Update (Feb 2020):
Comparison listings are currently being updated.
Tappily Loans | www.tappily.co.uk Reviews
About Tappily Loans
Tappily was launched by Indigo Michael in 2017 to compliment the successful SafetyNet Credit brand. Tappily’s service is structured the same 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 days 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 contract 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 compete more against overdrafts and leading payday loans. At the same time, there has been mounting pressure from Drafty who have been attempting the same thing. Tappily’s early sector growth was very slow. It did seem that they weren’t attracting many visitors at all, 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.
Address: PO Box 1515, High Wycombe, HP11 9JE
Brand: Tappily (aka: Tapily)
Company: Indigo Michael Ltd
Contact (📧): firstname.lastname@example.org
Contact (☎): 0800 822 3400
FCA Licence: 715525
Niche: Credit line, payday, instalment, personal
Opening Hours: Mon/Fri (8am-7pm), Sat (9am-5pm)
Related Brands: SafetyNet
Site Address: www.tappily.co.uk
Site Rank (Alexa.com Global): #3,962,342
Amounts Available: £100 to £2500
Late Payment Fee: £0
Login Provided: Yes
Pricing: £10.20 /£100 (1m) & £91.80 /£300 (3m) & £183.60 /£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
Feefo: Not listed
Reviews: Not listed
Trustpilot: 84% (170+ count)
Rivals & Similar Lenders Like Tappily
If you are declined for a Tappily loan then it is likely that they’ll offer a small credit limit through SafetyNet. For those that have the opportunity to pick and choose, Drafty is the most competitive rival service and the only other external credit line option. Drafty’s interest rate is actually lower. To highlight pricing variations, if you borrowed £100 monthly they’d charge £5.40 vs £10.20 here. At 6 months for £300 you’d pay £97.20 there vs £183.60 here. It also helps that 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: February 12th, 2020
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