Guarantee	Unsecured Loan
Age Eligibility	18 or over
Income eligibility	Have a steady source
Additional requirements	Have a UK bank account
Available to	New or Existing Customers
Credit score	All
Interest Rate	Fixed
Amount	£300 to £1,500
Payment Term	3 months – 9 months
Representative APR	611.74% p.a.

EXPERT RATED

Cashfloat Bad Credit Personal Loan provides a straightforward solution for those struggling to secure credit. With loans ranging from £200 to £2,500, it offers a quick, accessible option with repayment terms between 3 and 9 months. Whether it’s for an emergency or unexpected expenses, this loan aims to bridge financial gaps efficiently.

The application process is fully online, with fast approvals and no need for a guarantor. While interest rates may be higher due to risk factors, the transparency in fees and repayment structure ensures borrowers know exactly what to expect. Let’s explore if this loan fits your needs.

Why Choose Cashfloat?

When looking for a loan with less-than-perfect credit, finding a lender that offers fair terms and fast approval can be a challenge. Cashfloat Bad Credit Personal Loan is designed to provide a reliable borrowing option, even for those who might struggle to get approval elsewhere.

With loans ranging from £200 to £2,500, this short-term solution helps cover unexpected expenses while keeping the repayment process manageable.

One key advantage of Cashfloat is the quick and straightforward application process. Everything is done online, with a decision in minutes. There’s no need for a guarantor, which means fewer hurdles to getting the funds you need. Plus, repayment terms range from 3 to 9 months, allowing you to choose a schedule that fits your budget.

Unlike some bad credit lenders, Cashfloat operates with transparency—there are no hidden fees, and you’ll know exactly what you owe from the start. However, as with most bad credit loans, interest rates tend to be higher due to the increased lending risk. This makes it crucial to borrow responsibly and ensure the repayments fit within your budget.

If you need fast access to cash, clear repayment terms, and a lender that understands credit challenges, Cashfloat Bad Credit Personal Loan could be a solid option. Now, let’s take a closer look at its features.

Key Features You Need to Know About Cashfloat Bad Credit Personal Loan

The Cashfloat Bad Credit Personal Loan is designed for borrowers who need quick access to funds but may have struggled with credit in the past. Offering loans between £200 and £2,500, it provides a short-term solution for covering unexpected expenses. Repayment terms range from 3 to 9 months, allowing borrowers to choose a timeframe that suits their budget.

The fully online application ensures a quick and hassle-free process, with fast approvals and no guarantor required. Once approved, funds can be transferred within hours. Interest rates are higher than standard loans, reflecting the increased risk to the lender, but the terms are clear and transparent, with no hidden fees. If you need a flexible, short-term loan with straightforward repayments, Cashfloat could be a practical choice.

Is This Personal Loan What You Need? Weigh Up the Pros and Cons

When deciding if the Cashfloat Bad Credit Personal Loan is the right option, it’s essential to weigh up the pros and cons. Let’s break it down.

Pros:

✔ Borrow £200 to £2,500 – A flexible range for covering short-term financial needs.
✔ Fast approval and payout – If approved, funds can be transferred within hours.
✔ No guarantor required – Borrow without needing someone else to co-sign.
✔ Clear repayment terms – Fixed monthly repayments over 3 to 9 months, making budgeting easier.
✔ Bad credit considered – A potential solution for those struggling to get approval elsewhere.

Cons:

❌ Higher interest rates – Due to the higher lending risk, APRs can be steep.
❌ Short repayment terms – Maximum of 9 months, so repayments may be higher than longer-term loans.
❌ Not for long-term borrowing – Designed for quick financial fixes, not large expenses.

If you need a fast, short-term loan and can manage the repayments, Cashfloat Bad Credit Personal Loan might be a suitable option.

You Qualify? Essential Criteria to Apply for Cashfloat Bad Credit Personal Loan

Before applying for a Cashfloat Bad Credit Personal Loan, it’s important to check whether you meet the eligibility criteria. Here’s what you need to qualify.

Basic Requirements

✔ Age & Residency – You must be at least 18 years old and a UK resident.
✔ Regular Income – Whether you’re employed, self-employed, or receiving benefits, you must have a steady income to afford repayments.
✔ Active UK Bank Account – The loan is deposited into and repaid from a UK bank account.

Credit & Financial Considerations

✔ Bad Credit Accepted – Cashfloat considers applications from those with less-than-perfect credit. However, your affordability will be checked.
✔ No Recent Bankruptcies or CCJs – You may struggle to qualify if you’ve had a recent County Court Judgment (CCJ) or bankruptcy.
✔ Affordability Check – Lenders will review your income and expenses to ensure repayments are manageable.

Documents You May Need

✔ Proof of Identity – A valid passport or driving licence.
✔ Proof of Address – A recent utility bill or bank statement.
✔ Proof of Income – Payslips or tax returns if self-employed.

If you meet these criteria, you’re likely eligible for a Cashfloat Bad Credit Personal Loan. The application process is fast and online, with quick decisions. Checking your eligibility won’t affect your credit score, so it’s worth seeing if you qualify before applying.

Finally, Here’s How to Apply

Applying for a Cashfloat Bad Credit Personal Loan is a quick and straightforward process, designed to get you the funds you need without unnecessary delays.

Start by checking your eligibility online—this won’t affect your credit score. If you qualify, you’ll complete a full application, providing details about your income, employment, and expenses.

Once submitted, Cashfloat will run a credit and affordability check to ensure the loan is suitable for you. If approved, you’ll receive a loan offer with clear repayment terms, and the money could be in your account within hours. Simple, fast, and transparent!

If Cashfloat Doesn’t Suit Your Needs, Compare It with Bamboo Personal Loan

If the Cashfloat Bad Credit Personal Loan doesn’t meet your needs, the Bamboo Personal Loan could be a strong alternative. It offers loans from £2,000 to £15,000, with repayment terms of 12 to 60 months, making it a more flexible option for those who need a larger sum and a longer repayment period.

	Cashfloat Bad Credit Personal Loan	Bamboo Personal Loan
Credit Score	All	Fair
Representative APR	Representative example: borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £224.60, last monthly repayment of £112.20. Total repayment £1,179.05. Representative APR 611.74%	Representative example: Borrow £4,500.00 over 3 years at a rate of 49.7% p.a. (fixed). Representative APR 49.7% and total payable £7,891.56 in monthly repayments of £219.21
Loan Amount	£300 to £1,500	£2,000 to £15,000
Terms	3 months to 9 months	1 year to 5 years

Bamboo also considers applicants with less-than-perfect credit and offers a fully online application with quick decisions. If you’re looking for a loan with clear repayment terms and no hidden fees, check out the full review to see if Bamboo Personal Loan is right for you!