Creation Loans
Fixed rates from 12.9% APR between £1,000–£30,000, fast decisions, no hidden fees, and next-working-day funding. Excellent customer ratings and flexible terms.
Creation Loans offer a transparent and straightforward personal loan with rates as low as 12.9% APR, covering loan amounts between £1,000 and £30,000. With fixed monthly repayments, applicants enjoy certainty regarding what they’ll pay each month. There are no hidden fees or charges to worry about, ensuring the borrowing process is honest and simple.
Applicants can choose repayment terms from one to seven years, and successful applications may see funds transferred as quickly as the next working day. Creation highlights their trustworthy reputation, boasting over 50 years of experience and excellent customer satisfaction ratings.
How to Apply for Creation Loans
The application process is designed to be quick and easy. First, check if you’re pre-approved by filling in a short eligibility form. If pre-approved, you’ll receive a personalised rate. Next, complete the full application, providing your financial and identification details. If approved, sign the agreement electronically for fast processing. In some cases, additional details or a phone call may be required, especially for loans over £17,000.
Pros of Creation Loans
One notable benefit is the fixed monthly repayments throughout the loan term, providing peace of mind for budgeting. There are no arrangement, overpayment, or early settlement fees, making it a convenient choice for borrowers who wish to pay off loans earlier. Fast decisions and potential next-day payouts add further appeal.
Cons of Creation Loans
To apply directly, you need to be an existing Creation customer unless you go through a price comparison website. The minimum age is 23, and the minimum annual net income requirement is £9,600. Those with adverse credit histories or who are students or unemployed are not eligible, limiting accessibility for some.
Unser Urteil
Creation Loans present a robust and user-friendly option with transparent terms, no hidden costs, and fast funding. They are best suited for customers seeking clarity, reliability, and reputable service. While some restrictions apply, the overall offering is impressive for suitable applicants.
