CashFloat short-term loans review

CashFloat is a direct lender offering short-term loans of between £200 and £1,100.


Facing unexpected costs and need a quick loan? CashFloat is a UK-based short-term loan provider, offering loans between £200 and £1,100. Apply for a loan online and you could get an instant decision and same-day payout. Our review can help you decide whether this is the right lender for you.

Have a poor credit history? CashFloat is still willing to consider you. And if you’re accepted, you can pay back part or all of your loan as early as you like without being charged early repayment fees.

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

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.

How do CashFloat loans compare with the rest?

Table: promoted deals, sorted by total payable
If you’ve used the CashFloat calculator to get a quote and want to see if you’re getting a good deal, you can use the table below to find out how much a comparable loan is likely to cost you from some other popular short-term lenders:

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.

Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

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Is high-cost, short-term borrowing a good idea?

Payday loans, and high-cost, short-term credit are a very expensive method of borrowing 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 for sustained borrowing.

Before you apply for a payday or short-term loan, make sure you’ve considered other options. 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’re struggling to pay a bill, then why not talk 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

Key features of a CashFloat loan

  • Loans of £200-£1,100. The amount you’re able to borrow will depend on your personal circumstances.
  • Bad credit accepted. CashFloat funds thousands of bad-credit payday loans.
  • No early repayment fees. Repay back your loan as early as you like without facing additional charges.
  • Online application. Simple online application.
  • Quick cash. If approved, receive your loan the same day.

How does a short-term loan from CashFloat work?

To secure a CashFloat loan you must first complete the online application form. Here you’ll need to select the amount you wish to borrow and provide some personal and financial details. Decisions on applications usually take between one and three hours. Your decision will be confirmed via email.

CashFloat may need to ask a few extra questions in order to decide. If this is the case, it will phone you.

If you’re approved, you could receive your loan the same day. Repayments are taken monthly using a continuous payment authority (CPA).

You can pay part or all of your loan back early. This will save you money on interest and you won’t be charged any early repayment fees for doing so.

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.

CPAs differ from direct debits because they give the company being paid the ability to withdraw money from your account whenever it wants to, and to take payments of different amounts without consulting you. Most payday loan companies will use CPAs to collect your repayments, although you can cancel this at any point by either consulting with your provider or your bank.

What are the different repayment options?

It’s possible to borrow the following amounts for the following periods of time. Repayments will be taken each month, but you can pay back your loan as early as you like.

  • £200-£250. 1-2 months
  • £300. 1-3 months
  • £350-£450. 2-3 months
  • £500-£600. 2-4 months
  • £600-£850. 3-4 month
  • £900-£1100. 4 months

What are the eligibility requirements?

You should only apply for a CashFloat loan if you’re certain you will be able to make the repayments, and you meet the following criteria:

  • UK resident
  • Over 18 years old
  • Have a UK bank account

How do I apply for a loan from CashFloat?

  1. Choose how much you want to borrow and your repayment period.
  2. Fill out your personal, contact, employment and financial details.
  3. Receive a decision within a few hours.
  4. If accepted have your cash could be transferred the same day.

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.

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.

Frequently asked questions

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We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though 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, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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