Loans like SafetyNet Credit

SafetyNet Credit provides a revolving line of credit so you can draw down small, short term loans whenever and wherever you need to. See which other lenders provide similar credit options.

With transfers in 15 minutes and even automatic funding when you’re close to your overdraft limit, SafetyNet Credit is dangerously convenient. But it’s always smart to shop around before you make a decision.

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.

Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

Online lenders that offer similar loans to SafetyNet Credit

NameEstablishedLoan types
SafetyNet Credit Facility SafetyNet Credit Facility 2015 Line of credit More info
Tappily Tappily 2017 Line of credit More info
Fund Ourselves (Welendus) Short Term Loan Fund Ourselves 2016 Peer-to-peer instalment loans Go to site
Creditspring Membership Creditspring 2018 Instalment loans through a membership scheme More info
Lending Stream Instalment Loan Lending Stream 2008 Instalment loans Go to site
Drafty Line of Credit Drafty 2015 Line of credit More info
Polar Credit Credit Line Polar Credit 2019 Line of credit More info
SteadyPay SteadyPay 2017 Instalment loans through a membership scheme More info

Unusually, SafetyNet Credit requests access to your online banking details in order to monitor your account, assess your credit worthiness and provide credit when you’re close to your overdraft limit (if that’s what you’ve asked it to do, via your dashboard). In fact, the convenient funding is primarily designed to prevent you being hit by unauthorised overdraft fees. Learn more about why some payday lenders ask for your internet banking logins.

Safety Net Credit’s facility uses a “read-only” connection to your account, but if you’re not happy about the idea of sharing your details, or if you’re been rejected by SafetyNet Credit, then you may be looking for another lender. Our loan calculator at the end of this page, allows you to compare the cost of payday or short-term loans from multiple lenders. Alternatively, above are some other loan companies like SafetyNet Credit.

The company that’s probably the most similar to SafetyNet Credit is its big sister brand, Tappily. However, since they’re effectively two different faces of the same parent company, if you’ve been rejected by SafetyNet Credit, Tappily is unlikely to offer you credit, and you may prefer to look at one of the other brands listed above.

A closer look at these lenders

Tappily logo

1. Tappily

Part of the same parent company as SafetyNet Credit, Tappily (read review) is a direct lender (not a broker), which, like SafetyNet Credit, offers an ongoing line of credit but could let you borrow up to £2,500. That's £1,500 more than SafetyNet Credit but with a lower representative APR of 49.7%. Like SafetyNet Credit, Tappily uses open banking as part of its approval process – analysing your bank account transactions to assess risk and affordability (you'll need to give it permission through your internet banking).

Tappily Representative Example: Amount of credit: £900. Interest rate: 0.34% per day for up to 75 days (25.5% (variable) per annum). Representative 49.7% APR (variable).

Fund Ourselves logo

2. Fund Ourselves

Next up, Fund Ourselves (visit site) is also a direct lender, which offers peer-to-peer instalment loans of up to £1,500 over terms of up to 6 months. That's £500 more than SafetyNet Credit (although for first-time users the maximum is £800) but with a lower representative APR of 504.7%. Peer-to-peer services bring together investors who want to lend money with borrowers who want to borrow money. In theory, peer-to-peer platforms have lower overheads and so can pass on lower interest rates.

Fund Ourselves representative example: Borrow £200 for 122 days at a rate of 208% p.a. (fixed). Representative 504.7% APR and total payable £286.62 in 4 monthly payments of £71.71.

Creditspring logo

3. Creditspring

Creditspring (read review) is another direct lender, which offers instalment loans through a membership scheme of up to £1,000 over terms of up to 12 months. That's the same maximum as SafetyNet Credit but with a lower representative APR of 54.6%. With credit membership schemes, you pay a weekly or monthly subscription fee and can then receive low-interest or no-interest loans when needed. You'll need to have been a member for a specified amount of time (often two weeks) before you can borrow money.

