Unfix your loan
Nothing in life is fixed. Why is your loan? Draw from your Cred credit line, repay in instalments, and change your repayment term when life changes. No new application. No new credit search.
Checking your eligibility won't affect your credit score
Representative example: if you borrow £1,000 over 12 months at a (variable) rate of 24.9% per annum, your representative APR will be 24.9% APR. Monthly repayments £93.81. Total amount repayable £1,125.68. Total cost of credit £125.68. Subject to status. UK residents 21+. T&Cs apply.
Lives stopped being fixed. Loans didn't.
The UK personal loan was designed for a world of stable jobs, stable homes and predictable income. That world hasn't existed for a long time. The product hasn't moved on.
What happens in 4 years
Your life
- You change job
- You get a pay rise
- You move home
- You start a side hustle
- The boiler dies
- A baby arrives
In the same 4 years
Your fixed loan
- Same payment.
- Same payment.
- Same payment.
- Same payment.
- Pay a fee to leave early.
- Reapply if you want to change anything.
A loan that moves with you.
Borrow once. Adjust as often as your life requires. All from the Cred app, all without a fee.
Got a pay rise?
Shorten the term.
Pay it off faster, save the interest. Two taps in the app. No early settlement charge, ever.
Hit with a bill?
Stretch the term.
Free up cash now. Lower your monthly payment, take longer to repay. No new application, no new credit search.*
Plans change again?
Change it again.
Stretched it last year, ready to shorten it now? Go ahead. No limit on how often you can adjust, up or down.
A loan. A credit card. A line of credit.
Like a loan
A fixed amount. A flexible term.
Borrow larger amounts of money with structured monthly payments. Change the term whenever life changes.
- Borrow up to £10,000 in one transfer
- Up to 48 months
- Shorten or stretch any time
- No early repayment charge
Representative example: if you borrow £1,000 over 12 months at a (variable) rate of 24.9% per annum, your representative APR will be 24.9% APR. Monthly repayments £93.81. Total amount repayable £1,125.68. Total cost of credit £125.68. Extending your term will result in an increase in total cost of credit.
Like a credit card
Spend with ease. Repay your way.
Spend on your digital credit card via Apple Pay and Google Pay, wherever you shop.
- Apple Pay and Google Pay compatible
- Draws from your existing credit limit
- Repay in full or setup an instalment plan
- One rate. No hidden fees.
Like a line of credit
A line of credit. Always there.
Pay off what you have borrowed and the line stays open. Your credit limit is there if you need it again.
- Apply once, use again and again
- Only pay interest on what you draw
- Credit refreshes as you repay
- Account stays open if you repay in full
A loan. A credit card. A line of credit.
Like a loan
A fixed amount. A flexible term.
Borrow larger amounts of money with structured monthly payments. Change the term whenever life changes.
- Borrow up to £10,000 in one transfer
- Up to 48 months
- Shorten or stretch any time
- No early repayment charge
Representative example: if you borrow £1,000 over 12 months at a (variable) rate of 24.9% per annum, your representative APR will be 24.9% APR. Monthly repayments £93.81. Total amount repayable £1,125.68. Total cost of credit £125.68. Extending your term will result in an increase in total cost of credit.
Like a credit card
Spend with ease. Repay your way.
Spend on your digital credit card via Apple Pay and Google Pay, wherever you shop.
- Apple Pay and Google Pay compatible
- Draws from your existing credit limit
- Repay in full or setup an instalment plan
- One rate. No hidden fees.
Like a line of credit
A line of credit. Always there.
Pay off what you have borrowed and the line stays open. Your credit limit is there if you need it again.
- Apply once, use again and again
- Only pay interest on what you draw
- Credit refreshes as you repay
- Account stays open if you repay in full
The only loan in the UK that works this way.
We checked. No major UK personal loan provider lets you change your term mid-loan without a fee, a refinance, or a new credit search. We're the only one.
Don't take our word for it.
“Hassle free lending and flexible ways to draw down for those unexpected expenses. Much more flexible than a loan.”
“Fast, efficient and effective process. I received my payment in less than 10 minutes.”
“Simple and straightforward application process, money landed in my bank account in minutes.”
“Everything is easy and simple and very helpful. Highly recommended.”
Built around you.
Four things every Cred customer gets, whichever way you choose to use your credit.
Transparent.
One interest rate. No hidden fees, no late payment charges, no surprises.
Flexible.
Repay in a way that suits you. Set your term, change it if you need to, and repay early at no additional cost.
Same day funding.
Get approved and access your credit line in under 24 hours. Subject to status and individual circumstances.
Free credit score.
Monitor your credit score and the factors affecting it, for free, directly in the Cred app.
Flexible Loan FAQs.
Up to £10,000, depending on your circumstances. Your initial credit limit will be shown when you apply.
48 months total from when you first took the loan. So if you started on a 24-month term and have made 6 months of payments, you could extend to a remaining 42 months. Extending your term will result in an increase in total cost of credit.
No fee for changing the term. No fee for repaying early. No fee for changing your payment date (up to twice a year). No setup fee, no drawdown fee, no late fee, no default fee.
No new credit search is performed when you change your term, because you're not applying for new credit. Your existing repayment behaviour continues to be reported to credit reference agencies as normal.
Yes. Pay off the full balance whenever you want, no penalty. Your account stays open and your credit limit stays in place.
A Cred flexible loan is an instalment plan that operates within your overall revolving credit limit. The difference is that you can adjust the term at any time, and any credit you repay becomes available to use again.
There's no late fee and no default fee. If you're worried about an upcoming payment, speak to us before it's due. While your account is up to date you can stretch your term to reduce your monthly payment, which does increase the total cost of credit. If you're already behind, term changes aren't available, so get in touch and we'll look at the options together. Missed payments are reported to credit reference agencies and may affect your credit score.
Ready to unfix it?
Check your eligibility in a couple of minutes. Soft search only. Won't affect your credit score.
Subject to status. UK residents 21+. T&Cs apply.