diff --git a/static/js/stream_create.js b/static/js/stream_create.js
index bf3332b1c3..3283e9c8e8 100644
--- a/static/js/stream_create.js
+++ b/static/js/stream_create.js
@@ -90,6 +90,7 @@ function ajaxSubscribeForCreation(stream_name, description, principals, invite_o
             $("#create_stream_name").val("");
             $("#create_stream_description").val("");
             $("#subscriptions-status").hide();
+            loading.destroy_indicator($('#stream_creating_indicator'));
             // The rest of the work is done via the subscribe event we will get
         },
         error: function (xhr) {
@@ -104,6 +105,7 @@ function ajaxSubscribeForCreation(stream_name, description, principals, invite_o
             // TODO: This next line does nothing.  See #4647.
             ui_report.error(i18n.t("Error creating stream"), xhr,
                             $("#subscriptions-status"), 'subscriptions-status');
+            loading.destroy_indicator($('#stream_creating_indicator'));
         },
     });
 }
@@ -158,6 +160,8 @@ function create_stream() {
     var announce = (!!page_params.notifications_stream &&
         $('#announce-new-stream input').prop('checked'));
 
+    loading.make_indicator($('#stream_creating_indicator'), {text: i18n.t('Creating stream...')});
+
     ajaxSubscribeForCreation(stream_name,
         description,
         principals,
diff --git a/static/styles/subscriptions.css b/static/styles/subscriptions.css
index f71da79116..6d95ce4d98 100644
--- a/static/styles/subscriptions.css
+++ b/static/styles/subscriptions.css
@@ -768,6 +768,21 @@ form#add_new_subscription {
     margin: 0px;
 }
 
+#stream_creation_form #stream_creating_indicator:not(:empty) {
+    position: absolute;
+    width: 100% !important;
+    height: calc(100% - 105px) !important;
+    display: flex !important;
+    justify-content: center;
+    align-items: center;
+    background: hsla(0, 0%, 100%, 0.9);
+    z-index: 1;
+}
+
+#stream_creation_form #stream_creating_indicator .loading_indicator_text {
+    font-weight: 400;
+}
+
 #subscription_overlay .inner-box {
     margin: 20px;
 }
diff --git a/static/templates/subscription_creation_form.handlebars b/static/templates/subscription_creation_form.handlebars
index bc3fc1b1c7..c61c812cfe 100644
--- a/static/templates/subscription_creation_form.handlebars
+++ b/static/templates/subscription_creation_form.handlebars
@@ -1,6 +1,7 @@
 <div class="hide" id="stream-creation" tabindex="-1" role="dialog"
     aria-label="{{t 'Stream creation' }}">
     <form id="stream_creation_form" class="form-inline">
+        <div id="stream_creating_indicator"></div>
         <div class="stream-creation-body">
             <section class="block">
                 <div class="stream-title">