Goodbye high interest loans. Hello Creditspring.
Flexible on-demand loans for when life happens.
Checking won't impact your credit score.
Our memberships.
Made for plans big and small.
Start building your credit today and access your first loan in 14 days.
Late and missed payments, along with other external factors, can have a negative effect on your credit score.
Plus
2 loans per year
Repay each loan in
6 months
Membership fee (total cost of credit)
12 membership payments
Representative APR
Waiting period
14 days
Core
2 loans per year
Repay each loan in
6 months
Membership fee (total cost of credit)
12 membership payments
Representative APR
Waiting period
14 days
Step
2 loans per year
Repay each loan in
6 months
Membership fee (total cost of credit)
12 membership payments
Representative APR
Waiting period
14 days
Plus
Core
Step
Join Creditspring in five steps
Check your eligibility and get your offer
Two no-interest loans per year. No hidden fees ever. What you see is what you get.
Take 14 days to
cool off
cool off
You have 14 days to decide if you want to be a member. After that, you will have to pay each month.
Unlock your
first loan
first loan
Get access to your first advance and borrow whenever you need it. Repay in 6 monthly instalments.
Unlock your second loan
Unlock and borrow your second loan, once your first loan is repaid. Repay in 6 monthly instalments.
Renew for more
peace of mind
peace of mind
Renew your membership to instantly unlock your next loan with no 14-day cooling off period.
What our members
say about us
Ready to get started with Creditspring?
FAQs
Money stuff can get confusing — that’s why we’ve covered some of the key questions here. Still need answers? You’ll find more in our help centre.
How does Creditspring work?
We offer various memberships that will assist you in planning for your future, building your financial stability and boost your finances for unexpected expenses. There is a limit of one membership per person, and there are 12 monthly instalments.
We do things a bit differently. Instead of adding interest, we'd rather give you a no-interest loan and charge a membership fee that is spread over the course of your agreement. We believe this is a simpler and honest way of doing business. It also means that as a member, you know you'll never pay more than your monthly membership fee and what you borrowed. Read on here
We do things a bit differently. Instead of adding interest, we'd rather give you a no-interest loan and charge a membership fee that is spread over the course of your agreement. We believe this is a simpler and honest way of doing business. It also means that as a member, you know you'll never pay more than your monthly membership fee and what you borrowed. Read on here
What are the application requirements for a Creditspring membership?
There are many factors involved in determining if you are eligible for a Creditspring membership. The following are some of the requirements to apply for a Creditspring membership:
- You must be over the age of 18
- Have a UK bank account older than 3 months
- Earn a minimum of £14,000 per year
- Have no recent CCJ, IVAs or bankruptcies
Creditspring membership is subject to status. Terms and conditions apply.
What do I pay if I only use my first advance?
If you're a Core member, and you borrow both advances as early as allowed under the agreement (for example, after your 14-day cooling-off period) and you repay each instalment in full and on time, the APR is 83.1%.
However, if you choose to borrow only one advance, and you do so at the earliest point permitted, repay each instalment in full and on time, and the agreement runs for a minimum term of 12 months, the APR would be 162.5%
It is important to note that we don't offer refunds on monthly fees if you decide not to borrow the maximum amount of credit available to you during your membership. As always, it is important to read all the terms of your agreement before taking up a product with us. Read on here
However, if you choose to borrow only one advance, and you do so at the earliest point permitted, repay each instalment in full and on time, and the agreement runs for a minimum term of 12 months, the APR would be 162.5%
It is important to note that we don't offer refunds on monthly fees if you decide not to borrow the maximum amount of credit available to you during your membership. As always, it is important to read all the terms of your agreement before taking up a product with us. Read on here
Will applying to Creditspring affect my credit score?
If you apply for a Creditspring membership and are not eligible, it will not affect your credit score. It will leave a “soft footprint” on your credit report that only you will be able to see.
If you are eligible for a Creditspring membership and you accept a membership, our credit check will then be posted as a “hard footprint” on your credit report, accessible by other lenders. Once you are a member, we will continue to report your monthly membership payments and any repayments of your advances to the credit agencies.
If you are eligible for a Creditspring membership and you accept a membership, our credit check will then be posted as a “hard footprint” on your credit report, accessible by other lenders. Once you are a member, we will continue to report your monthly membership payments and any repayments of your advances to the credit agencies.
Does Creditspring provide loans for people with bad credit?
People often come to us when they're looking for bad credit loans, but our loans are for everyone, and we don't just look at the usual range of eligibility factors and your credit score. If you have bad credit, we'll consider your overall financial situation and your ability to repay what you borrow.
Is Creditspring a direct lender?
Yes, Creditspring is a direct lender. We provide small, personal loans – sometimes referred to as direct lender loans – that are disbursed directly to you. This means there's no broker or middleman, you just deal with us. We'll approve (or reject) your application, and we'll transfer the funds to your bank account, if your application is successful.
