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SafetyNet Loans | Reviews

SafetyNet Loans

About SafetyNet Loans

Firstly, this lender has recently rebranded to SafetyNet although they have kept the Credit name in their new URL of (was This is a company that has shown great innovation in short term lending in a similar fashion as seen with Wonga. They clearly haven’t imitated Wonga’s trajectory in becoming a household name, but to be fair they haven’t poured their profits into TV ad campaigning and sponsorships. More natural growth has been seen here, but they have attracted close to 500,000 customers. SafetyNet’s owner (Indigo Michael Ltd) started out life in 2012 through the launch of ClearAccount. SafetyNet’s launch followed in 2014, whilst ClearAccount became a financial tool and ended up being sold on. A further project (Tappily) was rolled out in 2017. This is a prime alternative delivering higher sums and lower interest.

As a credit line facility, you’ll be granted access to your determined limit 24/7. There is no need to reapply, you can instantly request more money when needed and repay across any short term. Whilst £100 is the minimum limit, once approved you can advance from just £20 inwards (moving £1 upwards). Overdraft protection is also built in to protect from excessive bank fees. There is an interest cap of 40 days that is handy if you lose your job, but repayments are taken when you’re paid that overrides this. Do note that online banking usage is required for all applicants. The lender is only permitted with read-only access that must be renewed every 90 days.

Company Details

Address: PO Box 1515, High Wycombe, HP11 9JE

Brand: SafetyNet (aka: SafetyNet Credit, SafetyNetCredit, SNC)

Company: Indigo Michael Ltd

Contact (📧):

Contact (☎): 0800 180 8400

FCA Licence: 715525

Launched: 2014

Niche: Credit line, payday, instalment, personal

Opening Hours: Mon/Fri (8am-7pm), Sat (9am-5pm)

Related Brands: Tappily

Site Address:

Site Rank ( Global): #1,139,443

Product Specs

Amounts Available: £100 to £500 (£1000 on reloans)

Late Payment Fee: £0

Login Provided: Yes

Pricing: £24 /£100 (1m) & £216 /£300 (3m) & £432 /£300 (6m)

Repayment Terms: 1 day to 12 months+

*Auto repayments are taken at payday or when £50 is paid in. When this happens you are pre-approved to instantly reloan for longer terms

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: 92% (12,880+ count)

Rivals & Similar Lenders Like SafetyNet

SafetyNet’s biggest rival is Drafty who have been showing excellent growth themselves. Drafty is the only competitor that offers a credit line facility. It’s just a shame that they are very picky with who gets the green light for approval. If your score isn’t low then it may be worth applying for Tappily first of all for an improved rate and more funding. If they say no, then they’ll likely push on SNC as a backup offer for you. The rivals closely linked for popularity are CashFloat and Ferratum who have each been growing impressively over the past several months. Cash Asap are also a good fit when you are seeking flexible short terms where you can select the repayment day.

Last Check @ February 12th, 2020

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 4 reviews
by Josh on Reviews

Safety Net are a great lender as you don't have to apply each time you need a new loan. Not super cheap, but very handy facility to have.

by andy on Reviews

service is great but i never get limit increases

by Andy on Reviews

Very handy service for me. Recommended!

by Andy on Reviews

Great company. Was hesitant at first about handing over my bank details, but there have been no issues at all. The customer support team is also very helpful. Cheers, Andy.