Cashfloat is a UK-based direct lender authorized by the FCA, offering payday loans from €340 to €1,700. The loans are repayable over flexible terms of 3 to 9 months. Representative APRs start from 295.58% up to 1294%, with all costs and fee caps set by UK regulation. Cashfloat provides soft credit checks initially, so you can check eligibility without affecting your credit score.

How to Apply for a Cashfloat Loan

First, choose your desired loan amount and repayment duration on Cashfloat’s online form. Submit the application, which triggers soft credit and affordability checks. If eligible, review your loan offer. Only accept if satisfied, as there’s no obligation. A final hard check is only performed if you proceed, and if approved, most loans are funded the same day, sometimes within 30 minutes.

Cashfloat Advantages

One major benefit is the fast application and approval process, with the majority of successful applicants receiving funds quickly. Repay early anytime at no extra cost, keeping control over your interest expense.

The soft eligibility check gives peace of mind for those worried about their credit score, so you can confidently review your options.

Cashfloat Disadvantages

The biggest drawback is the high APR, a common trait for payday loans, making them unsuitable for long-term borrowing. Missed payments result in extra fees, with potential credit score impact.

Also, applicants must have regular income and be UK residents, so not everyone will qualify.

Our Verdict

Cashfloat is a reputable FCA-authorised lender with a clear, simple application and quick payouts. This product is best used for short-term emergencies where speed and clarity matter. Borrowers should only apply if repayments are affordable, considering the higher rates associated with payday loans.