Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk Loanski is an authorised credit broker not a lender

    Cashfloat Loans Alternative

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

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

    Choose Loan Amount

    Credit score not affected*

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    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Choose Loan Amount

    Credit score not affected*

    Loading

    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

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

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid out in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    REPRESENTATIVE 97% APR

    Loanski offers competitive interest rates compared to some lenders across the market.

    Installment Options

    Customize your loan term from 1 month to 60 months putting you in control of your payment plan.

    Fast Payouts

    You can expect fast payouts sometimes within 10 minutes^

    Company Number: 

    7581337

    Company Name:

    Cashfloat is a trading style of Western Circle Limited

    Date firm started up business:

    7th of May 2013

     

    Type of Business: 

    64921 – Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

    64929 – Other credit granting not elsewhere classified

     Cashfloat offers the following:

    Customers can apply for amounts between £400 pounds and £1500

    Related brands:

    Pay Day Bad Credit

    Paydayloansnet

    Peraloans

    Personal Loans Now

    Quick Loans Express

    The Proper

     

    Loan term length: 

    Cashfloat recommends paying back the loan as soon as you can to avoid unnecessary interest. Their recommendations are as follows:

    £400 – £550 – 3 months

    £600 – £800 3-4 months

    £850 – £900 3-5 months

    £950 – £1300 3-6 months

    £1400 – £1500 4-6 months

     

     

     

    Head Office Address:
    Office 8 Zohar Court,
    2a Highfield Avenue,
    London,
    England,
    NW11 9ET

     

     

    FCA Status: Authorised

    Western Circle Ltd is fully authorised and regulated by the Financial Conduct Authority (FCA)

    Payout Time:

    After approval, the money may be in your account within 1 hour.

    Cashfloat Review

     

    Cashfloat are a direct lender who opened their doors to help people with unexpected financial situations in 2014.

    Their motto is: “HERE TO HELP WHEN NO ONE ELSE WILL”

    Regardless of your credit rating, Cashfloat do their best to assist you in every situation and understand that payday loan customers are just really normal people in need of emergency help.

    They will do their best, regardless of your credit score to help you as much as they can, and if for some reason they are unable to offer you a loan they will try to find a lender who can.

    Customers are able to apply for three kinds of loans as described below:

    Payday loan: This loan is normally paid back within no more than 32 days and is purely what it says, a loan to get you through until your next payday.

     

    Short term loan: These loans are also ‘kind of’ a payday loan. They are instant and you can receive them fast into your account. They are more often smaller amounts but you have a little more time to pay them back, usually up to 6 months.

     

    Bad credit loan:

    These loans are usually a little higher in interest and can require extra paperwork such as proof of benefits or employer details. However, it is reassuring to know that even if you have got yourself into difficulty in the past, there are still people who are will to help and give you a chance.

     

    How the company works

    If you would like to apply for a loan with Cashfloat then you can apply with them directly online. Their service is very fast and effective and you could receive your loan within the hour!

    All you need to do is select the amount you wish to apply for and click the ‘apply now’ button. This will then take you to the short application form which should take no more than 10 minutes to complete.

    There are 6 sections you will need to complete with the following information:

    • Loan details
    • Personal details
    • Monthly income
    • Monthly Outgoings
    • Employment Details
    • Bank details

    It is advisable to have all of your information to hand, ready to make your application process faster and smoother.

    Once you have submitted your application for a loan, you should receive a decision about your application almost instantly.

    Sometimes you may need to provide additional paperwork such as a wage slip or proof of address to support your application.

    If this is the case then you will be able to upload this securely using your online account.

    Once your application is fully completed, you could receive your loan within the hour! All you need to do from this point is make your repayments.

    Cashfloat also has the option of ‘Easy Start’. This option allows you to choose the option of making a smaller 1st repayment along with a smaller final payment. The payments in the middle will be a little higher.

    You don’t pay any more but it gives you more of a chance to get your finances on track with a lower first payment.

    Repayment method:

    You can choose your term of repayment if you get a short-term instalment loan. You will have between 2 and 6 months to pay back the amount you borrow.

    Payments are taken automatically using the continuous payment authority method, also known as CPA.

    Continuous Payment Authority is where the loan company will deduct your payment each month directly from your bank card. This is similar to direct debit but a little better because (subjective), if you happen to miss a payment you will not be charged a £25 fee from your bank, as some banks do.

     

    Do I need a bank account?

    You will need to have a bank account to apply because Cashfloat is an online loan business. You will also need a debit card which is linked to the same bank account to verify your identity.

     

    To be eligible to apply for a loan you must fit the following criteria:

    Age

    All applicants must be at least 18 years of age.

     

    Address information

    Applicants must also be a resident within the United Kingdom and be able to prove this. You will be asked for your previous address history over the previous 3 years on your application form.

     

    ID and Income

    Cashfloat can validate your identity online using all of the information you have provided. Normally you will not need to provide any additional information or documentation. If you do then they will advise you of this.

    Information about your income and outgoings will be required so that they can assess whether or not you will be able to afford your repayments.

    It is not mandatory to be in employment because Cashfloat also accepts applications from people on benefits.

     

    Penalties

    If you can not make your repayments then it is advisable to contact Cashfloat as soon as possible to talk to them about your options. They may be able to help you out and offer you a solution.

    Not talking to them could put you in a worse situation and mean you may have to pay even more money if you miss the agreed  repayments.

     

    Reviews

    On Trustpilot, Cashfloat has an average star rating of 3.5 stars out of 5. Ther are mixed reviews of good and bad. A lot of customers are very happy with the service they received and return for second loans.

    There is also a mixed range of customers who weren’t too happy with the service they received or weren’t pleased because they couldn’t be offered a loan.