Creation personal loans

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

Creation Financial Services

Calculate the cost of a Creation loan

Table: sorted by representative APR, promoted deals first
Name Product Total Payable Monthly Repayment Representative APR Link
Creation Financial Services Creation Loans
Creation Financial Services Creation Loans
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 10.9% p.a. (fixed). Representative APR 10.9% and total payable £11,682.00 in monthly repayments of £324.50.
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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.

Creation Financial Services loan rates at a glance

The Creation Financial Services Creation Loans charges 10.9% APR representative on loans between £7,500 and £15,000. 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 not does 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.

Key features of a Creation personal loan

These personal loans are unsecured – which means they’re be 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’s 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
Name Product Total Payable Monthly Repayment Representative APR Link
Lending Works Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 7.1% p.a. (fixed) with an application fee of £0.00. Representative APR 10.7% and total payable £11,651.40 in monthly repayments of £323.65.
Barclays Bank Existing Current Account Customer Barclayloan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 5.5% p.a. (fixed). Representative APR 5.5% and total payable £10,848.60 in monthly repayments of £301.35.
Hitachi Personal Finance Hitachi Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.2% p.a. (fixed). Representative APR 3.2% and total payable £10,493.64 in monthly repayments of £291.49.
Lloyds Bank Existing Customer Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.9% p.a. (fixed). Representative APR 3.9% and total payable £10,601.64 in monthly repayments of £294.49.
Creation Financial Services Creation Loans
Creation Financial Services Creation Loans
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 10.9% p.a. (fixed). Representative APR 10.9% and total payable £11,682.00 in monthly repayments of £324.50.
Zopa Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 5 years at a rate of 8.8% p.a. (fixed) with an application fee of £240.00. Representative APR 9.9% and total payable £12,602.87 in monthly repayments of £210.05.
My Community Bank Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 17.1% p.a. (fixed). Representative APR 17.1% and total payable £12,636.72 in monthly repayments of £351.02.
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Compare up to 4 providers

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.

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 “average” rating on TrustPilot, with a score of 2.8 out of 5, based on more than 1,000 reviews, and a rating 1.6 out of 5 on Reviews.io (updated 31 March 2021). Some customers praised Creation’s customer service, but others reported issues with logging in to their online account.

Get personalised loan quotes

Save time by checking if you'll be approved by multiple lenders, and see personalised rates.

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.

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