Creation Loans
Creation Loans: Borrow £1,000–£30,000 from 10.9% APR representative, fixed monthly payments, no hidden fees, instant decision online, trusted by thousands in the UK.
Creation Loans offer UK-based borrowers the option to borrow from £1,000 up to £30,000, all at a representative 10.9% APR for amounts between £7,500 and £10,000. The loans feature fixed monthly repayments, making budgeting straightforward, and benefit from an entirely online application process for speed and convenience.
To be eligible, you should be aged 23–70, with a UK income of at least £9,600 and a good credit history. The process involves a soft eligibility check, so your credit file remains unaffected unless you proceed with a full application. Once approved, funds are typically released the next working day. There are no hidden fees or charges, and you are free to make overpayments or settle your loan early at no extra cost.
How to Apply for Creation Loans
- Check if you are pre-approved via the online form or mobile app.
- Complete the eligibility check with your personal and financial details.
- Submit a full application if eligible.
- Review and e-sign your loan agreement online.
- Receive your funds, usually by the next working day.
Key Advantages
The standout benefit of Creation Loans lies in their simplicity—fixed repayments and no arrangement, overpayment, or early settlement fees. The process is quick, with many users receiving instant approval. Customer reviews are overwhelmingly positive, praising the speed and transparency.
Additionally, their soft initial eligibility check provides reassurance, as it won’t impact your credit rating unless you proceed to a full application.
Main Drawbacks
One main con is that only existing Creation customers or those applying via comparison sites can apply directly. Additionally, higher loan amounts are reserved for home improvement use and may carry extra checks.
Another consideration is that you need to have a minimum annual income and not be a student, homemaker, or unemployed to be eligible.
Veredicto final
Creation Loans are a strong contender for borrowers who value transparency, speed, and competitive rates. If you meet the eligibility criteria and want the assurance of no hidden fees, this could be a wise choice.
