Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

If you are familiar with payday loans, you may already be aware that the payday provider Wonga went into administration at the end of August 2018. The company was heavily scrutinised for offering high APR rates, a lack of transparency and was also accused of irresponsible lending.

Here at CashFlex, we are committed to offering you short-term loans with flexible repayment terms. This means it is possible to borrow cash on the same day, with repayment terms spread over to 36 months.

What were Wonga loans?

As a payday lender, Wonga provided loans designed to cover unexpected expenses, with the repayment date set for their customers next payday. To many payday loan customers, this seemed convenient, but many were forced into repeat borrowing when they were unable to meet the high single repayment.

What alternatives are available?

Whether you are a previous Wonga customer or are simply searching for an alternative to payday loans, our lenders can help. Cashflex can offer loans that are ideal for those who need to borrow a relatively small amount, over a short period of time. As a broker, we have a panel of lenders that provide competitive loans of £100 up to £5,000.

If you choose to borrow less than £1,000, it will be possible to repay the loan in payments spread across 3, 6 or 12 months. However, if you borrow more than £1,000, repayments can be spread across 36 months, to ensure the repayment terms are affordable.

We understand that there are many reasons why people applied for Wonga loans, such as a poor credit history and the need for a quick loan. Many traditional lenders still rely on outdated decision-making models, but here at CashFlex, our lenders consider more than just your credit rating. When your application is processed the lenders will consider your current financial situation and whether the repayments are affordable.

How do I apply for a short-term loan?

Our application process is designed to be as simple as possible, with our online form taking just 2 minutes to complete. To be eligible for a loan you will need to be over the age of 18 and a UK resident. You will also need to prove that you have a regular income, which is paid into a UK bank account that can accept direct debit repayments.

During the application process on our website, you will need to provide your personal details, employment status and monthly outgoing amounts. At this stage, only a soft search is conducted of your credit file, as this allows us to match you to the lender most likely to approve your short term loan.

You will be provided with a loan quote from the lender which is able to offer the most favourable terms, although you are under no obligation to accept the offer. If you choose to proceed, the lender will complete a quick hard check of your credit file and your loan could be issued in minutes**.

As with all loans, you should consider whether the repayments are affordable before you borrow. If you would like to discuss your finances, organisations such as Step Change and The Money Advice Service can offer free and impartial advice.

Try our FastCheck tool with no impact to your credit score

Our tool allows you to calculate your chance of being accepted for a loan.

You are age 18 and a UK resident

You have a regular income from employment

You have a valid UK bank account with an active debt card

Why choose us

Sometimes, the unexpected happens that means you need money fast. Here at Cashflex we offer a user friendly process to help you find same day loans in a responsible and affordable way.

How much can I borrow?

The exact amount you can borrow depends on your personal circumstances and can differ by lender. You can apply for a loan between £100 and £10,000

What are the repayment terms?

This is dependent on the amount that you wish to borrow. The repayment terms can be: 3 months, 6 months and 12 months to name a few, ranging right up to 36 months.

Can I apply for a loan with bad credit?

Yes. If you are unsure you can use our FastCheck tool to find out your loan eligibility.

Can I repay in instalments?


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Representative example: Amount of credit: £1000 for 12 months at £166.67 per month. Total amount repayable of £2000.00 Interest: £1000.00. Interest rate: 504.7% pa (fixed).

We’re a fully regulated and authorised credit broker and not a lender.