Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
Cashflex could help you search for an instalment loan with a repayment term from 3 to 60 months, depending on the amount of money that you apply to borrow.
If approved, your money could be sent today.*
*Each lender will have their own payout timeframe. The time it takes for the money to become available in your account will depend on your bank’s policies and procedures.
An instalment loan allows you to repay the money you’ve borrowed across a certain number of months or years, rather than paying back the full amount in one go.
The length of time that you borrow money for is called the ‘term’ or ‘duration’ of the loan.
If you’re thinking about searching for an instalment loan, you might have wondered which repayment term is most suitable for you.
The best repayment term for your instalment loan will depend on your own financial situation.
A longer term might appeal to you if you’re looking to spread the cost of your loan, although you should bear in mind that you’ll end up paying more in interest.
A shorter term will give you less time to repay the money you’ve borrowed, and your monthly repayments will be higher, but you’ll save on interest.
You should carefully explore any repayment options available to you and weigh up each one before you make a decision.
Cashflex is a credit broker, working with a panel of over 30 trusted lenders, all of whom are authorised and regulated by the Financial Conduct Authority (FCA).
The lenders on our panel offer personal loans between £100 and £10,000 which can be repaid in instalments.
If you’re approved for a loan with one of our providers, you’ll need to repay the money you’ve borrowed in monthly instalments across the duration of your chosen term.
You can use Cashflex to search for an instalment loan if you:
If you have poor credit history, you might worry that you’ll struggle to find a lender willing to consider your application for a loan.
Cashflex works with several lenders who specialise in loans for people with poor credit.
A bad credit loan could come with a higher interest rate. Before you apply for a bad credit instalment loan, you should think very carefully about the cost of your monthly repayments, which will include interest.
You should always make sure that you’re able to afford your repayments and should consider how you’d manage these if your financial situation were to change.
No type of loan can be considered ‘easy to get.’
All responsible lenders in the UK are required to carry out an affordability check on anyone who applies for credit. An affordability check will include either a hard search or Open Banking.
The result of the affordability check will aid the lender’s decision.
Having a good credit score could mean that you have access to a wider range of borrowing options; however, this doesn’t necessarily mean that your application will be accepted.
Open Banking is a procedure used by some lenders, including a number of those on the Cashflex panel. It involves an authorised third party, such as a lender, accessing your online banking account with a read-only view, to gain an insight into your recent financial transactions and habits. Only you can choose who views your account, and third parties cannot make any changes or take any money.
All financial products will affect your credit score.
Whether your credit score is impacted positively or negatively will depend on how you manage your loan.
For example, if you make your repayments on time each month and clear the balance of your loan before the term comes to an end, you could see an improvement in your credit score. Of course, this will also depend on how you’ve managed any other existing credit commitments.
Making a late repayment, or missing one altogether, could have a negative impact on your credit score. You could also be charged a late fee.
If you’re struggling to make the repayments on your instalment loan, you should contact your lender.
They will appreciate the fact that you have reached out and been honest about your situation and will be keen to work with you to come up with a suitable solution.
Yes, you can. You can access free, confidential money and debt management advice through charities and organisations such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.
Try our FastCheck tool with no impact to your credit score
Our tool allows you to calculate your chance of being accepted for a loan.
You are age 18 and a UK resident
You have a regular income from employment
You have a valid UK bank account with an active debt card
Why choose us
Sometimes, the unexpected happens that means you need money fast. Here at Cashflex we offer a user friendly process to help you find same day loans in a responsible and affordable way.
The exact amount you can borrow depends on your personal circumstances and can differ by lender. You can apply for a loan between £100 and £10,000
This is dependent on the amount that you wish to borrow. The repayment terms can be: 3 months, 6 months and 12 months to name a few, ranging right up to 36 months.
Yes. If you are unsure you can use our FastCheck tool to find out your loan eligibility.
Yes.
Over 18
You'll need proof that you are over 18.
Bank Account
Hold a valid UK bank account.
Income
Have evidence of a regular income and UK residency.
Check out what our trusted customers had to say.
Representative example: Amount of credit: £1000 for 12 months at £134.94 per month. Total amount repayable of £1,619.26 Interest: £619.26. Interest rate: 99.9% p.a. (fixed). Representative 99.9% APR.
We’re a fully regulated and authorised credit broker and not a lender.