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The Top 7 CashKitty Alternatives

Looking for a CashKitty Alternative?


No extra fees, no interest


Transparent and fixed pricing

Representative example: Total amount of credit £600 repayable over 13 months. 12 monthly membership payments of £10. Rate of interest 0% p.a. (fixed). Representative 83.1% APR. The first repayment for each advance is £50.00, due 45 days after drawing, followed by 5 monthly repayments of £50.00. Total amount payable £720.

CashKitty is one of the new breed of online-only lenders that have become increasingly popular in recent years. The company was founded in 2011 and offers loans from £100 to £5,000 with loan terms between one month and 24 months. 

CashKitty operates as a broker - not a lender - connecting borrowers with individual lenders on its platform. It uses details from your application to search its panel of lenders and find the best short term loan to suit your needs. You will then be transferred to the lender’s website to complete the process. 

The lender may have  some additional questions for you, like how much money you want and what kind of loan you’re looking for (car purchases, home improvements, etc.). You can apply online in just three minutes, with no need for faxing or paperwork. 

If you're looking for alternatives to CashKitty, or are simply curious as to what else is out there, here are a few great suggestions for you.

1. Creditspring

As a top CashKitty alternative, Creditspring offers you no-interest (Rep APR 83.1%) loans . There are different membership levels available from Creditspring, offering you the chance to rebuild your credit or even get the cash you need to finance an unforeseen expense.

At Creditspring there are no surprises, this means that you will only pay your monthly membership fee along with what you borrow. You’ll get two loans per year. Depending on your membership level, these loans range from £200 to £1200, with the first loan available within 14 days after approval.

As there is no-interest payable on these loans, Creditspring is a great alternative to CashKitty. You simply pay a small monthly membership fee in addition to the loan amount - that’s it! The first step is to see if you qualify and this is a quick process that will check your eligibility within minutes.

2. Zopa 

If a peer-to-peer lending service is right for you, Zopa should definitely be on your shortlist. The company was founded in 2005 and has since loaned more than £2 billion to UK borrowers.

More recently, they've added business loans to their product offering. Their most popular personal loan rates range from 5% to 6% APR (annual percentage rate). Businesses can borrow up to £750,000 at an APR ranging from 8% to 10%.

What makes Zopa stand out is the fact that it's been around long enough to establish itself as one of the best options for U.K. consumers looking for alternative financial solutions. The company is certified by the Financial Conduct Authority (FCA), so you'll know that it follows strict regulations by not only protecting your money but also providing clear pricing information before any transactions take place.

3. Funding Circle

Funding Circle is a peer-to-peer lending platform that has financed over £3 billion worth of loans since its launch. The company offers loans of up to £1 million and unlike other lenders, Funding Circle allows investors to choose where they want their money to be lent (e.g., consumer credit, real estate finance). 

There is no minimum investment amount so you can invest whatever you have available. This alternative to CashKitty is similar because it offers a way for investors and borrowers to connect, but it's different in that it focuses specifically on financing smaller businesses that may not be able to get a loan elsewhere.

Funding Circle has been around since 2010, making it one of the oldest alternative lenders on this list. The company also appears to have been successful at what they do: they claim they've funded over £2 billion worth of loans so far!

4. RateSetter

RateSetter was founded in 2010 and has financed over £3 billion worth of loans so far. It is a peer-to-peer lending platform that connects borrowers looking for funds with investors who want to make money by lending their money to borrowers. The platform is well known as one of the most popular alternatives to CashKitty and has a very good reputation in the P2P sector.

You can invest from as little as £10 per month (although this will reduce your interest earnings) up to £1,000 or more if you’re feeling flush. They only charge an annual fee of 0.5% on investments made under £250k or 1% for larger investments with no other fees charged at all.

RateSetter is a good alternative to CashKitty as it offers much higher interest rates and competitive flexibility. The minimum investment amount on RateSetter is £10,000 compared to the £5,000 limit at CashKitty. However, both platforms charge an annual admin fee depending on your account type:

  • Standard Account – 0.50% per annum (or less)

  • Professional Investor Account – 0.30% per annum (or less)

5. Moneyboat

Moneyboat is a provider of straightforward and transparent short-term “payday” loans. It offers a discreet, personal service and will not share your details with other companies or contact your employer. Its online application process allows you to avoid time-consuming paperwork and if approved, you can expect the money in your bank account in as little as 15 minutes.

Moneyboat offers loans between £200 and £1,500 with repayments of up to six months. Approval can take place the same day, with money paid out the next business day.

With an application process that’s easy and streamlined, Moneyboat is a great CashKitty alternative.

6. LendingStream

LendingStream offers a range of instalment loans that can help you get out of debt and build your credit score at the same time. They offer loans from £100 to £2,500, with payments of up to 12 months. You can choose to pay off the loan early at no charge and also save on interest. 

You can apply online in just a few minutes. You'll need your bank account details, your monthly income and how long you’ll need the loan for. An outcome is typically given within 90 seconds. 

LendingStream looks at more than just your credit score, so people with bad credit can also apply.

7. Other CashKitty alternatives in the U.K.

There are many other peer-to-peer lending platforms available in the U.K., including Quakle, The House Crowd and Funding Knight.

For example, Quakle and The House Crowd have lending criteria that focus on the borrower's credit rating and income. Funding Knight focuses on the borrower's business idea or business plan.

All of these platforms are available in the UK, but each has a different approach to peer-to-peer lending.

Use our free eligibility checker to see if you'll be accepted