Polar Credit is a direct lender but we know that we are not the only one and you can also find other direct lenders online.
We have a transparent and quick application process that uses the latest technology to accurately assess your application and our UK based customer service team is always willing to help. But is that enough to make us stand out from the rest?
We know that having regular access to credit is important but not everyone has a long and perfect credit history. Having a thin credit file or making poor credit decisions in the past should not mean that you can only access credit through guarantor loans and you do not need a guarantor to have a Polar Credit account.
We thought that all of the above was good but we wanted to do more to become the lender of choice for millions of borrowers in the UK. So what do we think makes Polar Credit really different?
Our commitment to proactively reduce the cost of borrowing for our loyal customers
Our interest rates are already lower than many other online alternatives but we didn't want to stop there. We believe that customers who use our product responsibly should be rewarded with lower cost credit.
On the first anniversary of your Polar Credit account opening we will reduce the interest rate that you pay by 10%. The change will become effective from your next statement period. We will then continue to reduce the interest rate that you pay by 5% every 6 months until it is lowered to 29.9% pa.
To give an example, a customer opening an account with us at 49.9% pa interest rate will see the rate reduced to 39.9% pa after being with us for a year, then reduced again to 34.9% pa after a further 6 months and lowered again to 29.9% pa 6 months after that.
Customer loyalty must be recognised and rewarded
We believe that loyalty should be rewarded and that responsible customers should automatically get access to lower cost credit. That is why we believe Polar Credit is truly different from everyone else! Open an account with us today and start your journey to cheaper credit.