Is Cash4UNow Loan Legit or Scam? Reviews, Interest Rate, Repayments, Eligibility

Do you need a bit more time to repay the funds you borrowed from the finest payday loans provider? If so, it may be prudent to consider CASH4UNOW’s advantages. The online lender offers loans ranging from £150 to £1,000 with terms beginning at 4 months.

CASH4UNOW offers payday loans of between £100 and £1,000. With loan terms of 4 or 6 months, this gives you more time to repay the funds back.

You will have up to 6 months to repay the money, and equal payments will be deducted from your debit card when you receive your monthly salary.

Furthermore, CASH4UNOW is frequently able to execute a same-day loan transfer, which is perfect for those who require emergency funding. However, the lender is notorious for charging exorbitant interest rates, with an advertised representative rate of 1,314% APR.

Therefore, we recommend perusing our comprehensive CASH4UNOW Review prior to submitting an application. We will cover all pertinent information, including eligibility, interest rates, repayments, and customer service.

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What exactly is CASH4UNOW?

The online lender CASH4UNOW specialises in payday loans. CASH4UNOW, however, allows you to repay the funds over an extended period of time than other payday loan companies, such as Draughty Loans and LoanPig. This has a minimum term of four months and a maximum term of six months. On the one hand, this can be advantageous if you do not have sufficient funds to repay the loan in full when you are next paid.

Due to the lender’s reputation for charging high interest rates, you may end up paying almost double the amount you borrowed. In fact, CASH4UNOW’s website advertises a representative interest rate of 1,314%, which is sky-high. As is the case with the majority of representative rates, this is the amount that the lender wants to market, so you may end up paying more.

However, the platform permits you to borrow between £100 and £1,000. However, first-time borrowers are limited to £600 in short-term loans. If you obtain a loan from CASH4UNOW and pay it back on time, you will be eligible for a larger loan amount.

The application procedure is completed online or via your mobile device, as the lender has no physical locations. This means that you should receive a loan decision within a few minutes of submitting your application. If you are authorised immediately, you may receive the funds later that day.

What are the benefits and drawbacks of CASH4UNOW?


  • Offers short-term financing ranging from £100 to £1,000.
  • Allows you to repay the funds within four to six months.
  • Approved applicants could potentially obtain the funds later in the day.
  • The comprehensive application can be submitted online.
  • Early repayment permitted without extra charges

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  • Significantly high rate of 1,314%
  • Unable to verify eligibility using a mild credit inquiry

How does CASH4UNOW function?

CASH4UNOW operates similarly to the majority of other online payday loan companies. Without physical locations, all transactions must be completed online. To initiate the process, you will need to visit the CASH4UNOW website and select the quantity you wish to borrow, as well as the number of months over which you wish to repay the loan. Then, you must input the date on which you receive your monthly salary before clicking ‘APPLY NOW’.

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You will then be directed to the primary application page. Again, the process is essentially identical to any other online application for financing in that you will be required to provide personal information. This information includes your first and last name, home address, date of birth, marital status, number of dependents, and contact information.

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How to Apply For Cash4Unow Loan

You will then be required to provide information regarding your employment status, including your job title, your after-tax salary, the length of time you’ve been with your current employer, and the phone number of your line manager. The lender will also require you to list your monthly expenses. This includes your rent or mortgage payments, average utility expenses, and any other outstanding debt obligations. You must then input your UK bank account and debit card information.

CASH4UNOW does not permit you to evaluate your eligibility based on a mild credit inquiry. This means that the application will appear on your credit report regardless of whether or not you are approved.
Note that the debit card must be linked to the checking account you list on the application. After submitting the application, CASH4UNOW will conduct a credit check.

If you are approved immediately, you can glimpse your pre-approval rates. If the offered interest rate is acceptable, peruse and sign the digital loan agreement. If everything goes as planned, you should receive the loan funds later in the day.

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How do I pay back my CASH4UNOW Loan?

Once you execute the digital loan agreement, your repayment terms will be detailed. This will include the monthly payment amount and the repayment period. Each monthly payment will include the applicable rate of interest. Consequently, you will be required to adhere to a continuous payment authority (CPA). This means that you authorise CASH4UNOW to automatically deduct your monthly payments.

Description of how Cash4UNow operates

Similar to a direct debit, this ensures that you never miss a payment, thereby preventing you from falling behind on your loan payments. In contrast to a direct debit, a CPA allows CASH4UNOW to deduct any amount from your card as long as it corresponds to the terms specified in the loan agreement you signed. This could occur if your monthly payment was declined due to insufficient funds, and the lender attempts to accept smaller amounts until the payment is successful.

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How Much Do Loans from CASH4UNOW Cost?

