£700 Loan - Borrow 700 Pounds Today

If you need to borrow £700, Cashflex could help you search for a suitable loan.
Cashflex is a credit broker, and we work with a panel of over 30 trusted and responsible UK lenders. Cashflex, and all the lenders on our panel, are authorised and regulated by the Financial Conduct Authority (FCA).

Can I apply for a £700 loan?

Before you apply for a £700 loan, you’ll need to make sure that you meet the lender’s eligibility criteria. While this will differ between lenders, you’ll usually need to:

• Be over the age of 18;
• Be a UK resident;
• Have a UK bank account and valid debit card; and
• Have a regular source of income paid directly into your bank account.

You can search for a £700 loan with Cashflex if you meet the above criteria.

Does it cost money to use a credit broker?

Cashflex does not charge any fees; our service is completely free to use.
You can search for a £700 loan at a time and place that suits you, 24 hours a day, 7 days a week. Our online form should take no longer than five minutes to complete, and all quotes are no-obligation.

When you apply for a loan directly with a lender, they are able to check your eligibility for their product(s) only. A credit broker, like Cashflex, is able to scan a large panel of lenders for a loan that could be suitable for you.

How long do I have to pay back a £700 loan?

You’ll be required to repay your loan in monthly instalments, which will include interest.
With Cashflex, you can search for a £700 loan with the following repayment terms:

• 3 months;
• 6 months; and
• 12 months.

What’s the best repayment term for a £700 loan?

The best repayment term for a £700 loan will depend on your financial situation.
Before choosing a term, you should take a closer look at your current monthly outgoings.
You might find it easier to spread the cost of the loan out across a longer term. While your monthly repayments will be lower, you should bear in mind that you’ll pay more in interest.
A shorter term will allow you to repay your loan quicker, meaning you’ll be charged less interest, although your monthly repayments will be higher.

Can I get a £700 loan with no credit check?

Please be aware that the FCA requires all authorised and regulated lenders in the UK to carry out an affordability check on anyone applying to borrow credit.
While you might feel apprehensive about undergoing an affordability check, especially if you have a history of poor credit, you should remember that these measures are in place to protect you.
The last thing a lender wants is to put somebody in a position whereby they’re struggling to repay the money they’ve borrowed. This could result in fees, charges, financial stress, a spiral of debt, and damage to your credit score.

Hard search vs soft search

A hard search is a way for lenders to gain an in-depth understanding of your financial history and will remain on your credit file for up to 12 months. Multiple hard searches within a short period of time will harm your credit score.

Cashflex uses soft search technology to look into your financial history, without leaving a mark on your credit file. A soft search will not harm your credit score in any way. Using the information gathered from our soft search, Cashflex will scan our panel of lenders for a loan that could be a suitable match.
Please be aware that if you’re matched with a loan and choose to make a full application directly with the lender, a hard search will be carried out by that company.

Loans for bad credit: what are my options?

Many of us may find ourselves in need of a financial help at some point in our lives, whether it’s to cover the cost of an unexpected expense or fund urgent home improvements.

A history of bad credit doesn’t necessarily have to stand in your way when applying to borrow a £700 loan.
Several lenders, including a number of those on the Cashflex panel, specialise in loans for people with poor credit.
It’s crucial to bear in mind that a bad credit loan could come with a higher rate of interest, and it might not be possible to borrow as much money as you need.

What’s a ‘thin’ credit file?

A ‘thin’ credit file is another way to describe having no credit history at all and is common in people who have never borrowed credit or paid bills before.
If you have a thin credit file, you might find that your borrowing options are limited. With no credit history and no indication of how you might manage credit commitments, lenders could view you as a risk.

Some of the lenders on the Cashflex panel could be willing to consider applications from people with no credit history, although you might find that, if approved, you’re offered a higher interest rate.

Before you apply for a £700 loan…

It’s important to stop and think before you apply for any credit product.
Applying for a loan of any amount is not a decision that should be taken lightly.

• Are you aware of your credit score, and how this could impact your borrowing options and the rate of interest that you’re offered?


• You should never borrow more money than you need or can afford to repay.


• Is a loan the most suitable option for you? Could you save up the money instead or ask friends or family to help you out?


• Have you carefully thought about the cost of monthly repayments, which will include interest? Consider how you would continue to make your repayments if your financial situation were to change.


• Be sure to familiarise yourself with any fees and charges associated with the loan so that you’re aware of exactly what you could be charged, and when.


• If you wanted to, would you have the option to repay your loan early, and would you be charged for this?


• Are you familiar with the difference between a credit broker and a lender, and a hard and soft search?

What happens if I can’t repay my loan?

If you’ve taken out a loan that you’re no longer able to afford, you should contact your lender. There might be things they can suggest to help you through this difficult time. Every lender is different, but they might be able to offer you a repayment holiday or agree to temporarily reduce your monthly repayments for a set amount of time.

Worried about money? Help is available

If you’re concerned about your finances, you can find free, confidential money and debt management advice on sites such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.