• Do you work (employed or self-employed)?
  • Are you a UK resident?
  • Do you have a UK bank account?
  • Are you 18 years old or above?
  • Do you have more a mobile telephone?
  • Do you have an e-mail address?

Am I Eligible For a Loan?

Did you answer YES to the above questions?

We obviously cannot guarantee you a loan - no loan website can do that without assessing your details and checking many factors first. However, if you have been able to answer yes to the above questions then we do have lenders that will consider your application.

We cannot help you if you do not have some form of employed, or self employed income, it doesn't have to be full time work - part time is fine - but you do need to be working in some form or another. This work must not be cash in hand either.

You will need to have a working mobile telephone and a valid working e-mail address. The reason for this is that some lenders will need to text you a verification code to confirm your identity and others will e-mail you confirmation of your loan offer than you will need to confirm you have received.

What can I do if I answered NO to one of the above questions?

If you cannot answer yes to all of the above questions you possibly need to consider other ways to obtain the loan or consider whether you really need the loan at all. 

What other options are there?

There are other options but the first thing you SHOULD NOT do is start exploring the possibity of borrowing from any illegal, unlicenced, loan sharks. This can be extremely tempting but it should not be considered as they are not regulated by any governing bodies and can cause much stress and worry in the future.

At Cash Lion we are specialists in short term, payday loans, loans that are designed to be paid back on your next pay day. It may be worth considering other unsecured loans if you feel a payday loan is not suitable for you.

Another alternative is to look at Credit Unions. These offer an alternative option to online loans and most areas of the UK will have one within a few miles of where you live. A simple search on an internet search engine should provide you with the knowledge to find your local credit union.

You can look at shop lenders. There are many lenders that have set up shop along the UKs high streets, and you could well have some in your local area. Some of these lenders do not offer loans to brokers, like Cash Lion, so they could be an option. It is well worth speaking to them to see if they could offer you a loan - make sure you ensure they are registered with the correct authorities for being able to lend to the UK public.

Finally, can you ask friends and family if you can borrow the money from them? Some people find this difficult, and that is understandable, but borrowing from friends or family can be an extremely quick way of obtaining credit and it can also prove to be a lot cheaper than borrowing from an actual lender.
© 2013 Loan Machine Limited | Data Protection: Z9250764 | CCL: 576459. FCA Interim Permission: 576459

PO Box 335 | Great Yarmouth | Norfolk | NR30 9FG
Representative APR Example: 1223.6% APR variable. £100 borrowed over 30 days would equal total borrowing of £124. Actual Interest is 24%.

Note: the APR you are offered may differ depending on the lender that accepts you. 

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Cash Lion is trading style of Loan Machine Limited - authorised and regulated by the Financial Conduct Authority - Interim Permission Number 576459. Loan Machine Limited is a Limited Company with Registered Company Number of 5517368 - Registered in England and Wales. Loan Machine Limited registered address: 170 High Street, Gorleston, NR31 6RG. Correspondence should be directed to PO Box 335, Great Yarmouth, NR30 9FG.

Cash Lion, operated by Loan Machine Limited, may receive a fee/commission for either referral or completion of your loan application.

Cash Lion is not a lender but a broker that has access to multiple lenders across the UK. We cannot lend you finance ourselves - only refer you to a lender who can.

Payday Loans should be used for short term lender purposes only - not as part of a longer term financial option. Not all lenders will offer a 100% online decision - some may require to speak to you or require further forms of identification or details to check affordability. You will be credit checked by lender(s) to determine if you can be approved a loan.

© 2014 Cash Lion - All Rights Reserved.

Loans for any reason