Credio

Who We Are?

Credio is a new type of lending company focused on good value short-term installment loans from £50-£1000 that can be repaid over multiple months. We are are not a payday lender providing credit to the next payday but instead we provide fair and flexible installment 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*!