Your Pathway To A Truly Flexible Short Term Loan
Plan ahead with your StepStone Credit facility and be in control
- draw down what you want when you need it
- you can pay back early to reduce your costs but your account stays open
- open an account today and receive money via the app so you can be in control on the go
Drawn down credit: £300 for 105 days
Interest rate: 292% APR
Daily Interest Charge: 0.8%
1st Minimum monthly repayment: £32.20
2nd Minimum monthly repayment: £72.00
3rd Minimum monthly repayment: £74.40
Final Minimum repayment: £374.40
Total Interest Charges: £252.00
Total Amount Repayable: £552
Representative: 1188% APR
Your Pathway To A Truly Flexible Short Term Loan
Plan ahead with your StepStone Credit facility and be in control
- draw down what you want when you need it*
- you can pay back early to reduce your costs but your account stays open
- open an account today and receive money via the app so you can be in control on the go
Drawn down credit: £300 for 105 days
Interest rate: 292% APR
Daily Interest Charge: 0.8%
1st Minimum monthly repayment: £32.20
2nd Minimum monthly repayment: £72.00
3rd Minimum monthly repayment: £74.40
Final Minimum repayment: £374.40
Total Interest Charges: £252.00
Total Amount Repayable: £552
Representative: 1188% APR
Step 1 - Only pay interest on what you draw down
Here’s how it works: you’ve registered and we’ve agreed to loan you up to £500...
This is what it will cost you
for a term of 3 months
Number of days: 90
Total Interest: £98
Capital: £100
Total Capital and Interest £198
Why stop there? How about reducing interest payments by paying back early? See Step 2...
Step 2 - Pay back capital as you can to reduce your interest
You can pay back early to reduce interest costs and, your account still stays open.
Reduce the interest
Test how much you could save by scrolling the repay dialler below.
Paying 60 days early saves £0
Step 3 - Pay All Capital and Interest in one go
The BOOM! button
Pay back all your capital and interest in one go. And, the loan facility still remains open for the full 3 month term should you need it again.
Pay it all off
Drag the dial all the way round and hit BOOM! to pay it all back.
Amount owed £100
Check and agree
It's as simple as that
Don't forget, if you need us again, your account will remain open for you to draw from until ****
It's easy, watch the video...
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...well not anything
How much can I borrow?
StepStone Credit is a short term credit facility that allows you to borrow credit of between £200 and £500. However, whilst we can provide the facility for you to have access to up to £500, you will not be charged anything until you drawdown the first of your available funds. This means that once approved, the credit is there for you to use as and when it is required. You can utilise as much or as little of the credit as you wish.
What will it cost me?
StepStone Credit is a modern alternative to traditional payday lenders. We are an FCA Regulated short term credit provider. With us, there is flexibility and control over what you repay based on what you drawdown each time. We also ensure you have the utmost control over any future costs of credit, allowing you that extra peace of mind. What’s more is that the more you utilise your Stepstone credit facility and repay what you drawdown, the more beneficial this is to future costs.
What if I can't pay it all back?
We will never require you to repay what you haven’t used. This means that unlike other short term lenders who require you to pay back the borrowed amount plus interest, whether you have used the funds or not, we only require repayment on what you have drawn-down from your Stepstone account. What’s more is that the repayment process is easy and straightforward. Repayments are made either via your online account through our secure member’s section or via the Stepstone mobile app that lets you manage all aspect of your account.
Stepstone Credit is a trading name for Hymarc Ltd and is registered at:
Unit A, Farriers Courtyard, Spelmonden Farm, Spelmonden Road, Goudhurst. TN17 1HE. Authorised and regulated by the Financial Conduct Authority No 683980
Hymarc Limited is a registered Data Controller under the terms of the Data Protection Act 1998 with a registration number of ZA 098144
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk