You can now earn cashback off your short-term loan with CashFloat

If you are looking for a loan, then Cashfloat.co.uk’s new program that gives you a chance to earn money back will be of interest.  

Lenders who qualify are able to claim cashback on five percent of their loan’s interest.

To qualify, you can’t miss any repayments during the lifetime of the loan, you need to accumulate over £50 in interest and complete a short survey at the end of the loan. Of course, you also need to opt-in when you are making the initial application.

Qualifying customers will see the funds sent to their bank account automatically, providing they complete the survey within the required timeframe.

A spokesperson for Cashfloat discussed their thinking when implementing this new strategy.

They said: “Our primary objective is to make our loans safer for borrowers. This new program aims to motivate borrowers to repay their debts on time so they don’t owe high interest rates, especially during an economic downturn.”

Cashfloat.co.uk is known for its payday loans, small business loans and car finance loan options. First established in 2014, it has gone on to become one of the leading organisations in this sector.