Creditspring

Creditspring offers UK consumers a membership-based, interest-free loan product for unexpected expenses. Instead of charging interest, it charges a fixed membership fee spread over a 12-month agreement, with two advances per year under tiers named Step, Core, Plus and Extra.

Prospective members must be over 18, have a UK bank account older than three months, earn at least £14,000 a year and have no recent CCJs, IVAs or bankruptcies. The company's revenue comes from membership fees, and on-time repayments are reported to UK credit agencies. The site also lists free tools such as expert credit tips, a Benefits Finder and a Learning Academy.

The company is headquartered in London, at Paul Street in EC2A, and lists a Bengaluru office. Its current job openings are in London and Bengaluru across finance, data, design and people functions. The About page describes an advisory board but the founding year is not stated.

Product: Membership-based interest-free loans (two advances per year) repaid over 12 months with a fixed monthly membership fee; on-time repayments reported to UK credit agencies.