Cashfloat
Borrow £300 to £1,500 online with soft credit check, no guarantor, FCA regulated, repayments over 3–9 months, quick funding, transparent capped costs.
Cashfloat offers UK payday loans from £300 up to £1,500 with FCA authorisation, directly operated, and a focus on transparency. Loans can be repaid in 3 to 9 monthly instalments, providing flexibility for borrowers.
The representative APR is 611.74% with a fixed annual interest rate of 185.39%. The total repayable will not exceed double the borrowed sum. Early repayment is allowed with no penalties, and a soft eligibility check is employed initially, meaning there is no risk to your credit score until you accept an offer.
How to Apply: Step by Step
Begin your application online, choosing an amount and repayment term that suits you. Complete the soft credit and affordability check, and review your personalised offer. If you decide to proceed, accept the offer to undergo a final hard credit check. Funding is often available the same day, with 95% of approvals paid out within hours.
Pros of Cashfloat Payday Loans
One clear advantage of Cashfloat is the emphasis on transparency and regulation. Costs are strictly capped by UK law, with the maximum daily interest at 0.8% and no risk of repaying over 100% more than the amount borrowed. The soft credit check means applicants can check eligibility without impacting their credit files, and funding is available quickly, perfect for urgent needs.
Cons of Cashfloat Payday Loans
On the downside, these loans come with higher interest rates than traditional bank loans, reflecting their short-term nature and higher risk. Applicants with poor credit or unstable income may not be approved. The relatively small loan amounts and limited repayment terms might not suit those seeking longer-term or larger loans.
Final Verdict
Cashfloat stands out for regulated, transparent payday lending with no guarantor needed, quick decisions, and responsible checks. It is a good fit for those seeking urgent, short-term cash and who are confident they can repay as agreed. However, the high cost means it should be used for genuine emergencies only.