Creditspring representative example: Total amount of credit £1,000 repayable over 13 months. 12 monthly membership payments of £12. Rate of interest 0% p.a. (fixed). Representative 54.6% APR. The first repayment for each advance is £83.35, due 45 days after drawing, followed by 5 monthly repayments of £83.33. Total amount payable £1,144.

Lending Stream logo

4. Lending Stream

Lending Stream (visit site) is a direct lender which offers instalment loans of up to £1,500 over terms of up to 6 months. That's £500 more than SafetyNet Credit (although for new customers the maximum is £800) but with a lower representative APR of 1,333%. With instalment loans, you borrow for an agreed amount of time at a fixed interest rate, and pay back a set amount each month until the loan is cleared. You'll know in advance exactly how much your loan will cost and when it'll be cleared. Lending Stream also uses your banking transactions in its affordability and risk assessments.

Lending Stream representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.

Drafty logo

5. Drafty

Drafty (read review) is a direct lender which, like SafetyNet Credit, offers an ongoing line of credit but could let you borrow up to £3,000. That's £2,000 more than SafetyNet Credit but with a higher representative APR of 89.7%.

Drafty representative example: Borrow £1,200 for 12 months at a rate of 65.7% p.a. (fixed). Representative 89.7% APR and total payable: £1627.05 at equal instalments.

Polar Credit logo

6. Polar Credit

Polar Credit (read review) is a direct lender which, like SafetyNet Credit, offers an ongoing line of credit but could let you borrow up to £2,000. That's £1,000 more than SafetyNet Credit at the same representative APR of 68.7%. Polar Credit also uses your banking transactions in its affordability and risk assessments.

Polar Credit Representative Example: Amount of credit: £1,200, interest rate: 49.9% pa (variable) and 1.65% transaction fee. Representative 68.7% APR (variable)

SteadyPay logo

7. SteadyPay

Finally, SteadyPay (read review) is our last direct lender, which offers instalment loans through a membership scheme of up to £1,000. That's the same maximum as SafetyNet Credit but with a lower representative APR of 36.4%.

SteadyPay representative example: Total amount of credit of £1,000. 52 weekly membership payments of £7. Representative APR 36.4% and total payable: £1,364.

Estimate the cost of your loan

Table: promoted deals, sorted by total payable

As well as comparing short-term loans with other types of credit, before you apply for a loan it’s a good idea to shop around and compare a range of lenders. You can use the table below to get an idea of how much the loan that you have in mind might cost.

How much do you need to borrow?


How long do you need to borrow for?


Name Product Available Amounts Monthly repayment Total payable Link
Lending Stream Instalment Loan
£50 to £1,500
Go to site
More Info
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.
The Money Platform Short Term Loan
£250 to £1,000
Check eligibility
More Info
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.
QuidMarket Short Term Loan
£300 to £1,500
Go to site
More Info
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1297.6% and total payable: £454.37 in 3 instalments of £151.46.
Mr Lender Short Term Loan
£100 to £1,000
Go to site
More Info
Representative example: Borrow £300 for 6 months at a rate of 292% p.a. (fixed). Representative APR 1,256.4% and total payable £552.00 in payments of £122.00, £110.00, £98.00, £86.00, £74.00, and £62.00.
With this loan your monthly repayment decreases over time. Our 'Monthly repayment' above is a representative figure designed to help compare lenders side by side.
Moneyboat Short Term Loan
£200 to £1,500
Go to site
More Info
Representative example: Borrow £400 for 4 months at a rate of 255.5% p.a. (fixed). Representative APR 939.5% and total payable: £597.48 in 4 payments of £149.37.
Fund Ourselves (Welendus) Short Term Loan
£100 to £1,500
Go to site
More Info
Representative example: Borrow £200 for 122 days at a rate of 208% p.a. (fixed). Representative 504.7% APR and total payable £286.62 in 4 monthly payments of £71.71.
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Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

We compare payday/short-term loans from

Lending Stream Instalment Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
Mr Lender Short Term Loan
Moneyboat Short Term Loan
Fund Ourselves (Welendus) Short Term Loan
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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