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Don’t get left out in the coldpolar credit
the fast, simple credit line
£200 £2000 Representative Example: Amount of credit: £1200, interest rate: 49.9% pa (variable) and 1.65% transaction fee. Representative 68.7% APR (variable)

Information about Polar CreditInformation

How it works

Polar Credit is a new, simple way to get fast, accessible credit.


Apply online

Use our straightforward application form to apply for your Polar Credit Line.



Apply for a credit limit that works for you and, if approved, use it as and when you need to. If you don’t use it, you don’t pay for it.



Transfer money to your nominated bank account when you need it. You can transfer any amount over £25 as long as you make your payments on time and stay within your credit limit. We will initiate the transfer to your bank account straightaway and the funds should be with you shortly afterwards (the exact timing will depend on your bank's policies and procedures).



Our repayments are flexible to help fit your needs and your budget. Pay the minimum amount one month, repay more next month or repay your full balance at any time that you want. There are no early settlement fees and you can continue to make further transfers into your bank account at any time as long as you comply with the terms of your credit agreement.

What makes us different

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% pa. The change will become effective from your next statement period. We will then continue to reduce the interest rate that you pay by 5% pa 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.


All credit is subject to status and you will need to meet our creditworthiness and affordability criteria to be approved.

We will check your credit file as part of our assessment process which will leave a search footprint. We use TransUnion credit reference agency and you should contact them directly if you would like to know more about the information that they hold about you.

You may be offered a different credit limit and representative APR to any shown here as it depends on your individual circumstances.

You must make at least the minimum payment in each month you have a balance outstanding on your account. If you don’t, there could be severe consequences and we may:

  • Terminate the credit agreement, meaning you won’t be able to use Polar Credit anymore and you will be required to pay the outstanding balance under the credit agreement in a lump sum;
  • Report any missed payments to a credit reference agency which could make obtaining credit more difficult and expensive in the future;
  • Apply additional interest and charges (full details of these are set out in the credit agreement); and
  • Refer your account to a debt collector or take legal action against you to recover the money owed.

If you only make the minimum payment each month, it will take you longer to pay off the balance and will cost you more.

The rate of interest may be changed (up or down) in accordance with our credit agreement with you.

We may change your credit limit from time to time which may mean reducing your credit limit as part of our responsible lending assessment.

Ready to Apply?Polar Credit

Representative Example: Amount of credit: £1200, interest rate: 49.9% pa (variable) and 1.65% transaction fee. Representative 68.7% APR (variable)

£200 £2000