Calculate Your Loan Cost:

Choose the loan type you require then adjust the sliders to calculate the cost of your loan.

Representative Example

Representative Example: Amount of Credit: £340.00. Term: 97 days. Interest: £194.36. 3 Monthly Payments Of: £178.11. Total Repayable: £534.36. Interest Rate: 292% pa (fixed). Representative APR: 1254%
Total Repayable


You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.
Read more about How Our Comparisons Work

Lender Overview

Nextcredit Loans

Nextcredit is a direct lender offering short-term flexible instalment loans of £100 to £1000, payable over 14 days to 12 months. At Nextcredit there are no transfer fees or default fees on the instalment loans, and you can settle your loan early or overpay each month if you wish to repay the loan quicker and save yourself money. Nextcredit pride themselves on their flexible borrowing options, competitive daily interest rate and their customer service.

When can I get my loan?

If the loan is approved, your money will be sent to your bank account via the Faster Payment service, free of charge.

How do I repay my loan?

Loan repayments are collected from your debit card on the agreed repayment dates which are laid out in your Credit Agreement. You should always ensure that the funds are available to collect on the agreed dates.

What happens if I can't pay my loan on time?

If you are unable to repay your loan on time you should contact Nextcredit as soon as possible on 01631 708602. Nextcredit may charge you a fee of up to £12 for a late payment on single payment loans however they will work with you to get your account back on track. Short-term loans are unsuitable for supporting sustained borrowing over long periods. Please consider if a short-term loan is right for your circumstances.

Application Criteria

  • You must be over 18 years of age to apply
  • You must be a UK resident
  • You must have a UK bank account with a valid debit card
  • You must be in permanent paid employment or self-employed
  • You must have a valid UK mobile telephone number

How is this lender regulated?

  • Nextcredit are authorised and regulated by the Financial Conduct Authority


Late repayment can cause you serious money problems. For help, go to The Money Advice Service
01631 708602