Cash ASAP
If you’ve used Little Loans to search for a loan and have been matched with CashASAP, you may wish to find out a little bit more about your lender. We’ve put this guide together to tell you all you need to know.
What is CashASAP?
CashASAP is a direct lender of payday and short-term loans.
Their website states the following:
‘We are dedicated to ensuring that we act responsibly when lending to our customers. We believe in treating our customers fairly and with respect. It is our policy to promote the following good practices throughout our business: transparency, fair practice and fair treatment of customers, and provision of honest and accurate information.’
What types of loan do CashASAP offer?
CashASAP provide two different types of loan: payday, and multi month. Both are available in different amounts, with various repayment terms, which we’ll talk about in more detail below.
How much money can I apply to borrow with CashASAP?
How much money you can apply to borrow will depend on the type of loan you apply for.
| Loan Type | Loan Amount Available |
|---|---|
| CashASAP payday loan | Between £200 and £300 |
| CashASAP multi month loan | Between £200 and £750 |
What are the repayment terms?
CashASAP payday loans must be repaid within 35 days, whereas their multi month option allows borrowers to spread the cost of their loan across terms from 3 to 6 months.
What Representative Annual Percentage Rate (APR) do CashASAP advertise?
The Representative APR for CashASAP loans varies depending on a range of factors, including the type of loan you apply for and the amount of money you borrow.
CashASAP have included the following Representative Example on their website:
£200 loan for 6 months at a fixed interest rate of 290% p.a. Total amount payable is £359.71 in monthly instalments of £74.65, £71.73, £64.05, £58.76, £49.75 and £40.77. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.9% APR.
Is CashASAP regulated?
Yes. CashASAP is a trading name of APFIN Ltd, who are authorised and regulated by the Financial Conduct Authority (FCA). You can find their information on the FCA register here.
What do CashASAP’s customers say about them?
CashASAP are rated excellent on Trustpilot, with over 3,000 reviews.
Who can apply for a loan with CashASAP?
CashASAP state that you can apply for one of their loans if you:
- Are over the age of 18;
- Are a UK resident with a UK bank account and a linked VISA debit card registered to a UK address; and
- Are in full-time or part-time employment.
How can I apply for a loan with CashASAP?
- Check that you meet the above criteria.
- Complete CashASAP’s online application form.
- Your application will be processed. Credit and affordability checks will be carried out – this will include a hard credit search, which will remain on your credit file for up to 12 months.*
- If approved, your money will be sent to your bank account within minutes, including on weekends and Bank Holidays.
*Undergoing too many hard searches within a short period of time could have a negative effect on your credit score.
What happens if my application is declined?
If your loan application has been turned down, you can contact CashASAP via their automated messaging service and ask them to manually review your application.
Will CashASAP allow me to take out more than one loan at the same time?
No, this is not something CashASAP offer. Borrowers are also unable to top-up an existing CashASAP loan.
What happens if I miss a repayment?
CashASAP may charge a £10 late fee on the first calendar day after your proposed repayment date.
Falling behind on or failing to make your repayments can lead to serious money worries, as well as a decline to your credit score.
If you’ve taken out a loan that you’re struggling to repay, you should contact your lender as soon as possible. While this can feel daunting, please remember that it’s the first step towards taking back control and feeling confident about your money again.
CashASAP state the following on their website: ‘As a responsible lender, we want to help you repay your cashasap.co.uk loan in a way that you can afford and we understand that not everything always goes according to plan [… ] We may be able to move your scheduled repayment date or to freeze your balance depending on your specific circumstances and the extent to which you need to amend the repayment schedule of your loan. The sooner you contact us the more options we will be able to consider for your account and the lower the total cost of repaying your loan is likely to be.’
Additionally, you can access free, confidential advice on sites such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.
Will I be given a customer account?
Yes, customers will be required to create an online account via the CashASAP website. You can find the log in page here.
I used Little Loans to search for a loan and was matched with CashASAP. Who should I contact if I have a question?
Little Loans is a credit broker, not a lender. If you have any questions relating to the eligibility check or initial search that you carried out on our site, you’re welcome to contact us.
Any queries regarding your onward application journey should be directed to the lender.
How can I contact CashASAP?
There are a number of ways to get in touch with CashASAP.
You can either fill out the contact form on their website, email info@cashasap.co.uk, or write to them at: APFIN Ltd, 3rd Floor, 12, Gough Square, London, EC4A 3DW.
Alternatively, you can call 0800 488 0905 from Monday to Friday, between the hours of 9am and 5pm.
Where can I learn more about CashASAP?
You can find further information, including a comprehensive FAQ guide and blog, on CashASAP’s website.
Straight forward
“Easy pleasant service, quick decision and easy account management.”
Laurissa Marsden
Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender