level, an affordability examination should assess if a client can afford the loan as requested or not. Unlike payday loans, a short term loan’s affordability is based on the monthly repayment, and not on the full requested repayment amount.

This means that if, for example, you request a loan with us for £250 over 1 month, the total cost would be £324.00. Our team of trained loan underwriters would then seek to validate that this amount is less than your monthly disposable cash. If you ask for the exact same amount, but this time for over a period of two months, you would have to pay a total of £ 353.86. Although this is a tad more expensive, you will pay it in two equal payments of just £176.93 – a far more affordable figure per month.

There are a lot of short term loan companies out there, but there are not a lot of good short term loan companies. A good short term loans company will have your interests in mind when approving loans. We hope to always be there for our customers, and are satisfied that we are providing a high level service. However, we do continue to look for ways to improve it further, in order to provide you with the top quality service that you deserve. At Cashfloat, only the best will do.

Yet again, the financial sector has been rocked by another case of serious misconduct. In early September 2016, the headlines in the USA reported that one of its largest banks was undergoing an investigation by the CFPB. Wells Fargo, an American bank were found to be creating phony bank accounts for customers without their consent or knowledge.

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In the UK, the FCA is responsible for regulating the financial industry. Short term loans are controlled through a series of laws enforced by the FCA. Short term loans are capped with the FCA maximum interest of 0.8% per day. Nicely enough, this is calculated with simple interest, and not the compound interest you may be familiar with from your mortgage payments. When repaying your loan in several monthly instalments, you are paying interest only on the open amount, and not on the amount already paid or on the interest. Responsible lenders should always display a representative example and have a loan calculator online available for you.

In the UK, most student loans are provided by the government via the student finance company. For the coming academic year of 2016 to 2017, changes to the amount of interest means that students loans will now accrue interest four years after the start of the loan, or four years after the student leaves university (whichever comes first.) This means that government student loans can accrue interest whilst the student is still studying and therefore may no longer be the cheapest option for students. Cashfloat compares the price of government student loans with other private student loans and short term borrowing.

	Amount You Can Borrow	Interest Rate	Other Information
Student Finance Company	Up to £9,000 a year in England Scotland and Wales. Up to £3925 in Northern Ireland	4.9% RIP	£21,000 threshold income for repayments
Future Finance	£1,000-£40,000	11.2%APR	–
HSBC	£5,000-£25,000	3.3%APR	For existing current account holders
Co-op Bank	£300-£10,000	9.9%APR	Government will pay interest during your studies
Barclays	£7,500-£15,000	4.9%APR	For loans between 2-5 years

This evidence suggests that taking a student loan from a bank, such as HSBC or Barclays may in fact be cheaper than taking a student loan from the government funded student finance company.

Besides for tuition fee loans, students also can receive maintenance loans to help with day to day costs such as rent, food and bills. Studies have shown that first year university students spend their entire student loan within an average of 52 days. However, a third of students admit that lack of funds does not deter them from spending, be it on nights out, alcohol or entertainment. Some turn to the bank of mum and dad, whilst others rely on the large overdraft facilities of many student bank accounts.

Short term loans are not ideal for students in this situation. Short term loans are intended for those who have a steady income and simply need a backup for when expenses are incurred before the cash is available. However, students who have spent their entire budget already will have no means of paying back the loan, nevermind the interest fees that accrue. Despite this, there are numerous short term loans available for students.

FAQS about Short Term Loans

What is a short term loan direct lender?

A short term loan direct lender is a lender that provides you with the short term loan online and you repay it directly to them, without third party involvement. The whole process is generally much simpler and often faster than going through a broker, so if you are looking for a quick short term loan online, you’d be better off searching for a direct lender.

Why should I want short term loans from direct lenders not brokers?

A direct lender will offer you the loan directly from them, whereas a short term loan broker will take your application and sell that on to various lenders, in the hope that one of them will offer you a loan. Many problems can potentially arise from this, including online security, as your details will be passed around online. Some brokers will charge for their services, and you will not know the final costs and conditions of your loan until the end of the process. Applying for a short term loan with a direct lender only is much simpler and safer, and you can verify the full details of your loan before you submit confidential information. Read this article for a more in depth look at direct lenders versus brokers.

How can I tell if a short term lender is a direct lender or a broker?

If a short term loan company is a direct lender, it will usually say so very clearly on their website’s home page. If you can’t tell at first glance, you are probably dealing with a broker who is trying to fool you into thinking that they are a direct lender – be careful!

Is Cashfloat a direct lender?

Cashfloat is a direct lender, but because we want to help everyone, we offer both services: if we cannot offer you a loan we will try to find you one with a different company, with your permission, of course. So, we are also a short term loan online broker for those who select this service.

Short Term Loans from a Fully FCA Authorised Direct Lender

It is important to only apply with a lender who is fully authorised by the FCA. Cashfloat is a fully authorised direct lender. We do everything in our power to ensure that we treat all our customers fairly. Our policies and procedures are constantly being supervised and updated by our internal compliance team and external advisors. The FCA have granted us a full license, meaning that you can now be sure that you are in good hands with Cashfloat. You can see our authorisation on the FCA’s website (under our official name, Western Circle Ltd).

Short Term Loans – The Parliamentary Business Report

In 2011-12, the short term loans market was worth between £2.0 and £2.2 billion, up from an estimated £900 million in 2008-09. Regrettably, this fast expansion has been accompanied by a substantial rise in the number of people experiencing serious debt problems. In 2013, the Office of Fair Trading (OFT) conducted a review of the sector and in conclusion found serious problems with how payday and short-term lenders were being managed. For this reason, in April, the regulation of payday loan companies passed to the (FCA) and new principles of business have been introduced. The Parliamentary Business, Innovation and Skills Committee published a new version of the business report about this market sector. At Cashfloat.co.uk, we continue to monitor the regulatory requirements and moreover, we aim to use it as a starting point, not as our quality glass ceiling.

Cashfloat: A Short Term Loan Provider You Can Trust

Cashfloat is a short term loan provider that you can finally trust! If you are looking for cheap short term loans, then we advise you to look for a loan you can really afford instead of the option that looks the cheapest. Often, a so-called ‘cheap’ loan turns out to actually be very expensive, once you take into account all the fees and charges involved. In fact, if you do find a company who claims to offer cheap loans for students, or cheap loans without credit check, you may want to ensure that the lender is legit.

Remember, the FCA have strict rules in place, and if a lender seems to be breaking them, it is not a good idea to do business with them. See our Short Term Loans Online Safety Guide for more detailed instructions on how to spot a dodgy short term lender. Afterall, it is your money so you need to take good care of it. Here at Cashfloat, we are responsible, reliable, and happy to help!