Cashasap.co.uk short-term loans review

Cashasap.co.uk offers short-term loans of £100 to £750 to be paid off in a one lump sum after your next payday, or over 3 monthly instalments.

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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.

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.

Key features of a Cashasap.co.uk loan:

  • Borrow up to £750. Cashasap.co.uk offers “payday” loans which you pay off in one lump sum after your next payday. Alternatively, you can take out a “multi-month” loan where the cost is spread over 3 monthly instalments. Bear in mind that although instalments can make repayments more manageable, you will pay more in interest overall.
  • Fast payment. If you are approved, you can expect the money in your bank account within 15 minutes.
  • Fixed, high interest rates. With interest charged at a high rate every day for the duration of the loan, this is realistically an expensive way to borrow money.
  • Late payment charges. If you miss a repayment, Cashasap.co.uk will not charge you a default fee of £10. Missing payments can also affect your credit rating and make it more difficult to obtain credit in the future.
  • Early repayment. You can repay your loan in full or in part at any time without being penalised. This is recommended if you can afford to do so as it will save you money in interest.

Warning: late repayment can cause you serious money problems. For help, go to moneyadviceservice.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.

Table: promoted deals, sorted by total payable
How much money do you need to borrow?


How long do you need to borrow over?


Name Product Available Amounts Monthly repayment Total payable
£50 to £1,500
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.
£200 to £1,500
Representative example: Borrow £400 for 4 months at a rate of 255.5% p.a. (fixed). Representative APR 939.5% and total payable: £597.48 in 4 payments of £149.37.
£100 to £1,000
Representative example: Borrow £400 for 6 months at a rate of 229.95% p.a. (fixed). Representative APR 720% and total payable: £707.01 in 6 monthly payments of £117.83.
£100 to £1,000
Representative example: Borrow £250 for 30 days at a rate of 292% p.a. (fixed). Representative APR 1270% and total payable: £310, in 1 payment of £310.
£50 to £1,500
Representative example: Borrow £250 for 74 days at a rate of 292% p.a. (fixed). Representative APR 1300.5% and total payable: £398.00, in 1 payment of £74.00 and 1 payment of £324.00.
£100 to £1,000
Representative example: Borrow £500 for 5 months at a rate of 292% p.a. (fixed). Representative APR 1,297% and total payable: £867.05 in 5 instalments of £173.41.
£100 to £1,000
Representative example: Borrow £480 for 9 months at a rate of 133.1% p.a. (fixed). Representative 535% APR and total payable £959.04 in 9 monthly payments of £106.56.
£100 to £2,500
Borrow £100 for 8 months at a rate of 204% p.a. (fixed). Representative APR 567% and total payable £199.33 in 8 monthly payments of £19.93. You can repay this loan early.

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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 will not be able to fill out the form for you over the phone. Cashasap.co.uk will perform a credit check based on the information you give. Once approved, you can expect the money to be 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 they give 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 will use CPA to collect your repayments, however you can cancel this at any point by either consulting with your provider or your bank.

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:

  • Be at least 18 years old.
  • Be in full or part-time employment.
  • Hold a UK bank or building society account with a valid debit card
  • Be a UK resident with a UK bank account and a linked debit card./li>

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.

Frequently asked questions

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We exist to help you find better. The offers we've compared on this page are from a range of products whose details we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations of these) aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When you make major financial decisions, it's wise to consider getting independent financial advice. Always consider your own financial circumstances when you compare products so you get what's right for you.

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