These days we live a lot of our lives online. While you can still head down to the local branch of your banking provider, more and more people are choosing to apply for loans using the internet.
CashFlex is a reputable online loan broker that makes it easy to make a loan application online. Whether you're looking for a personalised quote or a quick indication of whether you qualify for a loan, keep reading to find out why online borrowing is on the up.
Just as the name suggests, an online loan is a type of personal finance that you can apply for via the internet.
Most direct lenders allow borrowers to make an application online, but it can be hard to know where to get started. That's where CashFlex comes in by matching applicants with the online lenders that are most likely to approve their request.
Whether you're applying from the comfort of your own home or on the move using a smartphone, CashFlex makes it easy to find a loan online.
There are a wide range of loans that you can apply for online, ranging from quick finance solutions to debt consolidation loans and beyond.
It's important to choose a type of loan that addresses your needs and suits your circumstances. The loans outlined below are just some of the varieties for which you can apply online.
Personal loans are a flexible form of unsecured loan that could allow you to access the cash you need with repayment terms over the short to medium term. The name is used to refer to a wide variety of lending products, making it all the more important to understand the specific details and conditions of any loan you're applying for.
Short term loans are exactly what you'd expect them to be - borrowing that is repaid back over a matter of months. Many lenders offer short term loans online, and this form of credit provides a simple solution to paying for unexpected bills and minor emergencies.
Online payday loans are a form of short-term borrowing that you are expected to repay when your wages next come in. They attracted a bad reputation for themselves in the recent past on account of questionable lending practices and high-interest rates. These days, the popularity of payday loans has decreased as more people turn towards other flexible short-term loan options.
Short-term personal loans are also sometimes referred to as cash loans. They involve borrowing an amount of money which you must then repay alongside any interest that's generated over the term of the loan.
Simply enter your details into our FastCheck eligibility checker service to find out your chances of getting accepted for a loan. You'll presented with the likelihood of whether you qualify within minutes, and the system won't have any impact on your credit score.
To apply for a loan via CashFlex you'll need to be 18 years or over, be a UK resident and have a UK bank account with a debit card. You'll also need to have a regular income that's enough to cover your monthly payments.
CashFlex makes it easy to apply for a loan online. Simply complete our short application form, providing personal details such as your income. We’ll then review your application and try to match you with the lender from our panel that’s most likely to approve your loan.
From then you can choose whether or not to make a full application with the lender, at which point they will need to conduct a full credit check. If you are approved, money could reach your UK bank account within minutes.*
You'll have a choice of repayment terms when applying for a personal loan via CashFlex. The repayment periods you can choose from vary based on different loan amounts:
Loans of up to £900 can be repaid over a 3, 6, or, 12 month period.
Loans of between £1,000 to £2,000 can be repaid over 6, 12, 18, 24, or even 36 months.
Loans of over £2,000 can be repaid over 12, 18, 24, or 36 months.
These flexible options allow you to apply for a loan that's right for your circumstances, making it easier to find an affordable loan online.
Quite possibly, yes. We understand that not everyone has a perfect credit score, and the lenders on our panel do too.
These days, many online direct lenders are willing to look past previous financial mistakes and low credit ratings. Instead, they're focused on the here and now - and are more concerned about whether loan repayments will be affordable for you given your personal circumstances.
Not necessarily. While you can apply for a non-guarantor loan online, many direct lenders (including those on our panel) offer personal finance that doesn't require anybody else to sign up with you.
Rather than getting you to enlist the support of a guarantor, the lenders on our panel will closely examine whether your income and current financial circumstances will enable you to keep up with regular monthly repayments.
If we are unable to match you with a non-guarantor lender we may present you with a guarantor lender based on the information you provide in your application form.
Yes - from short-term lenders to credit card providers, the Financial Conduct Authority (FCA) requires all authorised and regulated finance providers to conduct checks on potential customers before making them an offer. While we only use soft credit checks to match applicants with lenders from our panel, the lenders themselves will always conduct a hard credit check if you choose to make a full application with them.
So-called 'no credit check loans' are a myth, but there are ways to check whether you're likely to get your request approved without leaving a marker on your credit file. Our FastCheck service will provide you with the likelihood of whether you qualify for a loan with one of the lenders from our panel in just moments.
Almost anything! While we always encourage borrowers to make responsible financial choices, there is no restriction on what you can do with the funds from an online loan.
Unlike traditional bank loans, online direct lenders are less worried about why you need the money and more concerned about whether it's affordable for you. Provided that your circumstances will allow you to repay what you owe on time, the money you borrow is yours to use as you please.
CashFlex makes it easy to get a loan online. With a simple application process that can be completed from almost anywhere, money could be sent to your account in just minutes*.
It's the smart way to find short-term finance online, all without the need to make multiple applications.
Bring your search for credit into the 21st century with CashFlex - the quick, flexible online credit broker.
Try our FastCheck tool with no impact to your credit score
Our new tool allows you to calculate your chance of being accepted for a loan.
Representative Example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28. Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative.
We’re a fully regulated and authorised credit broker and not a lender.