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

Rates from 12.9% APR to 1721% APR. The minimum Loan Term is 3 months. The maximum Loan Term is 36 months. 

Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97% Representative APR: 79.5% (variable)

Please note: We are a broker, not a lender, and do not make credit decisions.

Subject to application being approved by the lender. Not all lenders are able to provide up to £5000

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Who is Cashfloat, the payday loan lender?

Cashfloat is a trading name of Western Circle Limited. The company is based in London and is one of the payday loans leading lenders at the current time (October 2020)

Western Circle Limited, who’s companies house number is 07581337 have been active since 28th March 2011, making them now one of the longest-serving payday loan direct lender.

Like all payday loan lenders, Cashfloat is FCA approved and their FCA number is 714470.

What Loans do CashFloat offer?

Here are the 3 loan products that Cashfloat currently offer:

Payday Loans 2.0 (Short term loans)

Payday loans, also known as short term loans or instant cash loans have become more and more popular over the last 10 years. Although a few of the largest payday loan companies have gone into the administration of late. There are still a lot of lenders out there who can help you out when you are in the need for quick cash.

Here are some of the details about Cashflaots Payday loans UK.

Duration of these quick loans are 3 to 6 months

RAPR is 529.09%

Amount £500 to £1,000

Personal Loans

Personal Loans are usually loans larger than short term loans and offer a lower APR. They are usually loans that are taken over a 12 month to 10 year period depending on the loan size.

Here are Cashfloats personal loan details:

Duration of their personal loans are 6 or 9 months

RAPR is 295.58%

Amount £1,000 to £2,500

Business Loans

Business loans are loans that have been taken out to help set up your business. These loans are usually a lot larger than Personal Loans and have a lower APR. This is down to the lender or bank needs to see a business plan before you get accepted for your business loan.

Below is Cashfloats business loans information:

Duration of these loans are 1 to 12 months

RAPR is 49%

Amount £1,000 to £200,000

Cashfloat reviews

According to their website (October 2020), they have high scores on 4 review platforms:

  1. Reviews.io rates them 4.82 out 5 based on 621 reviews.
  2. Google rates them 4.0 out of 5 based on 33 reviews.
  3. TrustPilot score is 4.0 out 5 based on 82 reviews
  4. Review Centre score is 4.4 out of 5 based on 110 reviews.

As you can see, Cashfloat is one of the leading direct lenders in this industry along with Lending Stream, Cashasap and Loanpig.

I’ve been rejected by Cashfloat, will I get accepted at 1st Class Loans?

If you haven’t been accepted by Cashfloat for a same day loan, then 1st Class Loans might be a good alternative.

We cannot guarantee that anyone will get accepted, however, we are a broker, so we work with a large panel of lenders, not just one. This might increase your chance of getting accepted.


Cashfloat is an extremely trustworthy lender. They are currently ranked number one in Google for ‘payday loans’ in the UK so that makes them one of the biggest lenders in this industry.

We always recommend looking for alternatives to payday loans, however, if you had to pick a direct lender, then we would recommend Cashfloat. Here are some other good lenders:

My Jar

Likely Loans

SafetyNet credit

247MoneyBox (please note: This company has gone into administration)


our blog

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