Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

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
   
Only pay interest on the cash you use
Open up a 3 month credit facility for up to £500
Use your mobile to get immediate access to your cash 24/7
Representative Example
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
*subject to a £20 minimum draw down.
Representative Example
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...

How much do you need?

Adjust the dial below to the amount you’d like to draw out and tap ‘go’

Borrow
£ Go

Credit available £500

Pay backAccount

This is what it will cost you

for a term of 3 months

Daily interest: 0.80%
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.

Pay back capital

So after a few days you wish to pay back part of the loan amount.

Pay back
£ Go

Amount owed £100

BorrowBOOMAccount

Reduce the interest

Test how much you could save by scrolling the repay dialler below.

Original interest charge on £100 over 90 days: £98

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.

Pay back

Amount owed £100

Check and agree

It's as simple as that

Thank you!
You're awesome!
Your debt is cleared!

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...

Control on the go

Download the app for true flexibility. Borrow, pay back or simply check in on your account, anywhere.

Cash when you need it for the length of time you need it. Now that’s a flexible loan.

Ask us a question about anything

...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:
The Southborough Centre The Warehouse, Draper Street, Tunbridge Wells, England, TN4 0PG. 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