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What is a credit line?

A credit line is an ongoing form of credit which you can use to borrow money as and when you need it. As long as you comply with the terms of your credit agreement, you can transfer any amount of £25 or more, up to your credit limit, at any time. Customers can personalise their credit line borrowing according to their changing needs.

At Polar Credit we offer a new solution to your credit needs

Polar Credit offers an affordable and flexible credit line to access funds on demand.

How does it work?

Customers apply for a credit limit through a straightforward online application form. If the application is approved, the money can be transferred to a nominated bank account as and when needed. Interest is paid only on the amount of money drawn out of the credit line, not on the total credit limit agreed, and repayments can be tailored based on current financial circumstances with only a minimum payment being a mandatory requirement each month. The lender oversees the amount of interest and repayment terms associated with the credit line.

The benefits

The limitations

How can Polar Credit help?

We created Polar Credit to provide you with access to credit in a fast, easy and transparent way. Polar Credit is a revolving credit facility that you can use to help with your expenditure. Applying for an account with us lets you withdraw funds when you need to, with cash transferred to your bank account within minutes, if you are approved.

We know what matters to customers when they are looking for credit – a simple online application form, a quick decision and fast access to cash. Our credit line brings all of this together, but in a product that also comes with a much lower interest rate than payday or short term loans. Find out more here.

More information

What is Polar Credit?

What are the application criteria for a Polar Credit Line?

How do I apply?

More questions? Check out our FAQs or Contact Us.

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