We use cookies to help us improve and protect our services. By continuing to use the site, you agree to our Privacy and Cookies Policy
Close cookies banner
Creditspring logo

The Top 5 Wollit Alternatives

Looking for a Wollit 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.

The Wollit platform is known for helping customers manage their finances transparently. However, there are alternatives for people in the UK that may better suit your needs. Let’s take a closer look at the top Wollit alternatives available to customers in the U.K.

1. Creditspring

Creditspring offers members access to two on-demand no-interest loans per year. With membership fees starting as low as £7 per month, Creditspring is one of the best Wollit alternatives in the U.K. Creditspring loans come with a fixed APR starting at 43.7% and the different membership levels give you access to loans that can help you build up your credit profile. 

Creditspring does not charge interest on loans - you only pay a small monthly membership fee. You’ll get two loans every 12 months, and 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 Wollit. 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. Chip

Chip is a budgeting app that allows you to create budgets and track your spending. It's similar to Wollit in the sense that it's an app that helps you monitor your spending and stay on top of your finances.

Unlike Wollit, Chip doesn't have a monthly fee—the only cost is for using their card (which can be cancelled at any time). With Chip, you'll get access to:

  • A money organiser where you can keep track of all of your bank accounts, credit cards and loans.

  • A spending tracker with real-time updates so you know exactly how much money is left in each budget category at any given time.

Chip is FCSC protected up to £85,000 and offers a 0.61% interest rate when you opt for an interest rate account provided by Allica Bank. The app also helps you round up spare change and uses artificial intelligence to tell you how much you can potentially save. 

3. Plum

If you’re looking for a budgeting app with a similar look and feel to Wollit, then Plum may be your best bet. Unlike some other apps on this list, Plum is free to use. You don’t have to pay anything at all to get started with it. The Plum app is available on Android and iOS devices as well as the web browser.

Getting started with Plum takes less than two minutes and you can earn up to 1.01% EAR with their Easy Access Interest Pockets that are provided by Invest Bank Plc. You can set up smart rules and let the app do the rest. This helps you to build good financial habits by saving small, regular amounts. 

Plum allows you to link your bank accounts automatically in the app, and you can earn interest on your savings by choosing from simple investments. You can start building your portfolio with only £1.

4. Money Dashboard

If you're looking for a budgeting app for your phone, Money Dashboard is one of the best options. It's available on both Android and iOS devices, so it will work regardless of what kind of phone or tablet you have. The interface is easy to use and intuitive, so even someone who hasn't used a budgeting app before can get started right away.

Money Dashboard has some great features that make it easy to use and effective at helping you stick to your budget:

  • Customizable budgets: Create multiple budgets with customizable categories and spending limits

  • Automatic syncing with transactions in real-time from other financial accounts like bank accounts, credit cards or cash accounts

  • Advanced bill reminders (notifications) set up by day, week or month with customizable alerts sent via email/SMS/push notification

The dashboard is easy to use and you can see the merchants you have spent with by category. It supports multiple bank accounts and the platform has been around for more than 10 years. 

5. Emma

If you're looking for an easy way to track your spending, Emma is a great option. It's free and available on both iOS and Android. The app allows you to set budgets, track how much money is left in each budget category, set goals and even add photos of receipts.

Emma can help you track your finances and help you manage your budget. You can invest as little as £1 and also pay anyone instantly. There are three plans available: Free, Plus, and Pro. With the pro plan, you can add custom categories and offline accounts while setting smart rules to track your net worth.

As a great Wollit alternative, Emma helps you track subscriptions and cancel any wasteful ones you don’t need to reduce your spending. Emma automatically tracks your expenses across multiple accounts and gives you helpful insights into your spending behaviour. 

6. Yolt

Yolt is a financial management app for personal finances. It’s most popular among people who are more interested in budgeting and saving than investing. 

Yolt users can track their income, spending and savings from one place so that they can feel confident about how much money they have available every month. It’s also helpful for those who want to set financial goals, such as paying off debt or buying a house.

Yolt is designed to be used by anyone over 18 years old with an active bank account—no matter how much (or little) money they make.


As the company grows and customers come to appreciate the benefits of using Wollit, we expect to see more companies start offering similar products. Also, as demand for Wollit rises and their inventory starts to run out, it may not be possible for everyone who wants one. 

Fortunately, there are other options out there that can help you save money while also protecting your budget from unexpected expenses!

If any of these other options sound interesting, check them out by clicking on one in our list above. Feel free to choose whichever option is best suited for your needs—they all come with great features that could make managing your finances easier than ever before!

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