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What is CashWave?

Written by Alex

Need a financial boost? We are here to help!

CashWave is a short-term instalment loan available through the SteadyPay app. It's designed to give you access to cash when you need it, with no interest — you only ever repay what you borrow.

CashWave is offered at different levels depending on your eligibility:

Tier

Amount

How it's repaid

Fee

£50

£50

1 repayment after 30 days

£7 one-off fee

£100

£100

1 repayment after 30 days

£14 one-off fee

£200

£200

1 repayment after 30 days

£20 one-off fee

£300

£300

3 monthly instalments of £100

£30/month while active

£500

£500

4 monthly instalments of £125

£40/month while active

How CashWave works:

✔️ You are invited to access CashWave based on your SteadyPay account history

and affordability


✔️ You pay an upfront subscription fee, which releases the loan to you


✔️ You repay the loan in equal monthly instalments


✔️ There is no interest — just the subscription fee


✔️ We report your repayments to credit reference agencies, so on-time repayments

help your credit score

Subject to eligibility. CashWave is subject to affordability checks including a soft credit check, repayment history, and employment information. SteadyPay reserves the right to decline credit.

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