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I need to get money now

If the bills are starting to mount up and you need to get money now, there are a few options available to you.

For instance, there are short-term payday loans which will get you the money you need quickly. Alternatively, there are credit cards and overdrafts. If you have already maxed out your credit limit on your cards, or maybe you just don’t want to use them or even don’t have a card you could potentially look to see if you could ask a friend or family member if you could borrow the money for a short time before your next payday.

Overdrafts if they have not been agreed with the bank can end up costing a lot more than you think. It is one of the most expensive ways to get money now when you really need it.

Despite what you may have heard in the media one the easiest options which allows you to get access to money fast and is more affordable than in the past are small loans like payday loans.

With a short-term payday loan, you can get money now without the fear of having to payback the loan multiple times over. The Financial Conduct Authority has put into place rules which dictate that no borrower will pay back more than twice than the principle loan amount.

Not only did the Financial Conduct Authority put in a ceiling on how much a borrower would ever have to repay but they also placed a cap on the daily interest rate which is set to no more than 0.8% per day. This is to prevent borrowers’ debts from spiraling out of control.

Over the past few years the representative interest rates have also come down quite a bit in the face of increasing competition UK direct lenders are trying to attract more customers with better offers.

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Applying is Free and No-Obligation

Aren’t the Interest Rates Extremely High

Short term loans do have higher interest rates than traditional loans. Although this does not mean that they are unaffordable. Borrowing £100 over 30 days you will repay £125.

Payday loans are for those that need to get money now and some people applying for such quick loans may have bad credit ratings which present more of a risk to lenders. This is one reason why the interest rate can appear to be quite high compared to traditional loans like car loan or personal loans which are repaid over the course of many years compared to these small instant loans that are repaid within a month of over the course of a few months.

Annual interest rate of 292% (Fixed)

For example:

£200 borrowed for 35 days

Annual interest rate of 292% (Fixed)

Total amount payable is £256

1212% APR Representative

How much will I have to repay?

The Financial Conduct Authority has put into place rules which place a hard limit on the amount of money you will have to repay. This hard limit means that you as the borrower will never have to repay more than twice the loan amount.

If you borrow £300 over 6 months, then you’ll never have to repay more than £600 over the life of the loan.

When you do take out a loan please make sure that you read the loan terms and conditions. These terms will explain any late payment or missed payment fees. Make sure that you always repay on time to maintain a good credit score.

Will I end up in a spiral of debt?

When you borrow money, it does not matter if it is a payday short-term loan or a mortgage. If you can’t repay the loan you will find yourself with the same problem, with a mortgage you could lose your home if you do not repay it, with a payday loan you will not lose your home over a few hundred pounds but you will be expected to repay the payday loan regardless of how small the loan amount was.

Provided you consider what you can afford to repay at the end of each month, and you keep an eye on your finances then you will avoid your debts from going out of control.

What do I need to apply?

Applying for a loan is straightforward and is all online.

Before you start your application have this ready

Details of your regular monthly income and outgoings

Mobile phone number

Valid email address

Home address for the last three years

Your Bank account

Your Debit card information

Woman Applying for short term loan

Fast, Free & Easy No-Obligation Application Process


Choose Loan Amount & Term

Simply chose how much you wish to borrow and over how many months you wish to repay the loan


Fill in the Application form

Fill in our simple application form which takes only a few minutes and then apply for your loan


Receive Your Cash

We send your application to our panel of lenders, once approved you will receive the funds directly to your bank account

Why choose Cashute

Authorised by the Financial Conduct Authority

Fast Online Application

No Payout Fees

No obligation quote

No paperwork

100% UK Based

Very High Acceptance Rates

No Hidden Costs

Will borrowing money make my life difficult?

There are good debts and then there are bad debts. The good debts are the ones when you borrow money to buy an asset like property or invest in a business, also paying off bills which you have accrued due to owning a property or business with debt can also be considered as part and parcel of maintaining an asset. Basically, an asset is anything which will put money into your pocket.

A bad debit is when you borrow money to spend on liabilities, such as a night out, or a new pair of shoes that you really do not need. Maybe you have decided to upgrade your phone or car simply because it is the new shiny thing that you must have. These are liabilities and a liability can be described as anything that takes money out of your pocket.

If you take out many loans which you use to purchase liabilities which you cannot afford to repay then you will end up making your life difficult. Short term loans are to be used for resolving immediate financial emergencies and are never to be used for long term borrowing.

Car Repair

Unexpected Bills

Broken Boiler



Living Expenses

Home Improvements

Over 50 Lenders

No paperwork

Flexible repayment

Instant decision

No Credit Foot Print

Fast Deposits

What are the benefits of Short-Term Loans?

If you need to get money now, then these short-term loans are one of the best ways to do that. The whole application process is designed to be easy and straight forward to use.

We do not ask you to email any documents or photocopy anything. If you don’t believe us just take a moment and visit the application page. You’ll see that the questions are straight forward.

Once you fill in the application form it will be sent encrypted to a panel of lenders who will then decide which of them is most suitable to grant you the loan you require.

The panel which we present your application to are experienced in handling loan applications from people with good credit as well as handling loan requests for bad credit loans.

Once a lender sends you the loan offer, please make sure to read through all the terms and conditions, understand the fees and interest rates that you will pay if you are late in repaying the loan or miss a repayment.

If you do accept the loan the lender could have the money in your account within the hour maybe quicker. The speed which the money is paid into your bank account is dependent on your banks deposit policies and times of day.

I have bad credit, can I still apply?

The panel of lenders to which we pass on all applications are experienced in handling applications for bad credit loans and having bad or poor credit should not stop you from applying for a loan today.

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Benefits of short term loans

The biggest benefit is, of course, the ability to respond to an unexpected event with a lump sum of cash. But, compared to other types of credit, there are other benefits to applying for a short-term loan through Cashute:

  • Funds in your account within the hour (hourly payouts between 6am-11pm)
  • Pay back your loan in manageable installments
  • You don’t need a guarantor
  • Borrow from £100 to £5000 (subject to affordability)
  • Short-term loans can help to build up your credit rating

Should I apply for a short term loan?

Depending on your circumstances, you should apply if:

  • Have an unexpected expense needing a lump sum
  • Would like to replace tired or worn out furniture or items at home
  • Need a quick decision at that moment
  • Do not want to take out a payday loan
  • Wish to repay your loan by monthly instalments
  • Like the peace of mind knowing exactly how much you will have to repay each month

How do I apply for the best payday loan?

To apply a loan is simple. Provided you meet the criteria listed below you can start your application process:

  • 18 years old
  • UK resident
  • Hold a UK bank account
  • Employed with a regular salary (so you can repay the money that you borrow).
  • Bank details to hand

Once completed submit the application form by clicking on the “Apply” button and we’ll find the best match for you. The search will not take long and you’ll have a response in minutes.

When you receive the loan proposal can decide if you wish to proceed with the offer. If you do want to proceed with the loan just apply and the funds will be deposited into your bank account within hours, always remember that you can apply with no obligation even if you have bad credit as many direct lenders support payday loans bad credit.

I am finding handing my debts difficult, what should I do?

If you find yourself in difficulties and are unable to make your repayments, we strongly advise that you contact your creditor immediately, we also recommend that you speak to the companies listed below.

Warning: Late repayment can cause you serious money problems. For help, go to