Cash Choice Reviews, Loan Calculator and Complaints

(23 customer reviews)

Average Customer Rating

Is this you?

Acceptance Criteria

You must have an open bank account with Direct Deposit
You must be currently in permanent and verifiable employment
You must be 18 years of age or older to apply

You must earn at least £900 per month before tax
You must be a resident of the United Kingdom
You must have valid contact information (email address and landline number)

Loan Details

Representative APR

2948.1%

Loan Amount

£200 - £400

Repayment Period

Minimum Term 7 days

New and existing customers up to £400 - 30 days

Repayment Method

Deducted from your debit card

Speed To Payout

Before 3pm - same day

After 3pm - next business day transfer

Weekend requests will be treated as though they are Monday requests, so funds requested on a Saturday will not appear in a bank account until the following Tuesday.

Arrangement Fee

£5.00

Payment Holidays

If you are going to struggle to make the payment, you will need to call them as soon as possible (within 2 working days of the payment date) to discuss your options

Payout Method

Transferred into your bank account

Income Protection Available

No

Average Customer Review

(23 customer reviews)

Loanfinder Ranking

299th for APR of 423 loans in the UK (See Lender League Table By APR)
135th for Customer Satisfaction (See Customer Reviews)

About Cash Choice

Cash Choice offer payday loans between £200 - £400 for a term of 30 days. You can receive your money on the same day if you apply before 3pm between Monday and Friday.

You can apply online or over the phone with Cash Choice. If you apply online, you first need to open an account with them so they can be certain you haven't previously applied for a loan with them. Once you have completed the online application form, they will give you an instant decision. Your application will then be passed on for further review. They will contact you with their final decision. Customers have on occasion been asked to fax extra documentation although this tends to be the exception rather than the rule and will depend on your individual application. Once they have checked all of your details, the money can be transferred into your account.

They charge £25 per £100 you borrow a month, making Cash Choice one of the cheaper options on the payday market. There are administration fees to pay - £1 per loan and £5 if you are a new customer. Their speed to payout seems to be fairly good with funds being made available to you on the same day. However, there have been reports that customer service is poor with a few applications actually going missing or some applicants not receiving a response for up to a week after making the initial application. Problems have also been reported on how difficult the website is to use. We would only recommend this as a last resort as there are cheaper and better known lenders out there. Only apply for a payday loan if you are certain you can pay it back on your next payday because you could end up owing a lot more than you should.