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

How does the CashLady application process work?

Applying for a loan can be a minefield.

We want to assure you that there’s no jumping through hoops here. Our online application is quick and simple. The aim of our soft search eligibility check is to determine how likely you are to be approved for a loan – we'll come back to you with an answer in around 60 seconds. We do the work, so you don’t have to.

We’ve broken the CashLady journey down so you know exactly what to expect.

Choose your loan amount & term.

CashLady offers short-term loans from £100 to £10,000, which can be paid off between 3 and 60 months.

Representative 79.9% APR

Complete our online application >>

This should take no longer than 5 minutes. We will ask you to provide some basic information, including your employment status, income and what you intend to use the loan for. 

We will carry out our soft search eligibility checks, based on the information provided

Our checks will determine how likely you are to be approved for a loan. We work with a great panel of trusted lenders, some of whom specialise in loans for those with less-than-perfect credit ratings.

Our ‘soft search’ eligibility checks will NOT affect your credit rating

Receive your results

It should take no more than 60 seconds for us to present your application to our panel of lenders. While we get down to business behind the scenes, why not use your spare 60 seconds to make a tasty bagel, hug your dog, or have a mad dance around the kitchen?

You’ve been pre-approved for a loan!

Pre-approval does not guarantee acceptance and is still subject to further lender checks

We’re sorry, we weren’t able to find you a loan this time.

One of our lenders has accepted your application, and you have been pre-approved for a loan!

This may include financial services from our partner companies, or tips on how to improve your credit rating.

We may recommend alternate products we feel are more suitable.

This may include financial services from our partner companies, or tips on how to improve your credit rating.

Complete further checks with lender

The lender will require some additional information. They may ask you to provide proof of identity, proof of income, and recent payslips, so it’s good to have these ready. The lender will then carry out a ‘hard search’.

What is a hard search?

You’re welcome to reapply.

We’re constantly striving to expand on our services and offer our customers a wide range of products to suit their individual needs. We make changes to our panel of lenders from time to time, so it’s worth checking back at a later date to see if anything has changed. 

If the lender is happy with the results of their checks, they will make an offer.

Review the offer, check the loan amount, term and APR, and ensure that you are able to afford the monthly repayments, plus interest fees. If you are happy, you can accept the offer. Generally speaking, it can take a few working days for the money to appear in your account. This depends on the lender and the terms and conditions of your bank. Some lenders may send the money the same day

Pay your loan and interest fees off via pre-agreed instalments every month until you have cleared the balance. It’s really important that repayments are made on time each month. Failing to make or falling behind on your monthly repayments could lead to additional charges and a decline in your credit score.

For awesome money saving tips and inspiration, why not check our blog and resource centre in the meantime?

Why was my loan application turned down?

We’re really sorry that we weren’t able to help you find a loan on this occasion. As CashLady is a credit broker, not a lender, we are not involved in the final decision, so we won’t be able to tell you why we couldn’t match you with a lender.

However, in general, there may any number of reasons, such as a historic missed payment or a low credit rating.

Is there anything I can do to increase my chances of being approved for a loan in the future?

The great news is that there absolutely is!

We’re committed to helping our customers achieve financial confidence.

Improving your credit rating may present more opportunities should you apply for financial services again in the future and there are several ways you can boost your score:

  • Register to vote. Signing up to the electoral roll gives lenders a quick way to identify you and confirm your details.
  • Log onto TransUnion, Experian or Equifax to check your credit rating. Carefully check through your report and ensure that all of your details are correct and up to date. Even a misspelled address could have a negative impact on your credit rating. Just so you’re aware - Equifax and TransUnion both charge fees after an initial 30-day free trial (£10.95 for Equifax, and £14.99 for TransUnion, as of August 2023).
  • Be wary of joint bank accounts. Somebody else’s poor credit rating may bring down your own.
  • Pay your bills on time.

Avoid making too many applications for loans or credit cards, especially over a short space of time. Lenders use a hard credit search which leaves a mark on your credit file; too many searches on your record could lower your rating.

How does CashLady make money?

CashLady is a credit broker, not a lender.

We work with a panel of lenders, all of whom are regulated and approved by the Financial Conduct Authority (FCA).

As a credit broker, we do not take any money from you, and we will never ask you to send us any payments. We earn a commission by introducing customers to our lenders.

Why use a credit broker?

Using a soft search, we are able to present your application to our panel of lenders, without leaving a mark on your credit history.

Our eligibility checks are designed to give us – and you – an idea of how likely you are to be approved for a loan. This saves you having to scour different companies to find the right product.

Some of our lenders specialise in loans for those who may have poor credit history.

If you were to directly approach a lender, they would run a hard search on your credit profile, with no guarantee of approval. Multiple hard searches over a short space of time may negatively impact your credit rating