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Creditspring Creditspring

We are proud of our high APR

It shows how much our members like us!

We are proud of our high APR

It shows how much our members like us!

Get 2 on-demand loans per year.
Repay only what you borrow plus the membership fee.

2 x £500
2 x £250
Plus membership Repay each loan Rep. APR Info icon
£8/month
6 x £83.33
38.6%

As a new member you’ll have access to the first loan in 14 days. We’ll check your eligibility for both Plus and Core Membership

Check eligibility

Rep. example: Total amount of credit of £1,000 over 12 months. The first payment for each advance is £83.35 followed by 5 monthly repayments of £83.33. 12 monthly membership payments of £8. Rate of interest 0% p.a. (fixed), Representative 38.6% APR. Total amount payable £1,096.

Core membership Repay each loan Rep. APR Info icon
£6/month
4 x £62.50
87.4%

As a new member you’ll have access to the first loan in 14 days. We’ll check your eligibility for both Plus and Core Membership

Check eligibility

Rep. example: Total amount of credit of £500 over 12 months. 8 monthly repayments of £62.50 and 12 monthly membership payments of £6. Rate of interest 0% p.a. (fixed), Representative 87.4% APR. Total amount payable £572.

Coin in a parachute

Money is there when you need it

Balloons

No-interest, no hidden fees

Coins pile

Easy and affordable monthly repayments

Stones in balance

Builds your credit score even when you don't borrow

Our high APR shows members value Creditspring

At Creditspring we have now processed over 2 million applications across the UK. Our APR is higher than most traditional products, but that doesn't tell the whole story. Most forms of credit have a lower APR, yet so many have choosen Creditspring. Why?

Our members see value in our product outside of just comparing APR rates.

To understand this fully, it's important to understand how to calculate APR, how APR works, and the APR definition. Put simply, APR is good measuring stick to use between credit products. All things equal, you should usually choose the lower APR product if you only care about price. However, all things are not equal when it comes to understanding the APR definition.

Though Creditspring members have access to other credit, they are still choosing us, even with a higher APR. This is because we offer something more that makes it 'worth it' for our members.

Why not check your eligibility now?
We’ll automatically check your eligibility for both products. Checking your eligibility will not have an impact on your credit score.

Check eligibility

Our members love Creditspring 💙
Excellent
stars-rating

"This is my second year of using Credit Spring, it's easy to use, quickly paid off and peace of mind, it's there if you need it."

Lisa

Impressive Customer Service
stars-rating

"Would recommend to anyone"

Gary

Excellent thanks Credit Spring
stars-rating

"In the most difficult situations he helped me... Thanks Credit Spring."

Cristina

What does APR mean for Creditspring?

The definition of APR and the calculation of APR is defined by the FCA. There are many assumptions, and historically APR is good at comparing lending products beyond one year (the clue is in the name, 'Annual' Percentage Rate).

Our members have expressed that they don't want to be in debt for a long time, so we decided to collect loan repayments faster than normal. This may be a big reason why our APR is higher than others.If you wanted to compare the total amount payable between credit products, you'd see Creditspring is often one of the cheapest sources of credit out there. You can see our APR comparison table [here] and find out that while we don't look so good compared to low APR credit cards and overdraft, on a total amount payable its a different story.

Also, unlike all other lending products, your debts won't grow with our APR since our costs are capped.

Check eligibility now, it only takes 60 seconds to see if your eligible and it doesn't hurt your credit score.

Check eligibility