What is Credit Flex?

Credit Flex is a short-term loan that must be paid back in 4 or 6  fixed instalments, over 4 or 6  months. The loan can be used for:

• Previous payment – to increase your balance

• Upcoming payment* – to split it into smaller repayments

*You must first have the money available in your main account to cover this. Once you make the payment, you'll receive your Credit Flex loan.

Credit Flex is available only for eligible transactions with a:

• Minimum amount of a single loan is £5100

• Maximum transaction amount is not fixed

Credit Flex loans count towards your total credit limit with Tide, and the maximum will vary depending on how much of that limit is still unused.

If you don’t see the option to use Credit Flex for a transaction, it’s not eligible.

What's the difference between Instant Loan and Credit Flex?

The main difference lies in how you access the funds and your commitment. With:

• Instant Loan – choose a fixed amount for your loan, up to your limit. You'll have repay it within 12 months

• Credit Flex – pay for or "cover" specific eligible transactions. This loan is either 4 or 6 months

Both loans share the same interest rate of 3.3% monthly against the outstanding balance. Credit Flex loans can sometimes have a 4.25% monthly interest, based on eligibility.