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How we compare

How does Creditspring compare to other lenders?

Before making a decision that can alter your future in a big or small way, it’s always important to compare the market. See how various loan providers compare to each other so you get a precise understanding of what you are in for.

Creditspring stacks up pretty well when looking at other loans in the UK. We’re a great alternative to overdrafts and payday loans so you’ll be able to borrow stress free. With Creditspring you won’t be stuck in looming debt like you may be with other loan providers, as we offer affordable loans along with tips to grow your financial wellbeing.

Too good to be true? Check out how we compare if you borrow £500 twice a year and repay each advance over 6 months.

Plus

£

500

/ twice a year
Core

£

250

/ twice a year

If you borrow £500 twice a year and repay each advance over 6 months, our charges look pretty good!

Near-Prime Credit Cards

£71 Info logo

Creditspring

£96

Arranged Overdraft

£197 Info logo

Payday Loans

£600 Info logo

Unarranged Overdraft

£831 Info logo

This is an illustrative calculation of the charges one would incur on a range of products by borrowing £500 twice a year under the same repayment terms offered by Creditspring. We recommend that you check the actual charges you may be currently paying on such products as they may be different from the representative examples in the chart.

Near-Prime Credit Cards: Estimated using an indicative APR of 39.9%. The cost has been calculated by applying the equivalent monthly interest rate to the outstanding monthly balances.

Arranged Overdraft: In the case of Barclays, Lloyds and Santander, the cost has been estimated by using the fee structure used by the banks. For HSBC and RBS, the cost has been calculated by applying the equivalent monthly interest rate to the outstanding monthly balances.

Unarranged Overdraft: This is the average of the unarranged overdraft fees that would be charged by Barclays, HSBC, RBS and Santander. The fees have been estimated by multiplying the maximum monthly charge of each of the three banks by eight months.

Payday Loans: Estimated using a daily interest rate of 0.8%. Applied to the outstanding monthly balances.

All information accurate as of 12th April 2019.

If you borrow £250 twice a year and repay each advance over 4 months, our charges look pretty good!

Near-Prime Credit Cards

£35 Info logo

Creditspring

£72

Arranged Overdraft

£82 Info logo

Payday Loans

£300 Info logo

Unarranged Overdraft

£605 Info logo

This is an illustrative calculation of the charges one would incur on a range of products by borrowing £250 twice a year under the same repayment terms offered by Creditspring. We recommend that you check the actual charges you may be currently paying on such products as they may be different from the representative examples in the chart.

Near-Prime Credit Cards: Estimated using an indicative APR of 39.9%. The cost has been calculated by applying the equivalent monthly interest rate to the outstanding monthly balances.

Arranged Overdraft: In the case of Barclays and Lloyds, the cost has been estimated by using the fee structure used by the banks. For HSBC and RBS, the cost has been calculated by applying the equivalent monthly interest rate to the outstanding monthly balances.

Unarranged Overdraft: This is the average of the unarranged overdraft fees that would be charged by Barclays, HSBC and RBS. The fees have been estimated by multiplying the maximum monthly charge of each of the three banks by eight months.

Payday Loans: Estimated using a daily interest rate of 0.8%. Applied to the outstanding monthly balances.

All information accurate as of 12th February 2019.