305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)
Cashity is NOT a lender – we are a licensed broker working with the most popular direct lenders in the market to find you the most suitable short-term loan plan. Our FREE quoting service compares more than 40 lenders quickly and finds you a lender with the lowest rate that they are willing to lend to you today.
Rates from 45.3% APR to 1575% APR – we provide a no obligation quote, your APR will be based on your personal circumstances
Welcome To Cashity
Welcome to Cashity the one stop shop for all your loan needs we specialise in providing a fast and hassle free finance applications. Put that spending power back in your wallet with Cashity’s 90-second application process.
We have a Variety of Loan Options
Click around and find out what suits you best. You may find that there is a loan here that suits your circumstances perfectly. If not then why not get in touch with our amazing team, they can find a plan to fit any situation.
We Will Guide You Every Step of the Way
We will find the best plan to suit your individual needs no matter what amount you’re looking for or for how long.
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We have a dedicated team on hand every day to make sure that you get the service that you deserve.
Competitive Examples from Rival Companies
Click ‘Show More’ for a representative example of their rates.
Loan amount £400 for 30 days. Total amount repayable £459.36. Interest 180.5% p.a. (variable). Representative 728.9% APR
What You Need To Know About Money Loans
Here we will discuss all you need to know about money loans so that you can make the right financial choice for you and your circumstances.
Money Loans Direct Lender
A loan is described as a lump sum of borrowed money which is expected to be settled at once or over a period of time. It comes with an interest which is the amount charged for using the product or service. The exact amount of the loan and interest rate you can gain depends on your income, credit history, debt, and other factors. There are different types of loans to choose from and knowing how each work will help you determine whether the loan is best for you or not.
But before finding out the right loan for your needs, you have to know where you’re going to get it. There are two sources of credit – the direct lender and the loan broker.
The loan broker is a licensed professional who is working with various direct lenders to earn fee (either from the lender or the borrower or both). They do not provide the actual money but they help arrange the financing. A direct lender, on the other hand, provides the actual loan without the help of anyone. They use their own facility to fund it while offering cheaper rates. Since there’s no commission fee involved, the borrower can save more from this option.
Long ago, only direct lenders have the access to better, cheaper rates since they don’t have any middleman involved. However, things have changed; loan brokers have the access to the same rates that loan providers are offering. So what does this imply? It simply means that you can get a good deal from both sources – the direct lender and the loan broker. The significant differences they now have are the products and services they offer, the length of an application process, and flexibility.
When it comes to the products they offer, direct lenders have limited options. They are offering the same products which may not be favourable to all borrowers. Meanwhile, loan brokers have a wide access to different products and services so even with a bad credit, you’re guaranteed to find a lender who will cater to your needs.
However, when it comes to the length of the entire application process, direct lenders have a promising speed. Since they have eliminated any middle people and they are in full control of the operation, the decision is released in a rapid manner. Once approved, the borrower can have the money transferred to his bank account in no time. Meanwhile, a loan broker still needs to wait for the lender’s decision before communicating with the borrower. Although he offers convenience and assistance to the borrower, he has no control over the loan.
That being said, only the direct lender has the means to become flexible with the loan. He has the right to waive fees, extend repayment terms, or modify some conditions in some cases. A loan broker, on the other hand, can simply help the borrower find another lender should the first lender failed to meet the loan seekers preferences.
Guarantor Needed Money Loans
A guarantor loan is a kind of loan that demands another person to become eligible. This is ideal for borrowers who are suffering from a bad credit, no credit history, or has failed to meet the lender’s criteria. The other person will vouch on his behalf, verify his identification, and guarantee the loan. This means that he will be responsible for repaying the principal amount, interest rate, and other charges incurred. Otherwise, he may lose any pledged property and acquire a lower credit.
It’s like offering collateral in return but instead of giving a house, car, or jewellery, you are using another person to secure the loans. The guarantor can be any person who is not financially related to you; it can be your parent, sibling, friend, colleague or employer. As long as he trusts and knows you, you can ask him to fulfil that role.
Money Loans With No Guarantor
If having a guarantor doesn’t sound like a good idea, you may turn to money loans no guarantor. Here are the options that you can consider:
Also known as cash advance, the loan is acquired by providing the lender with a post-dated check. It offers a small amount that is payable on your next payday. The loan cannot be used to relieve long-term financial goals but it is enough to tide you over the next month or address urgent financial concerns.
The loan is ideal for borrowers who own a car that is less than eight years old. Rather than giving the car itself, you are required to provide the car’s documents a.k.a. logbook. You can still use the car even after the loan is approved as long as you can commit to the lender’s terms and conditions. Failure to repay the debt on time would only mean additional charges and default on the loan means losing your car.
Money Loans UK Instantly
Nowadays, it’s not impossible to get a loan in an instant. With just a few clicks, you can guarantee yourself the money you need in as fast as one hour. However, you need to provide the necessary documents and follow certain procedures.
If you need money now, you can start by finding an online lender, filling out their application form and submitting their requirements. Once approved, the money will be transferred to your bank account electronically.
Money Loans For Bad Credit
Even with a bad credit, you still have the chance to get the loan. Many lenders are offering financing options that can help satisfy your financial crisis. Bad credit loans are offered to assist anyone who has committed CCJs, bankruptcy, arrears, defaults, late payments, and the like. However, borrowers should beware of the interest rates charged. Because of the bad credit, you are considered as a high risk to their business and to reduce the risk, they apply expensive charges. A bad credit also means receiving a lower loan amount; so if you need bigger cash, you may either improve your credit rating, provide a guarantor, or pledge collateral.
3 most recent personal loan reviews
Excellent, paid on time, offered a top up a year later- done within less than 30 minutes - paid out within two hours can't fault this company had two loans with them prior to this one.
Review posted by Andrea Attwood, Harrogate
Ease Of Use
Value For Money
Company makes sure that guarantor and applicant understand their contractual obligations. Faster payment is used so participating banks transfer the money in less than 2 hours, mine for Tesco-Guarantor-Applicant was less than 2 hours for the total process. Avoid an Easter weekend, takes longer to process applications. Also, look at other lenders, some ask over 1000% interest, Tesco, 49%, early repayment allowed, interest charged on a daily basis to repayment date.
Review posted by Micheal Peters, Southwold
Ease Of Use
Value For Money
When I made my application I thought it was merely a scam. It was too good to be true considering my credit rating. I couldn't believe my eyes when I checķed my account a few hours later and saw the huge amount sitting there. I don't hesitate to give Ferratum the highest ranking on the land for believing in me and made my dreams possible by making the funds available to me in a short space of time hussle free. No paper work, no stress.
Review posted by Lorraine Smith, Ironbridge
Ease Of Use
Value For Money
All Reviews have been acquired from https://uk.trustpilot.com/ to guarantee authenticity.