24/7 Loans in the UK

Do you need some extra cash to get you through a short term financial emergency?

With Cashfloat’s 24/7 loans, it’s never been easier! Whatever your credit score, you can apply for £300 up to £1,500. You can apply for a Cashfloat loan anytime, anywhere, 24 hours a day, seven days a week.

24/7 Payday Loans

Our 24/7 loans are perfect for people who need an instant solution to a financial emergency.

Less stress with Cashfloat

We recognise that waiting for a decision on a loan application can be stressful. Often, waiting to see if you’ll get the money can be just as stressful as the situation that causes you to apply for a loan in the first place. Applications for our cash loans are open 24/7, and we process applications and send the funds as fast as we can. We always do our best to get your money to you precisely when you need it, which is straight away.

How Do 24/7 Loans Work?

You can complete your application for a Cashfloat loan online, stress free. If you need help at any point, you can also contact us online, via email or via live chat.

With Cashfloat, you get a speedy response after you apply. We’re open for applications all day, every day and even at nighttime. During normal office hours on Monday to Friday, we provide immediate loan approval decisions. Most decisions are provided within 30 minutes. If your request is approved, we’re normally able to transfer the money within an hour of approval.

Where people apply for loans outside of normal office hours, we process them immediately on the next working day.

Who can get a 24/7 loan payout?

The only conditions you need to meet to apply for a Cashfloat loan are:

• You must be 18 years of age or above
• You must be a UK citizen
• You must hold a UK bank account
• You must have a reliable source of income

Are Cashfloat loans secured or unsecured?

All our 24/7 loans are unsecured, and they don’t require a guarantor either. Security is when an asset is used to back a loan. If you fail to pay a secured loan, the lender will be able to take hold of the asset as payment instead. A guarantor is another person who co-signs for a loan. If you fail to pay a guaranteed loan, the guarantor will be obliged to pay the loan instead.

You don’t need to provide a guarantor or any collateral to activate payment of a Cashfloat loan. This makes everything even more hassle free for you, and it helps us get the money to you even quicker.

Can I get a loan if I’m on benefits?

Cashfloat 24 hour loans are also available to people on benefits.

If you can prove you’ll be able to repay a loan, there’s a good chance you’ll get one with Cashfloat. Be aware that you will need to prove that you have a reliable source of income. While people sometimes think that being on benefits will disqualify them from a loan, if benefits form part of a reliable income, then it’s okay. You will need to have another source of paid income alongside your benefits, but benefits don’t mean automatic disqualification.

Get a Cashfloat instant 24/7 loan for a financial emergency

Payday loans are useful for short-term financial emergencies. You can use one to get funds for an urgent matter that can’t wait until you get paid.

Due to the short term, emergency nature of payday loans, they are expensive. Because they come with high interest rates, they should only be used when absolutely necessary. Payday loans should only be taken out when an expense has to be paid straight away, and when there isn’t a better alternative.

Some occasions when people might need a payday loan are:

• For emergency car repairs
• To fix leaking plumbing
• To replace a broken window
• When an urgent bill comes in

How does the application process work?

Before you apply for a Cashfloat loan, you can see how much it will cost you to borrow the money you need on the Cashfloat loan calculator. If you’re unsure whether you can actually afford a payday loan, you can also check out our handy affordability calculator as well.

Here’s how the Cashfloat loan process works in three simple steps.

• Step 1: When you’re ready to begin, simply fill in the short form online. This part usually takes less than three minutes. Make sure you provide all the information we need.

• Step 2: Find out instantly whether your request has been approved or declined. During normal office hours on Monday to Friday, we aim to provide instant lending decisions. Most decisions are provided within 30 minutes.

• Step 3: Receive a fast payment. Once your loan is approved, we’ll get the funds to your account as fast as possible. In the majority of cases, we get the funds to our customers’ accounts within an hour of approval.

Our entire service is provided online, giving you the speediest, most hassle free and safest service available.

How do repayments work?

After you take out a loan from Cashfloat, the funds are paid back monthly. You’ll pay the first instalment in the month after you take out a loan. You’ll then make regular payments each month that follows. Usually, you’ll make a payment on the same day as you receive your salary. Most loans have a duration of between three and six months, although larger amounts can be repaid over up to nine months.

We also encourage our customers to repay their debt early if they can. First of all, we don’t charge any penalty fees for early loan repayment. Plus, because you only pay interest when the loan is active, repaying your loan early will mean you’ll also save yourself money on interest payments. Managing your repayments is easy as well. You can log into your account any time and access all your information.

If you’re still struggling to comply with your repayment plan, we’ll try to help. Just get in touch with us, and we’ll see what we can do to get you back on track.

Cashfloat are 24/7 payday loan direct lenders

When you get a payday loan, you can get it in one of two ways: either from a broker or a direct lender. What’s the difference between the two? And which is the best option for you? Well, it does depend on your personal circumstances, but a direct lender is usually the best choice.

First, let’s take a look at what brokers and direct lenders actually do:

• A credit broker works on your behalf to find a third party who can offer you a loan
• A direct lender lends you money themselves

If you need to get hold of a loan quickly, it makes much more sense to go to a direct lender. Brokers need time to scour their sources and communicate between parties. A direct lender will handle the process internally, much more quickly. With a direct lender, you also know exactly who you’re dealing with throughout the process, avoiding any uncertainty as to where your information will end up.

In some cases, brokers can help you find a better deal. They’ll shop around to find you the best deal from among a selection of lenders, which can be helpful. On the other hand, you can do this yourself anyway. Comparison sights can be helpful when it comes to comparing the price of different loans.

Cashfloat always provide good deals on loans, and you can be sure you’ll always get a good price from us.

Cashfloat do both!

At Cashfloat, we provide the best of both worlds. First and foremost, we’re a direct lender, and we’ll always do our best to fund you a loan ourselves. However, if we can’t offer you a loan ourselves, we can act as a broker and find you an alternative lender who can. Please note that we’ll only do this with your permission.

If we’re completely unable to find you a loan, then we’ll direct you to another service provider that can help repair your credit score. If you repair your credit score, you’ll stand a much better chance of loan approval next time.