If you have taken out a payday loan in the past, you are aware of how expensive they can be. CASH4UNOW is no different in this regard, so you should be prepared to pay a high interest rate. However, the lender will determine the APR based on a variety of factors, so you will not know the exact rate until you submit an application. As stated previously, the lender does not conduct a gentle credit check, so the process of evaluating your rates will be reported to your credit report.

If you are uncertain about your eligibility with CASH4UNOW, it may be best to use a lender that offers an application with a gentle credit check.
However, we have outlined the primary factors that CASH4UNOW will consider when determining your APR.

  • The quantity that you must borrow
  • How long you will need to borrow money
  • Your present credit rating
  • The historical association between debt
  • When you receive your next paycheck,
  • How much money you earn
  • Whether or not you have CCJs on your credit report’

Although you won’t know your exact rate until you register, CASH4UNOW provides a ballpark estimate of how much you will likely be charged for the loan.

On its website, CASH4UNOW displays a representative rate of 1,314%. This four-figure interest rate will cripple you in the long run, particularly if you borrow more money from the lender. Nevertheless, we can calculate a concise example now that we know the average rate.

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Suppose you borrowed £200 over a four-month period. You would be required to make four equal instalments of £83. This would bring the total amount repaid to £332, resulting in an interest payment of £122. This instance results in an annualised APR of 292%.

When you consider that most high-street institutions offer loans with APRs in the single digits, CASH4UNOW becomes even more expensive. Consequently, if you have less-than-perfect credit, you will likely not qualify for a loan from a traditional bank, and you will be compelled to use a payday loan lender in times of need.

CASH4UNOW does not charge any additional fees for loans; everything is included in the interest rate. Additionally, the lender allows you to repay the loan early at no additional cost, which is something you should strive for. However, a late payment fee will be assessed if you default on the loan.

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Am I Eligible for a Loan from CASH4UNOW?

It should come as no surprise that CASH4UNOW has an extremely low eligibility threshold, as is the case with the majority of payday loan companies. This is true even if your credit profile is impaired, so long as you can demonstrate a source of income.

If you have access to an overdraft facility, it may be preferable to use this instead of obtaining a payday loan. If you are able to redeem the loan quickly, you will save a substantial amount of interest.
However, not everyone will be eligible for financing through CASH4UNOW, so be sure to review the criteria listed below before applying.

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Credit Report

Although CASH4UNOW will conduct a comprehensive credit check, there is no minimum credit score requirement. Instead, the lender is interested in how you have historically dealt with debt.

For instance, if you have numerous prior defaults and CCJs, your application may be denied.

Monthly Minimum Income

CASH4UNOW mandates that all applicants have a minimum monthly income of £600. The lender does not specify whether this must come from employment per se, so it is conceivable that your income can come from government benefits.

However, this indicates that you lack the financial resources to incur additional debt, so proceed with extreme caution.

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UK Resident and Over 18

You must be a resident of the United Kingdom to request for a loan with CASH4UNOW. Additionally, you must be between 18 and 65 years old.

Valid Bank Account and Debit Card in the UK

Along with a debit card, you must have a genuine UK bank or building society account. The debit card must come from the same account from which you receive the loan funds, as the CPA will be linked to this account.

Support for Customers at CASH4UNOW

If you need to contact a member of the CASH4UNOW customer service staff, you can do so at the following locations and numbers:

📱Phone: 0113 887 3434

📧 Email: [email protected]

Via written communication: 7 Limewood Way, Leeds, LS14 1AB

Support is available Monday through Friday at CASH4UNOW. This includes the hours of 8 am to 8 pm Monday through Thursday and 9 am to 5.30 pm on Fridays.

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CASH4UNOW is, essentially, comparable. This indicates that the lender operates similarly to other payday loan companies. You will be able to apply for a loan between £100 and £1000 using your desktop or mobile device. Once the loan is approved, the funds could be deposited into your account on the same business day.

However, CASH4UNOW allows you to borrow funds over an extended period of time, which could make your monthly payments more manageable. However, extending the loan will incur significantly higher interest costs. This is notably true when the published representative rate of 1,314% is considered. In practical terms, this indicates that a £200 loan over four months would result in a total loan amount of £332.

This is an enormous quantity of interest, totaling £122. A payday loan provider like CASH4UNOW should only be utilised as a last resort. If you require access to emergency funding, it is strongly advised that you investigate alternative financing options.

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About Samuel 637 Articles
Samuel is an SEO technician and Content developer with over 5 years of work experience. He is known for his love and passion for helping others achieve their financial goals and dreams. This lead to the birth of Finwealthonline. His love for many has to lead him to help thousands of students seeking financial loan advices, app reviews with the right information. Samuel being the CEO and founder of Finwealthonline will continue his good work on helping people with the right information that will lead to achieving their financial dreams and goals.

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