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Tappily Loans | Reviews

Tappily Loans

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.

Company Details

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

Brand: Tappily (aka: Tapily)

Company: Indigo Michael Ltd

Contact (📧):

Contact (☎): 0800 822 3400

FCA Licence: 715525

Launched: 2017

Niche: Credit line, payday, instalment, personal

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

Related Brands: SafetyNet

Site Address:

Site Rank ( Global): #3,962,342

Product Specs

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

Review Feedback

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 @ February 12th, 2020

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