APR: 997% Representative
Loan amount: £200 - £1,100
Repayment duration: 1 - 3 Months
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CashFloat customer reviews

3.1 out of 5 from 21 reviews

Great company

09:11 29-04-2017

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Great experience easy application decision in seconds

Joe O'neill

Good overall

11:44 22-04-2016

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Better than most and money transfers quick. Website not as swish as others but that don't bother me.


Very quick took payments as agreed no more as some companies very pleased with service

07:19 21-04-2016

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Very quick took payments as agreed no more as some companies very pleased with service

Tomy L

fab company, very fair and reasonable

11:20 20-04-2016

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had an awful experience with a different company but cashfloat were gr8, very understanding when i couldnt pay, didnt charge crazy fees, friendly guys on phone... payday loans are not the best but if you need one cashfloat is the place for you

hannah milev

Fantastic website and a very speedy response, the whole process if very efficient and stress free.

09:33 18-04-2016

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Fantastic website and a very speedy response, the whole process if very efficient and stress free. Thank you Cashfloat team.

Mr A beresford

Our review of CashFloat

Our review by Alex
Written by: Alex
Consumer sentiment


Cashfloat offer one of the cheapest representative APRs in the market at 1116%. They don’t charge any fees for arranging the loan or for early repayment, in fact if you do repay your loan earlyyou’ll end up paying less interest in the long run. The only fee that Cashfloat charge is a default fee of £15 if you miss a payment. You’ll also still accrue the daily interest until you settle your payment - up to a maximum of 60 days.

Their website feels confusing – although it is filled with information about their types of loans, responsibility and blog posts, some of the most vital information for customers is missing; their FAQ section is sparse and it’s very difficult to find out basic information such as the minimum criteria. There is also no loan calculator which is usually standard practise for lenders, and applicants can only see the rate and repayments after they have completed the application.

Cashfloat’s OPTIOSCORE places them at the low end of the table, and their simplicity is one of the things that lets them down. They also receive only 6.4 out of 10 on TrustPilot with customers leaving negative comments about their lack of communication.

As with any high-cost short-term product the usual warning applies. If you have any doubt whether you can afford to repay your loan on time and in full, then don’t apply. By missing or being late with repayments, you will not only harm your credit file but could be subject to a number of fees, which can soon make things very expensive.

Overall verdict: One of the most reasonably priced lenders in the high-cost short-term market, however, their confusing website really lets them down. Unlike other lenders that offer a simple and smooth process, you really have to dig to find the information you’re looking for and I imagine this could leave many customers frustrated.


  • Flexible payment date
  • Fully authorised by the FCA
  • If declined, they will pass you through to another lender
  • No fee for arranging the loan

Minimum criteria

  • You must be over 23 years old
  • You must be a UK resident
  • You need to have a UK bank account with debit card
  • You must have a mobile phone


  • Maximum APR 997%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £15

CashFloat Customer Question & Answers

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About CashFloat

Cashfloat offer loans between £200 and £1,100 to be repaid over a term of between one and four months at a representative APR of 1116%. New customers can borrow up to a maximum of £500, however if you prove to be trustworthy and repay the loan on time, then you’ll be eligible to apply for the full £1,100.

To apply to Cashfloat you can fill out the application on their website and choose whether your repayment date is a certain date or a certain day of the month, e.g. last Friday of every month. You will need to provide details of your incomings and outgoings and employment details in order to assess your affordability and creditworthiness, which then goes towards the loan decision.

If you’re declined by Cashfloat, they will ask you to provide permission for them to pass you through to another lender. This means that if you are declined you should be able to find a lender better suited to your circumstances.

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Product data last updated: 11:44am 5/10/2017
Warning: Late repayment can cause you serious money problems. For help, go to