How Do Credio Loans Work?

Unlike most payday lenders Credio does not roll over its loans. Instead Credio loans are designed to give you the time you need to pay back your loan in affordable and fair monthly repayments ranging over multiple months.
We offer a much smarter and flexible repayment scheme providing you with the option of paying your loan in manageable chunks by choosing the amount you wish to pay.
Apply for a loan today and you could receive money in your bank account in the matter of few hours.

How to Apply?

The entire application process takes about 5 minutes or less, and it’s completely secure. Please note by supplying your card and bank details we are not guaranteeing you a loan and you may still be declined.
Step 1: Choose your loan amount
Select the amount you want to borrow and the period of time over which you would like to repay - the maximum term is 4 months. Your credit limit will be subject to status and the maximum amount you may borrow at any one time is £200 if you are new to Credio and £250 if you are an existing customer.
Step 2: Submit the application
On the full sign-up form we will ask you to fill in your personal and financial details. All of your data will be kept private and secure. Please note that a small card validation fee will be charged from your account for identification and fraud prevention purpose, which will be refunded shortly after.
Step 3: Processing your application
We will then process your application and run the necessary identification and credit checks. You will be notified immediately via email and text message once you have been pre-approved for a loan. The application process takes up to 72 hours if you are new customer and 24 hours if you are an existing customer. In some cases when some of the required information is missing from your application, the process may take longer than 72 hours.
Step 4. Receive your funds
As soon as your loan has been approved, we will send the money directly to your bank account. It usually takes about 15 minutes but depending on your bank in some cases it might take up to 1 hour. However, all payments made after 5pm will appear on your account on the next day.

How to Pay Us Back?

When you apply for fair loan from Credio, our system will clearly display all relevant information, including the amount of your payment and your payment schedule. It will also display the loan Credit Check fee of £3 being added to your loan.

On the due date the loan repayment will be automatically collected from your bank account, using the Direct Debit information provided by you in the second part of the application. The repayment date is shown in the Credit Agreement, which can be downloaded from your account. We will always notify you to confirm that your payment has been received. If you wish to make a payment early or after your loan term elapses, you can log in to your account and repay the loan online. For further assistance please contact us by emailing to

If there is not enough money on your account to pay your loan when it is due, we will contact you to arrange an appropriate time to collect. If we have to do this, the amount that we will try to take will include any additional charges and interest that may have resulted from the late payment. If your payment is late we will send you a reminder. A further reminder will be sent to you 14 days after your payment is due. Interest is charged at a daily rate of on all amounts not paid by the due date. There is no balloon payment at the end of your loan and no hidden fees along the way.

Let us know if you ever think you will have trouble making your payment. Just email to at least 2 business days before your payment is due, and we will work with you to get you back on track. We want you to succeed and will do our best to help.
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