StepEx tuition finance
Finance options for your Shillington course
See the finance terms for your course and apply separately to StepEx.
Finance is optional and separate from your course application. Your credit agreement would be with StepEx Lender Ltd. Approval is subject to eligibility and affordability checks.
- StepEx Lender Ltd — authorised and regulated by the Financial Conduct Authority (FRN 824928)
- Make your StepEx loan repayments by direct debit
- Manage your StepEx agreement online
Finance terms by course
18 months: £171.00 a month
Representative example
Based on Motion, Shillington
- Duration
- 18 months
- Monthly payment (months 1 to 18)
- £171.00
- Each payment includes the £1.00 platform fee
- Cash price
- £3,060.00
- Total amount of credit
- £3,060.00
- Deposit
- £0.00
- Charge for credit
- £38.00
- Interest, 0% fixed rate
- £0.00
- Fixed credit charge, instead of interest
- £0.00
- Platform fee, £1.00 × 18
- £18.00
- Application fee
- £20.00
- Total amount payable
- £3,098.00
- Representative APR
- 1.6% APR representative
The £20.00 application fee is charged when you start identity verification and isn't refunded if your application is declined.
Your education provider may charge fees of its own, such as a reservation, admission or resit fee. These are paid directly to your provider and are not part of your StepEx finance and are not included in the figures shown. Check your education provider's website to confirm any and all fees they charge.
Finance terms may change for future applicants.
How it works
1. Get accepted onto your course
Have received acceptance onto your course from Shillington.
2. Apply separately to StepEx
StepEx completes identity, eligibility, affordability and credit checks before making a lending decision. An application fee applies when you start identity verification; the amount is shown in each example.
3. Review your documents before you sign
Your pre-contract information, explanation and credit agreement show your payments, term, charges and total amount payable.
4. StepEx settles your course fees
If you sign, StepEx settles your financed course fees with Shillington under its arrangement with them. You then repay StepEx monthly by Direct Debit and manage your agreement in the StepEx portal.
Before you apply
Eligibility and approval
To apply:
- you live in the UK
- you are applying for an eligible Shillington course
- you have a UK bank account that can set up a Direct Debit
- you pass StepEx's identity, affordability and credit checks
Approval is not guaranteed.
Costs and fees
- Fixed credit charge: some finance options include a fixed charge, added when the credit is provided, instead of interest. Each example shows whether it applies and how much it is.
- Deposit: some courses require a deposit, paid to Shillington and counted towards your course fees. It is not borrowed.
- Missed payments: if you miss a payment, charges may apply and it could affect your credit rating.
Managing your finance
- Your credit agreement is with StepEx Lender Ltd.
- Repayments are collected monthly by Direct Debit.
- Balances, documents and account management are in the StepEx online portal.
- For help, use the portal or contact StepEx.
If your circumstances change or you miss a payment
Contact StepEx as soon as possible if you are worried about making a payment. StepEx has a support process and will look at your circumstances. Missing payments could have severe consequences, including extra charges, and could make it harder or more expensive to borrow in future.
Your final documents and terms
Before you sign, StepEx gives you pre-contract information, an explanation of the agreement and the credit agreement itself. The figures in your documents are the ones that apply to you. You can withdraw from the credit agreement within 14 days of it being made. Withdrawing from the finance does not cancel your course place: speak to Shillington about your course.
Provider responsibility and your rights
Shillington does not provide credit or set repayment terms. The education provider is responsible for delivering the course. This does not affect any rights you may have against StepEx under applicable law or your credit agreement.
Regulated credit is provided by StepEx Lender Ltd, authorised and regulated by the Financial Conduct Authority (FRN 824928). Finance is subject to eligibility and affordability checks.
The education provider is responsible for delivering the course. This does not affect any rights you may have against StepEx under applicable law or your credit agreement.