Cashera is a UK-based direct lender focusing on short-term, high-cost consumer credit available exclusively online. Established in 2019, it offers small unsecured loans to UK residents under FCA regulation for high-cost short-term credit. Its services are suited to borrowers needing quick, small sums, typically as emergency or last-resort funding. To understand how such products fit within broader personal finance solutions, see our unsecured business loans overview and short-term business loans explanations.
Key Features of Cashera
Cashera operates a fully digital platform designed for rapid loan processing and management. Borrowers can manage their loans conveniently online with transparent cost tools and responsible lending in place.
- 100% online application in minutes, linked to online application forms.
- Soft credit search tool ensures no impact on credit scores during eligibility checks.
- Same-day funds sent via Faster Payments, supporting same day funding expectations.
- Loan calculator transparency helping borrowers calculate total costs, related to our loan calculator tools.
- FCA-authorised lender adhering to responsible lending standards, reflecting best practice in alternative finance loans.
Eligibility for Cashera Loans
Applicants must be UK residents aged 18 or over with a regular income and meet strict affordability checks. Those with recent County Court Judgments or bankruptcies are not eligible. A UK bank account is mandatory for payment receipt.
You may qualify if you meet the income criteria, have a verified UK bank account, and provide valid ID. More on eligibility criteria and their implications can be reviewed in our guide on credit score and loan eligibility requirements.
Loan Options Available with Cashera
Cashera provides three main loan types aimed at short-term consumer needs, each with specific loan amounts, terms, and cost levels.
- Short-Term Payday Loan: £100 – £1,000 over 3 to 6 months, with a representative APR of 1255%. See unsecured loans overview for context on high-cost loans.
- Instalment Loan: £200 – £2,000 repayable over 3 to 12 months, fixed rates from 79% to 292% APR (representative 278%). Related information available on term loans.
- Same-Day Emergency Loan: £100 – £500 for 1 to 3 months, highest costs capped under FCA rules at 1294% APR. These support urgent cash needs with fast turnaround.
How to Apply for Cashera Loans
Applications are completed online, designed for speed and minimal paperwork. Decisions typically take less than 30 minutes, with funds sent shortly after approval. Required documents include bank details and proof of income.
- Submit your application through Cashera's online portal linked to our loan application process guidance.
- Provide bank account and identification details, consistent with standards seen in application service provider processes.
- Undergo instant soft credit and affordability checks.
- Sign loan agreement electronically and receive funds via Faster Payments.
Funding Agent's View on Cashera
Cashera offers a digital convenience for short-term, small-amount emergency loans regulated by the FCA. The product is suitable for experienced borrowers aware of high costs and short repayment cycles. For broader financial planning, explore tools such as the loan calculator and resources on representative APR to understand cost implications. Check eligibility and compare with alternatives on credit scoring considerations. Cashera’s offerings should be used cautiously and primarily for last-resort, urgent borrowing needs.
