Sometimes financial emergencies happen and you find yourself strapped for cash. During these times, a payday loan or short term loan may be a way to solve your financial concerns.
While researching lenders, you may have stumbled upon CashFloat. In order to help you with the important process of choosing a lender, we have compiled a quick review of everything that is vital to know about a CashFloat payday loan.
This article will cover the features of the loan, its fees and charges, and how you can apply to get cash quick. Read on to learn more.
What Is a Payday Loan?
Sometimes emergencies crop up, and it seems like payday is pretty far away. That doesn’t mean you have to struggle until then. You can reach out to the lender and look to apply for a payday loan. These are short term loans that are designed for just this situation.
So whether it be unexpected medical expenses or something breaks at home and needs to be repaired, you may be able to find the money you need.
The payday loan from CashFloat is one option that you may want to consider. They offer relatively low-interest rates in comparison to other lenders.
It is a quick and easy application process, and there are relatively very few fees and rates. So if something comes up, this may be a good fit for you and your financial needs.
Features and Benefits of a CashFloat Loan
The biggest feature of a CashFloat Payday Loan is the flexible repayment plan and the fact that you do not need a guarantor for approval. If you pay the loan off early, you can save on interest as the lenders charge a max of 0.798% interest per day.
CashFloat also offers a loan calculator that will allow you to compare the rates and fees against other lenders. If you are denied a CashFloat loan, CashFloat will help connect you to other lenders that might be able to help you out.
The lender also offers a mobile app that will enable you to apply on the go.
Fees and Interest
The lender has many different types of loans. The payday loan from CashFloat allows you to get funds quickly and pay back the money whenever you want. Here is a look at the fees and rates associated with a payday loan from CashFloat.
- Representative APR – 611.74%
- Fixed interest rate – 185.39%
- Default fee – £15
- Application fee – None
- Card authorization fee – None
How to Apply
Check Your Eligibility
Before you start the application process, ensure that you meet all of the eligibility requirements that CashFloat has put in place for its products.
- 18 years of age or older
- Resident of the UK
- Have an active UK bank account
- Proof of employment
- Proof of income
Gather Key Documents
The next step is to ensure you have all the proper documentation ready that you will need to fill out the application form.
These documents include personal contact information, residential information, proof of marital status, employment records, financial documents, and bank account information.
Fill Out the Application Form
Once you have ensured you meet all the criteria, have the correct documentation, and understand the fees, you can start the application process.
The process only requires a quick three-minute application, and you will receive an instant decision. There is a high approval rate and same day funding is possible.
Bank Contact Info
If you need to contact CashFloat for any reason, you can reach them by telephone at 020 3757 1933 or by email at firstname.lastname@example.org.
The CashFloat head office can be found at Office 8, 2a, Highfield Avenue, London NW11 9ET
The CashFloat payday loan can be the key to helping you out of urgent financial matters. Be sure to thoroughly research if this option is right for you and your needs prior to applying.
For personal funds with lower interest rates, consider applying for a personal loan. If you’re looking for cash to support your business, a payday loan is not appropriate for you. Instead, consider a small business loan.
Note: Consider the risks involved in using credit products before applying by consulting the issuing institution’s terms and conditions.