Cashasap.co.uk is a trading name of London-based APFIN Ltd, which was launched in March 2013. The lender offers same-day short term loans for those in need of a fast financial boost. You can apply for any amount to the nearest pound, so you don’t have to borrow more than you need. The Cashasap.co.uk online account management facility enables you to apply for new loans, see how much you owe on existing loans and repay your loan early.
APFIN Ltd, the parent company of Cashasap.co.uk, is authorised and regulated by the Financial Conduct Authority.
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.
Key features of a Cashasap.co.uk loan
Product Name
cashasap.co.uk Short Term Loan
Available Amounts
£200 to £750
Representative APR
1,266.9%
Loan terms
3 months to 6 months
Funding speed
15 minutes
How does a Cashasap.co.uk loan work?
Fill out the simple online application form, which should take just a few minutes. If you have difficulties completing the form, you can call an advisor for help. However, they can’t fill out the form for you over the phone.
Cashasap.co.uk then performs a credit check based on the information you give. Once approved, you can expect the money in your bank account on the same day.
How do I pay back my loan?
Like most short term loan providers, Cashasap.co.uk uses a Continuous Payment Authority (CPA) to collect the repayments from your bank account on your chosen dates.
What is a Continuous Payment Authority (CPA)?
A CPA is a recurring payment in which you give a company permission to withdraw money from your account on a regular basis.
CPA differs from direct debit because it gives the company being paid the ability to withdraw money from your account whenever they wish and to take payments of different amounts without consulting you. Most payday loan companies use CPA to collect your repayments. However, you can cancel this at any point by either consulting with your bank or provider.
What are the eligibility requirements?
You should only apply for a Cashasap.co.uk loan if you are certain you can meet the repayment terms. You must also:
Residency
UK resident with a UK bank account
Minimum age
18
Additional eligibility notes
Be in full or part-time employment Have a working mobile phone and email address
Did you know?
In 2015, the Financial Conduct Authority (FCA) capped interest and fees on all high-cost, short-term credit loans at 0.8% per day.
In addition, the FCA 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.
Customer support information
If you have any queries or need support, then you can contact Cashasap.co.uk through the online contact form on their website. Alternatively, you drop Cashasap.co.uk an email at info@cashasap.co.uk or ring 0800 488 0905.
Customer reviews
Cashasap.co.uk has an “excellent” rating on Trustpilot of 4.4 out of 5, based on over 2,800 reviews (updated September 2023). Customers praised the customer service and helpful staff, as well as the straightforward application process.
Is high-cost, short-term borrowing a good idea?
Short term or “payday” loans offer a temporary solution when you get into unexpected difficulties with your finances, but they are a very expensive method of borrowing. Therefore, you should only consider this option as a last resort. Short term loans are unlikely to solve your money problems in the long term and are not suitable for borrowing over longer periods or for people with serious debt problems.
Before you apply for a short term loan, make sure you have considered all other options carefully. Is the expenditure that you’re planning absolutely essential? If you can defer a purchase, then you could save yourself money in the long run. If you are struggling to pay a bill, then try talking to your electricity, gas, phone or water provider to see if you can work out a payment plan. Read more about alternatives to payday loans at moneyadviceservice.org.uk.
Frequently asked questions
This could be for a number of reasons. Cashasap.co.uk may decide that based on your information, a short term loan is not suitable for your financial circumstances. If your application is refused because of information obtained from a credit reference or fraud prevention agency, you will be given details so you can contact the organisation directly.
Your loan application may also be delayed, or even declined, if the information provided in your application form does not match the details the lender or a credit reference or fraud prevention agency holds about you. It is important to make sure the information you give is true and accurate.
You have the right to object to the lender’s use of automated credit scoring in assessing your application. You may request that it reconsiders the decision or considers your application on a different basis. If you object and want Cashasap.co.uk to reconsider its decision, you can email with details about why you object within 21 days of the date your application was declined.
If you have had an unexpected change in your circumstances or you are now facing financial difficulties, you should contact Cashasap.co.uk as soon as possible to discuss your options.
You may be asked to provide further information to help the lender review your situation. It may be able to extend your scheduled repayment date or freeze your balance depending on your specific circumstances and the changes that have occurred. You can also always speak to an independent advisor, such as StepChange or National Debt Line, who can provide debt help and advice free of charge.
It is crucial that you never ignore your repayment date or the lender’s attempts to contact you. This may lead to a Default Notice being put on your account and the issue being transferred to a debt collector.
Cashasap.co.uk may grant you an extension after your repayment date, but only if it is satisfied that the cause is not because you are in financial difficulty.
Contact cashasap directly via email at info@cashasap.co.uk or call the customer service telephone on 0845 094 1905.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio
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