Cash Loans

When a financial emergency crops up out of the blue, a cash loan could be a suitable stopgap to help tide you over. Search for the right cash loan for you with Cashflex. Any credit score considered. Cash loans from £100 to £10,000.

What is a cash loan?

A cash loan is a sum of money that’s borrowed from a lender and paid back in instalments, including interest.
Borrowers typically apply for a cash loan to help them cover the cost of an unexpected expense, such as a broken boiler.
Despite the name, a cash loan is not paid in physical cash but transferred to your bank account.

Cash loans UK

If you’re looking for a cash loan in the UK, Cashflex could help you search.
Cashflex is a credit broker with access to a panel of over 30 direct lenders, all of whom are authorised and regulated by the Financial Conduct Authority (FCA).
With Cashflex, you can search for a short-term cash loan from £100 to £10,000. Depending on the amount of money you apply to borrow, you could repay your cash loan over a term between 3 and 60 months.

Cash loans for bad credit

Here at Cashflex, we’re proud to work with a number of lenders who specialise in cash loans for people with bad credit. Even if your credit history is a little worse for wear, your application might still be considered, although please bear in mind that if you are offered a bad credit cash loan, it could come with a higher interest rate.

How do I get approved for a cash loan?

Before you search or apply for a cash loan, you’ll need to make sure that you match the lender or broker’s eligibility criteria.
You’re welcome to search for a cash loan with Cashflex if you:

• Are over the age of 18;
• Are a UK resident;
• Have a UK bank account and valid debit card; and
• Have a regular source of income paid into your bank account.

Can I get a cash loan with no credit check?

In the UK, it’s not possible to get any type of regulated loan without a full credit check, known as a creditworthiness assessment. This is in line with regulations set by the FCA, which are in place to protect you.
A creditworthiness assessment provides lenders with an insight into your financial history and gives them an idea of how likely you are to repay the money you’re applying to borrow.

Check your eligibility for a cash loan with no impact to your credit score

You can use the free Cashflex FastCheck tool to reveal your chances of being approved for a cash loan before you make a full application.
Checking your eligibility for a cash loan with FastCheck will not harm your credit score.

If you’re matched with one of the cash loan direct lenders on our panel and decide to make a full application, they will carry out a creditworthiness assessment. A creditworthiness assessment will include a hard search or Open Banking. Please note that a hard search will be visible on your credit file for up to 12 months. Undergoing multiple hard searches within a short period of time could cause your credit score to decline.

Can I apply for a cash loan online?

Most lenders will allow you to apply for a cash loan online, although some may ask that you finalise your application in a local branch.

The Cashflex credit broking process starts online. Our form takes just five minutes to fill out, and we’ll reveal whether you’ve matched with a lender in just 60 seconds.
You can search for a cash loan on cashflex.co.uk 24/7, at a time and place that suits you, whether that’s at 2am on your night shift break or at half-time during your weekend football match.

How quickly can I get a cash loan?

If you’re searching for a fast cash loan in a hurry, it’s likely that you need the money to put towards a financial emergency. While this situation can be stressful, it’s important to take a step back and consider all the options available to you before you make a decision.

A cash loan isn’t necessarily the right choice for everyone, and thorough research is needed before you apply.

• Can you afford the monthly repayments?
• Will repaying the loan leave you with enough money to cover the cost of your essential monthly outgoings, such as bills and food?
• Are you aware of how the interest rate you’re offered will impact your monthly repayment amount, as well as the overall cost of the loan?

If you’ve decided that a cash loan could be a suitable option for you, it’s worth knowing that some of the lenders on the Cashflex panel could send your money on the same day as your application is approved.*

Repaying a cash loan

A short-term cash loan will be repaid in monthly instalments throughout the duration of your chosen term. Your monthly repayments will also include interest.

What happens if I fall behind on my cash loan repayments?

A late or missed repayment will have a negative impact on your credit score. Some lenders could also charge a fee for late or missed repayments.
If you’re finding it difficult to keep up with your cash loan repayments, you should contact your lender as soon as you can.
While it’s important to bear in mind that every lender is different, you could be offered a repayment holiday or temporarily reduced repayments while you get back on your feet.

Free, financial advice

Talking about money can feel uncomfortable, but it doesn’t have to be.
If you’re worried about your finances or need some guidance on how to process debts, please know that you can reach out to any of the following charities or organisations for free, confidential advice: StepChange, MoneyHelper, Citizens Advice, and National Debtline.

*Payout timescales vary between lenders. The time it takes for the money to appear in your account will depend on your bank’s policies and procedures.