About CashFloat
Cashfloat offer loans between £300 and £1,000 to be repaid over a term of between one and four months at a representative APR of 611.74%. 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 £1,000.
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.
Mark joined Choose Wisely in 2015. He continues to work in close contact with the providers, brokers and journalists operating in the world of consumer credit.