Cashfloat Loans Alternative
Are you looking for a Cashfloat loan? We offer an alternative. Lending Stream is a regulated direct lender in the UK offering short term loans. If approved for a loan with us, we’ll send the cash to your bank within 90 seconds*.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Not all applications will be approved for a loan. An offer of credit is subject to status and affordability checks.
Why choose Lending Stream as Cashfloat Alternative?
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Direct Lender
Lending Stream is a FCA authorised and regulated direct lender, offering short-term loans without any hidden fees.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Apply online 24/7 with decisions in seconds. If approved, cash is sent to your bank in 90 seconds.*
About Cashfloat
Cashfloat is a direct lender in the UK. They provide loans between £300 – £2,500 for people with all credit scores. Their loan application process is completely online.
They offer:
- Payday loans from £300 – £1,500 to be repaid between 3 to 9 months
- Personal loans from £1,500 – £2,500 to be repaid over 6 or 9 months
- Business loans from £1,000 – £100,000 to be repaid between 1 to 18 months
In most situations, applicants will receive a loan decision within 30 minutes during office hours. If your loan application is approved, you will receive the funds within one hour on weekdays. The funds will be transferred on the same day as long as you are approved by 4:30pm.
Who owns Cashfloat?
Cashfloat is owned by Western Circle Ltd, a company registered in England and Wales. Western Circle Ltd is a lender that operates Cashfloat, offering loans to customers in the UK.
If you are looking for a Cashfloat alternative, Lending Stream could help. In our opinion, we are one of the leading direct lenders in the UK, lending between £50 and £800 for new customers and £100 to £1,500 for existing customers. Our complete loan process is online.
Are Cashfloat regulated and authorised?
Yes. Cashfloat is a trading style of Western Circle Limited. Their company registration number is 7581337. Western Circle Limited is fully authorised and regulated by The Financial Conduct Authority. Their FCA registration number is 714479.
How is Lending Stream different from Cashfloat?
| Lending Stream | Sunny Loans |
|---|---|
| With Lending Stream, if you are a new user, you can apply for a short term loan from as low as £50. | The minimum loan amount is £300. If you want to borrow a smaller amount, Cashfloat may not be ideal. |
| At Lending Stream, we transfer the loan amount to your bank anytime of the day in 90 seconds once you get approved for a loan. It may take longer to reach your account, depending on your bank’s processes. | If approved, you will receive the funds within one hour on weekdays, as long as you are approved by 4:30pm. |
We consider loans for bad credit as we understand that everyone should get a fair chance to get credit and should not be judged based on their current credit score.
Representative 1271%APR
Eligibility for a Lending Stream loan
If you want to check your eligibility to apply for a short term loan with Lending Stream, then you must:
- Be a UK resident.
- Be at least 18 years old.
- Have a valid debit card.
- Have an active UK bank account.
- Be in regular employment with a monthly income of at least £400.
Rather than just relying on your credit score, we’ll look at all your information. A bad credit score or poor credit history won’t give us a complete view of what your current financial situation is.
Representative 1271%APR
How to apply with Lending Stream?
If you have checked the above points and think that you are eligible for a loan with us, then you can apply online on our website. There is no upfront fee. All you need to do is fill out our online loan application form and provide us with the following information:
- Your personal details.
- The amount which you want to borrow with us.
- Your employment, salary, expenses, and banking details.
Once your application is received, we will do an affordability and credit check to see if you can afford the repayments. If approved, we will send the amount to your bank within 90 seconds. We even allow early repayment with no extra fees.
Representative 1271%APR
What type of loans does Cashfloat lend?
Cashfloat is a UK lender who offer:
- Payday loans from £300 – £1,500 to be repaid between 3 to 9 months
- Personal loans from £1,500 – £2,500 to be repaid over 6 or 9 months
- Business loans from £1,000 – £100,000 to be repaid between 1 to 18 months
If approved, you can get your money funded to your bank account within 1 hour as long as you are approved by 4:30pm. However, this time may vary depending on working hours during Mon-Fri. If you fail to make your repayments on time, a £15 late fee will be added to your account the day after the missed payment.
If you are looking to borrow a smaller amount, Lending Stream could help. At Lending Stream, we offer short term loans from £50 – £800 for new customers and from £100 – £1500 for existing customers, with a repayment period of 6 months. If you fail to make your repayments on time, a £12 late fee will be added for the lifetime of the loan to your account.
What APR and loan terms are offered by Cashfloat?
The interest rate charged on your Cashfloat loan depends on:
- The amount borrowed.
- The type of loan you want to take out (payday, personal, or business loan).
- How long the loan is for.
Cashfloat has a Representative APR of 611.74% for their payday loans and a Representative APR of 295.58% for their personal loans. This includes all applicable fees.
They don’t charge fees if you want to repay your loan early. But they do charge a £15 late payment fee if you don’t repay on time. As with any financial arrangement, you should check the terms and conditions of the loan before accepting it. This should include the interest rate, monthly repayment, repayment date and any extra fees.
Cashfloat aims to send the approved loan amount to your bank within 1 hour, as long as you’re approved by 4.30pm during Mon-Fri. Lending Stream is quicker. Once approved, we’ll send the cash to your bank in 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
What can a Cashfloat loan be used for?
With Cashfloat, you can borrow a payday loan from £300 up to £1,500, repaid in 3-9 months. You can use it for urgent financial emergencies like:
Car repairs
Unexpected bills
Replacing a broken appliance
Similarly, a Lending Stream loan can help you with unexpected expenses, bills, repairs, and emergencies. We’ll give you up to 6 months to repay. However, unlike Cashfloat, you can apply for a loan under £300 with us.
Is Cashfloat still lending?
Yes, Cashfloat is still actively lending to customers in the UK. If you are looking for a Cashfloat alternative, Lending Stream could help. We offer an online loan application process, transparency, and quick access to funds.
FAQs – Cashfloat Loans
Is Cashfloat legit?
Yes, Cashfloat is a legitimate lender in the UK. Cashfloat is a trading style of Western Circle Limited. Western Circle Limited are fully authorised and regulated by the Financial Conduct Authority (FCA). Their FCA registration number is 714479.
How long do Cashfloat take to pay out?
Once your loan application is approved, the funds will be transferred to your bank within 1 hour on weekdays, as long as you are approved by 4:30pm.
Is Cashfloat a payday loan?
Yes, Cashfloat is a payday loan direct lender. Being a direct lender, they provide loans directly to customers without involving third-party brokers or intermediaries.
Is Cashfloat a direct lender?
Yes, Cashfloat is a direct lender. Cashfloat have full control over the loan process, from application to approval and funding as it is a direct lender. By eliminating third-party involvement, they can offer a more streamlined and efficient borrowing experience for customers.