Tappily Loans | www.tappily.co.uk Reviews

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Tappily Loans

About Tappily Loans

Tappily was launched from the Indigo Michael team in 2017 to compliment the successful SafetyNet brand. Tappily’s service is structured the same functioning as a revolving credit facility. The key difference is that the interest rate is lower (0.34% daily vs 0.8%). The loan amounts are also higher at £100 to £2500 vs SNC’s £100 to £500 (£1000 reloan). A further minor difference is that the interest cap is longer at 75 vs 40 days. This cap isn’t however important to factor in since repayments are taken at payday. You can instantly reloan, but this would trigger a new cycle and so you’d never reach the cap unless you weren’t receiving a pay packet or having £50 paid in.

The rollout of this revolving prime product made sense in order for the owner to target the business that is taken up by banks through credit cards and overdrafts. At the same time, there has been mounting pressure from Drafty who have packaged their own SafetyNet-styled alternative with lower interest. Tappily’s early sector growth was slow. It did seem that they weren’t attracting many visitors, but then across 2019 their Alexa rank spiked and continued to progress and they also started to attract more reviews on Trustpilot. Don’t forget that as with the case at SafetyNet, you’ll have access to your money pot 24/7 and will have the same protection built in to protect you from banking fees.

Company Details

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

Brand: Tappily (aka: Tapily)

Company: Indigo Michael Ltd

Contact (📧): customer.services@tappilymail.co.uk

Contact (☎): 0800 822 3400

FCA Licence: 715525

Launched: 2017

Niche: Credit line, payday, instalment

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

Related Brands: SafetyNet

Site Address: www.tappily.co.uk

Site Rank (Alexa.com Global): #621,058

Product Specs

Amounts Available: £100 to £2500 (all customers)

Late Payment Fee: £0

Manage: Yes, a Tappily login is provided

Pricing: £10.20 /£100 (1m) & £91.80 /£300 (3m) & £183.60 /£300 (6m)

Repayment Terms: 1 day to 12 months+ (any day between)

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: 90% (630+ count)

Rivals & Similar Lenders Like Tappily

If you are declined for a Tappily loan then it is likely that they’ll offer a small limit through SafetyNet. For those that have the opportunity to pick and choose, there are 2 rival credit line facilities available (Drafty & Polar). To compare their costs, Drafty’s are £5.40 /£100 (1m) & £97.20 /£300 (6m), whilst Polar’s are £6.60 /£100 (1m) & £95.29 /£300 (6m). There isn’t a big variation as you can see there. They’d perhaps be easier to manage as well since they don’t take payday repayments. Of course, if you are in a position to qualify for prime products then it would always make sense to seek out credit cards on 0% introductory deals.

Last Check @ www.tappily.co.uk: July 8th, 2021

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