Stepstone Credit

Calculate Your Loan Cost:

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

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
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

A Stepstone Credit account is a Running Account Credit Agreement and gives you a line of credit for a fixed period that allows you to withdraw and repay back as little or as much of your capital as you like, as frequently as you like during the period of the loan. Here is an example of how it works.

Day 1 - Open £500 facility with StepStone Credit

Day 2 - Draw down £200 directly into your bank account via the app at a daily interest charge of £1.60 (0.8% per day)

Day 5 - Payback £200 via the app. This will leave you with an outstanding balance of £6.40. You can either pay back the interest vie the BOOM button, or wait for it to be automatically taken from your bank account on the date stated in your client agreements. This date can be seen on the app on in your Client Zone.

Even though you have paid back all the money that you have drawn down on Day 5 the facility will continue to stay active and accessible for you until the agreed term stated in your documentation, which could be up to 114 days. Remember, you can draw down and payback as many times as you want over this period and will be only incur a daily interest charge for the capital borrowed.

When you apply for a Stepstone Credit account you will be asked to supply your online banking credentials, this will give them 90 days of read-only access to your account history allowing them to make a lending decision. Stepstone Credit will only have access to view your transactions and nothing more and is completely secure.

When can I get my loan?

Once your line of credit has been approved you can draw down on funds up to your credit limit at any time 24 hours a day and typically the funds will be in your account within 30 minutes (subject to your bank).

How do I repay my loan?

Using the Stepstone app or website you can repay your account at any time and you'll save money on the interest, if not then they will collect the agreed repayments on the dates specified in your loan agreement.

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

Please contact their Customer Services Team on 0330 390 2039 or [email protected] so that they can better understand your circumstances as they may be able to help you manage your repayments

Application Criteria

  • You must be over 18 years of age
  • You must be a UK resident with a UK bank account with Online Banking
  • You must be able to afford the loan and agree to a credit check

How is this lender regulated?

  • Stepstone Credit 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
Stepstone Credit
0330 390 2039