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


Get Up to £5,000!*

Select an Amount:

Representative Example:
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)

Please note:
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.

Instalment Loans
Fast Loans
Loan Locations

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
Loan term
3 months
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Loan amount
100 - 2,500
Loan term
6 - 14 Months
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Payday Loan Calculator: Understanding the Costs

You are considering taking out a payday loan but you are not sure whether or not you can afford it. You also don’t know the different fees and charges when availing for this type of credit and you want to make sure that you can make the proper payments at the exact agreed time. Indeed, the cost is an important factor that anyone should look at when applying for a payday loan. If you want to know how much you are going to pay for a certain amount of credit, using a payday calculator would do wonders.

The Loan Calculator

Nominal Interest Rates and Annual Percentage Rates (APR) are some of the terms that you might encounter when taking out a payday loan and for an ordinary person, the true meaning of these words can be downright confusing. Many online lenders, however, provide customers with a helpful interest rate and APR calculator that will help provide clarity on the matter. All you need to do is to enter the amount of loan that you wish to take out, the amount you will pay each month, and the number of months in which the loan will be due and you will get an accurate number of a number of costs you will have to bear. In general, the calculator will help you work out:

The total amount of cost you will incur in taking out the loan
The total amount of repayments you will make

You might ask what kind of formula a calculator for payday loans use and the answer would be varied depending on the lender and the type of calculator they provide to their customers. There are calculators that utilise the Newton-Raphson (Hyperlink “mathworld.wolfram.com/NewtonsMethod“) method and the like to calculate the interest rates. However, whatever method it may follow, calculators are typically easy and straight-forward to use and you would get an accurate figure of the actual cost without much help.

The Reason Behind Payday Loan Rates

Normally, people would be hesitant to take out payday loans primarily because of the cost of the fees. Taking out a £2,000 payday loan would typically charge you £700 or a 35% in interest rate – something that you just won’t see in other forms of credit. However, payday loans are short-term loans which mean you will just have to pay the interest rates once, usually in your next payday, and after that, you are relieved of any form of payment. Instalment loans, on the other hand, offer much smaller but recurring interest rates that you will have to pay every month for a year or so.

Also, if you consider the fact that payday loans are unsecured (they don’t require any form of collateral) without credit checks, all the risk rests in the lender. Thus, on the part of the lender, putting a hefty interest rate in their services would justify the huge risk that they are taking. Lastly, taking out a payday loan is so quick and easy – requirements are minimal and payouts can take less than 24 hours to accomplish, that many people are just willing to take it despite the costs.

Why Payday Loans Use Annual Rates

You might ask why the cost of payday loans are measured annually through the APR when it would only require you a month or two to pay back the interest rate? This is because payday loan lenders are legally obliged to show the APR when they advertise their loans. This simply means that the APR is not an accurate measurement in displaying the actual cost of taking out payday loans. An APR of 400%, for example, is simply misleading because there is no such thing as a payday loan that takes a year to payout. Nevertheless, the APR is only used as a standard for comparing different credit offers but not the actual figure of costs that you will bear once you take out a payday loan.

Comparing the Costs

The payday loan calculator will also allow you to compare different costs from different payday loan offers. Here are some of the things that you might want to consider when choosing a product from a payday loan lender.

Annual rates are huge but the actual cost in taking out the loan is low.

Customer service must be as quick as the application process itself.

There are no hidden fees and charges.

So before you take out a payday loan, keep in mind that you can use a calculator to measure the exact costs that you will have to bear. This way, you will know whether or not the loan is ideal for your financial situation. Affordability is an important factor that you must always consider when availing for a payday loan especially if you want to avoid suffering the possible costs of missed payments.

3 most recent personal loan reviews

Review of Drafty

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

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Tesco Bank

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

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Ferratum

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

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All Reviews have been acquired from https://uk.trustpilot.com/ to guarantee authenticity.