Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.
Launched in 2011, CASH4UNOW offers a flexible approach to short-term lending, with loans of £150 to £600 (or up to £1,000 for returning customers) to be repaid over 4 months to 6 months.
| Product Name | CASH4UNOW Short Term Loan |
|---|---|
| Available Amounts | £150 to £1,000 |
| New customer maximum | £600 |
| Loan terms | 4 months to 6 months |
| Soft search eligibility check | |
| Employer contacted during application | |
| Instant decision in most cases | |
| Funding speed | CASH4UNOW aims to fund any successful application the same day (Monday to Friday only). |
| Repayment period options | Monthly |
| Default repayment method | Continuous payment authority |
| Additional repayment methods | Online payment,Phone payment |
| Repay early at any point | |
| FCA registration number | 672320 |
If you’ve decided that a CASH4UNOW loan is right for you, here’s how you get one:
When you apply for an instalment loan, CASH4UNOW will build a repayment schedule around your paydays. Spreading your payments over several months may make paying back your loan more manageable, but bear in mind that you will pay more in interest overall.
Like similar short-term loan providers, CASH4UNOW uses a Continuous Payment Authority (CPA) to collect the repayments from your bank account on your chosen dates.
A CPA is a recurring payment in which you give a company permission to withdraw money from your account whenever it wishes, and to take payments of different amounts without consulting you. Most payday loan companies will use CPA’s to collect your repayments, however you can cancel this at any point by either consulting with your provider or your bank.
You should only apply for a CASH4UNOW loan if you are certain you can meet the repayment terms. You must also:
| Residency | UK resident |
|---|---|
| Minimum age | 18 |
| Min. income | £600 a month |
| Additional eligibility notes | You must be aged between 18 and 65. You must have a UK bank account with a valid debit card associated with it. You must receive your salary into your bank account on a regular basis. You must have a valid contact number and active email address. You must not be bankrupt, in an individual voluntary arrangement (IVA), debt management plan (DMP), debt relief order (DRO) or the Scottish equivalents (trust deed, sequestration) |
| Repay early at any point | |
|---|---|
| Repaying early can reduce overall interest | |
| Phone number | 0113 887 3434 |
They additionally capped all default charges at £15 and the total cost (interest, fees) of loans at 100% of the original sum. This means you’ll never have to pay more than double the amount borrowed.
Payday loans, and high-cost, short-term credit from lenders like CASH4UNOW generally are a very expensive way to borrow, and should only be considered as a last resort. They may not solve your money problems, and are not a good idea for borrowing over longer periods, or sustained borrowing. Before you apply for a payday or short-term loan, make sure you’ve considered other options, and ask yourself if the expenditure that you’re planning is absolutely essential? Read more about alternatives to payday loans at moneyhelper.org.uk.
CASH4UNOW isn’t the only provider of payday and short-term loans around. Check out our list of popular sites that offer similar products and services to CASH4UNOW.