Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
A small loan could act as a financial plug in the event of an unplanned expense, such as a broken fridge or an unexpected bill.
As the name suggests, a small loan describes a ‘small’ sum of money borrowed from a lender.
Of course, everyone’s finances are completely unique to them and what could be considered a small amount of money to one person might not necessarily be viewed the same way by somebody else.
Typically, a small loan could be considered as any amount under the value of £1,000.
1. If approved, use your small loan to cover the cost of the emergency expense.
2. Repay your loan in monthly instalments across the duration of your chosen term. Your monthly repayments will include interest.
3. Be sure to make your repayments on time each month; a late or missed repayment will harm your credit score. You may also be charged a fee.
Cashflex is a credit broker, working with a panel of over 30 Financial Conduct Authority (FCA) authorised and regulated lenders.
The lenders on our panel offer small, short-term, personal loans starting from £100.
You could borrow up to £10,000, although you should never apply to borrow more money than you need or can afford to repay.
With Cashflex, you can search for a small loan with a repayment term of 3 to 60 months, depending on the amount of money you apply to borrow. We’ve included a table below to show which repayment terms are available for each amount.
| Loan Amount | Repayment Terms Available |
|---|---|
| £100 - £900 | 3, 6, or 12 months |
| £1,000 | 3, 6, 12, 18, 24, or 36 months |
| £1,100 - £2,000 | 6, 12, 18, 24, or 36 months |
| £2,100 - £2,400 | 12, 18, 24, or 36 months |
| £2,500 - £7,500 | 12, 18, 24, 36, 48, or 60 months |
| £7,600 - £10,000 | 18, 24, 36, 48, or 60 months |
You can use Cashflex to help you search for a small loan if you:
Any credit score considered.
You can search for a small loan with Cashflex any time, any place.
1. Tell us how much you’d like to borrow, and for how long, by filling out our online form. This should take around five minutes.
2. In just 60 seconds, we’ll use soft search technology to scan our panel of lenders for a suitable loan, with no impact to your credit score.*
3. If we’re able to match you with a loan, you’ll be redirected to the lender’s website. You can find out more about the loan and choose whether you’d like to make a full application.
4. If you’re happy to go ahead,the lender will carry out an affordability check. This will include either a hard search or Open Banking. Please note that a hard search will remain on your credit file for up to 12 months and multiple hard searches within a short period of time could have a negative impact on your credit score.
5. Once the lender has completed their checks, they will let you know their decision. If you’ve been approved, you’ll be sent a loan agreement. You should set some time aside to read through this carefully.
Payout timeframes will vary between lenders.
Some of the lenders on the Cashflex panel could send your money on the same day as your application is approved, although you should also bear in mind that the time it takes for the money to appear in your account will depend on your bank’s policies and procedures.
If you’ve taken out a loan that you’re struggling to repay, you should contact your lender as soon as you can. We understand that this is a worrying situation, and that reaching out and asking for help can feel really daunting, but please know that there may be things your lender can suggest to help you out while you get back on your feet.
Free, confidential money and debt management advice can be found on sites such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.
* If you are matched with a loan and go on to complete a full application, your lender will conduct either a hard search or Open Banking. A hard search will affect your credit score and will remain on your credit file for up to 12 months.
**Subject to your chosen lender’s individual payout timeframe. The time it takes for the money to become available in your bank account will depend on your bank’s policies and procedures.
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.