Creation personal loans

See how to get a Creation Finance personal loan and see how much you can borrow with our Creation loan calculator.

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Creation Financial Services

Creation loan calculator

Table: sorted by representative APR, promoted deals first
1 - 1 of 1
Name Product Finder score Total Payable Monthly Repayment Representative APR Link
Creation Financial Services Creation Loans
4.0
★★★★★
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 9.9% p.a. (fixed). Representative APR 9.9% and total payable £11,527.92 in monthly repayments of £320.22.
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Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Late repayments can cause you serious money problems. See our debt help guides.

Our verdict

Thinking about a Creation loan? If you're already a customer aged 23 or over, you can enjoy fixed monthly repayments and a relatively competitive APR. However, you have to receive an offer letter in order to apply and the loan terms are somewhat limited compared to other providers. Consider these factors and compare alternatives before deciding.
Pros
  • Fixed monthly repayments
  • Relatively competitive APR
  • Instant decisions in most cases
Cons
  • Limited loan terms compared to the market
  • You have to be an existing customer to apply
  • You have to be between 23 and 70 years to be eligible
Representative example: Borrow £10,000.00 over 3 years at a rate of 9.9% p.a. (fixed). Representative APR 9.9% and total payable £11,527.92 in monthly repayments of £320.22.
Creation Financial Services Creation Loans
4.0 ★★★★★
Finder score

Maximum loan

£25,000

Product fee

N/A

Early redemption fee

Yes

Creation Financial Services loan rates at a glance

The Creation Financial Services Creation Loans charges 9.9% APR representative on loans between £7,500 and £10,000. Creation Financial Services offers the loan with repayment terms between 1 and 5 years, and applicants can apply to borrow from £1,000 to £25,000.

Bear in mind that the advertised representative APR is the interest rate that Creation offers to the majority of applicants who request a particular loan amount. You may be offered a different APR based on your personal circumstances.

What is Creation Finance?

You might not have heard of Creation Financial Services – it’s probably not what you’d call a household name. But it’s actually the outfit behind the store cards of some of the UK’s biggest names in retail. Creation also partnered up with Argos to add personal loans to Argos finance offering.

Creation says that its customers don’t want complicated products, and so it prides itself on providing fixed-rate personal loans with no hidden tricks or catches, promising no surprises down the line.

Are Creation loans good?

Creation Finance loans have a relatively high interest rate compared to similar personal loans, but do not charge any upfront fees or early repayment penalties. You can also normally get an instant decision on your loan application.

In terms of customer reviews, Creation Finance currently has a “bad” rating according to customer review platform TrustPilot, based on over 600 reviews. Many reviews suggested Creation Finance offered poor customer service and missed payment charges.

Creation Finance provides credit to many well-known retailers, insurance brokers and motor finance companies such as Currys PC World, DFS, Dreams and more.

Creation Finance personal loans are for existing customers only.

Key features of a Creation personal loan

These personal loans are unsecured – which means they’re based on creditworthiness, rather than the use of property or other assets as collateral. Here are some of the other key things to know about Creation personal loans:

Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £25,000.00
Loan terms1 Year to 5 Years
Loan rate typeFixed
Product fee0%
Same-day funding available
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsDirect Debit

What can a Creation personal loan be used for?

  • Car purchase. Compare personal loans as an alternative to car finance.
  • Home improvements. Extend your house, buy new fixtures/fittings or landscape your garden.
  • Holiday. Take the that longed-for trip.
  • Consolidating debts. Move multiple debts to one fixed-rate loan.
  • Other. From a wedding to a boat – there’s not much you can’t use a personal loan for.

There are a few things you can’t do with a Creation personal loan however:

  • Business investment or expansion.
  • Speculative investments or timeshare purchases.
  • Funding criminal activity.

How do Creation loans compare against the competition?

Table: sorted by representative APR, promoted deals first
1 - 4 of 12
Name Product Finder score Total Payable Monthly Repayment Representative APR Link
Novuna Personal Loan
4.5
★★★★★
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 7.4% p.a. (fixed). Representative APR 7.4% and total payable £11,142.00 in monthly repayments of £309.50.
My Community Bank Personal Loan
4.5
★★★★★
Check eligibility
View details
Representative example: Borrow £5,000 over 48 months at a rate of 24.9% pa (fixed). Representative APR 27.9% and total payable £7,939.24 in monthly repayments of £165.40.
Creation Financial Services Creation Loans
4.0
★★★★★
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 9.9% p.a. (fixed). Representative APR 9.9% and total payable £11,527.92 in monthly repayments of £320.22.
Barclays Existing Current Account Loan
4.5
★★★★★
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.1% p.a. (fixed). Representative APR 6.1% and total payable £10,941.12 in monthly repayments of £303.92.
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Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

Am I eligible for a Creation personal loan?

You can apply for a Creation loan if you meet the following criteria:

  • You must be a permanent UK resident and have been a UK resident for at least 3 years
  • You must be between 23 and 70 at the date of application
  • You must have an annual income of at least £12,000
  • You must have a bank or building society current account

You will not be eligible (and should not apply) if any of the following criteria apply to you:

  • You are a student, homemaker or unemployed
  • You are making a joint application
  • You have an adverse credit history, such as missed or late payments, county court judgements (CCJ) or bankruptcy

How do I apply?

If you think that a Creation personal loan is the right choice for you, there are five steps to the application process:

  1. Use the Creation personal loans calculator to get a quote for the monthly cost of your loan, depending on the amount borrowed and the repayment term.
  2. Complete an online application – this should take about ten minutes.
  3. Creation will use the information you provide, together with details from a credit reference agency, to assess your application.
  4. If your application is accepted, Creation will send you two copies of your loan agreement, which you must sign and complete in the highlighted areas. One copy must be returned to Creation by post.
  5. Once Creation has received your signed agreement, the money will usually be paid into your bank or building society account within 5 working days (excluding weekends or bank holidays).

Creation Finance customer reviews

Creation has received mixed reviews from customers, according to review sites like TrustPilot and Reviews.io. It currently has an “excellent” rating on TrustPilot, with a score of 4.7 out of 5, based on more than 59,000 reviews, and a rating of 1.5 out of 5 on Reviews.io (updated May 2024). Some customers praised Creation’s customer service, but others reported issues with logging in to their online accounts.

Creation Finance provides credit to many well-known retailers such as Currys PC World, DFS, Argos and more.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

Written by

Chris Lilly

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full profile

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