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Loan Calculator

No loan calculator needed!

Check if you're approved for a Creditspring loan today!

Check eligibility now!

When checking if you're eligible for a loan with Creditspring, you can skip using a loan calculator to do this. Our fast eligibility checker will let you know within moments if you have been approved! No need to complicate things more, get it done all at once.

For both membership products with Creditspring your APR% (fixed) has already been calculated for a 12 month term. This means you will not need a loan calculator to know exactly what you owe when you start borrowing. Instead, before you begin borrowing, all monthly payments that you will make are easily laid out so you can begin organising if necessary.

This is why borrowing responsibly can be a great option to guarantee not spiralling when in a financial bind. Our Creditspring loan eligibility checker will evaluate which Creditspring product you're eligible for Core or Plus Memberships. Know exactly what you are able to borrow within minutes!

Calculating if you are able to borrow

Borrowing from Creditspring is simple and is easily laid out for you before becoming a member. Without using a loan calculator you'll be able to find out if you're approved to become a Creditspring member using our fast eligibility checker. Membership eligibility includes, but is not limited to the following:

You must be over the age of 18 with a UK bank account. Earning over £20,000/year, with no recent CCJ, IVAs or bankruptcies.

We assist our members in building their financial stability so they can prepare for their future, stress free. We help our members obtain financial resilience so they can make informed decisions like getting a loan when they need it.
Please keep in mind that we will run other checks based on your credit history to calculate your membership eligibility. A Creditspring membership is subject to status, terms and conditions apply.

How is APR calculated?

The Annual Percentage Rate (APR) is important to understand in order to help you calculate your total loan and fees with Creditspring.

Annual Percentage Rate is a way of measuring the interest rate of financial products like loans, credit cards etc. It represents the amount of interest that will need to be paid back annually. This serves as a great way of comparing loans, as the percentage is right there for you.

Our APR includes our monthly membership fee. You’ll always know how much you’re going to repay, no hidden costs or fees.

Our Annual Percentage Rate of Charge is calculated in accordance with FCA rules and guidelines.

How do I calculate my fees for my Creditspring loan?

Being a member of Creditspring means you do not pay any added interest throughout your membership. No late fees, no-interest, just a small fixed membership fee every month, plus the amount you borrowed. There's no need for a loan calculator becuase we make it very clear what you'll owe from the start, no surprises.

Check out our membership breakdown below

Plus

£1000

per year
Thick check

Borrow £500 twice a year, no-interest.

Thick check

Membership fee £8 x 12 months (£96 a year), no additional fees. Rep APR 38.6%

Thick check

Repay each loan with 6 monthly payments

(£83.35 the first and £83.33 the remaining five installments)

Representative 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

£500

per year
Thick check

Borrow £250 twice a year, no-interest.

Thick check

Membership fee £6 x 12 months (£72 a year), no additional fees. Rep APR 87.4%

Thick check

Repay each loan with 4 monthly payments of £62.50

Representative 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.

Plus

Core

£1000

per year
Thick check

Borrow £500 twice a year, no-interest.

Thick check

Membership fee £8 x 12 months (£96 a year), no additional fees. Rep APR 38.6%

Thick check

Repay each loan with 6 monthly payments

(£83.35 the first and £83.33 the remaining five installments)
Representative 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.

£500

per year
Thick check

Borrow £250 twice a year, no-interest.

Thick check

Membership fee £6 x 12 months (£72 a year), no additional fees. Rep APR 87.4%

Thick check

Repay each loan with 4 monthly payments of £62.50

Representative 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.