Who We Are?

Credio is a new type of lending company focused on good value short-term instalment loans from £50-£1000 that can be repaid over multiple months. We are are not a paydaylender providing credit to the next payday but instead we provide fair and flexible instalment loans at affordable and reasonable price. In fact, we have one of the lowest APR of the current short-term loan market in the UK.
We have designed our process to be fast and easy. Our loan terms are fair and completely transparent. There are no hidden fees or balloon payments.
Our team is very responsible and we strictly follow the rules of Responsible Lending, as we only give out financing to people who can afford this service. We are fast, flexible, and most importantly, we always take good care of our customers.

Why Credio loans are much better than payday loans?

Credio loans are flexible instalment loans. They are designed to give you the time you need to pay back your loan - a little at a time. By taking out one of our flexible Credio loans you can decide whether you want to repay your loan over multiple months. Repaying principle and interest will reduce your loan balance and also means that your monthly payments are smaller and more manageable.
For example, when you take out a payday loan, normally you are supposed to pay the entire amount back in two weeks. Most people roll their loan over - extending it another two weeks - rather than pay it all off in the first payment. In fact, most people rollover their loans at least 10 times! Each time you roll over your loan you pay the fee again but here is the catch - you do not reduce the actual principal itself! However, with Credio your repayments reduce both the interest and the principal.

Can I really save up to 50% when I choose Credio instead of a payday loan?

Yes, you can! To give you a better understanding of how you can save up a lot of money with us, have a look at the example below:
If you take out £500 from a typical payday lender then firstly, you are obliged to repay the amount in full. Secondly, you would end up paying £90 each time you want to rollover the loan. Let’s just say you end up rolling it over for 10 times. After your last rollover, you would still need to pay back the £500 you initially borrowed to close out the loan plus the extra fees. So, after five months, you would have paid £900 in fees for your £500 loan and that is something that people normally don’t see coming and it causes them a lot of trouble.
Now this is the part where we come in. Credio doesn’t support the rollover of the loan. We believe in offering a more practical repayment scheme, which provides you with the option of paying your loan in manageable chunks.
If you use Credio to borrow the same £500, you aren’t obliged to pay off the whole amount all at once in a very short period of time. Instead, you can choose repay over multiple months. So, if you decide to take the loan for 4 months then you would have to make 4 equal monthly repayments of £147.97* resulting the total cost of your loan just £91.88*!

Availability and Rates

Credio good value loans are currently available for people living in the United Kingdom. The loan applicant must be over 18 and hold a UK bank or building society account with a valid debit card.
Our introductory interest rates displayed on our front page are well below what any payday lenders offer and below the current FCA legal limit of 292% per annum. Returning customers who exhibit good credit behaviour will qualify for significantly lower rates. Neither do we charge any hidden fees, any transmission fees, extension fees and or late fees.
Credio does not discriminate against any credit applicant with respect to any aspect of a credit transaction (1) on the basis of race, colour, religion, national origin, sex or marital status, or age (provided the applicant has the capacity to con­ tract); (2) because all or part of the applicant’s income derives from any public assistance program; or (3) because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
If you have any questions about Credio loans, please don’t hesitate to contact us or check out our FAQ for further information.

You can find a loan comparison site here