Loans like Tappily

Tappily offers an ongoing line of credit that you can lean on when you have an unexpected shortfall. Here are similar lenders shaking up the short term credit market.

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 Tappily

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

A closer look at these lenders

Creditspring logo

1. Creditspring

Creditspring (visit site) is a direct lender (not a broker), which offers instalment loans through a membership scheme of up to £1,000 over terms of up to 12 months. That's £1,500 less than Tappily but with a lower representative APR of 43.1%. 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 of £1,000 over 12 months. The first payment for each advance is £83.35 followed by 5 monthly repayments of £83.33. 12 monthly membership payments of £10. Rate of interest 0% p.a. (fixed). Representative APR 43.1% and total payable: £1,120.

Lending Stream logo

2. Lending Stream

Next up, Lending Stream (visit site) is also a direct lender, which offers instalment loans of up to £1,500 over terms of up to 6 months. That's £1,000 less than Tappily (although for first-time users 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. Like Tappily, Lending Stream 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).

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.

The Money Platform logo

3. The Money Platform

The Money Platform (check eligibility) is another direct lender, which offers peer-to-peer instalment loans of up to £1,000 over terms of up to 3 months. That's £1,500 less than Tappily but with a higher representative APR of 839.2%. 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.

The Money Platform 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.

SafetyNet Credit logo

4. SafetyNet Credit

Part of the same parent company as Tappily, SafetyNet Credit (read review) is a direct lender which, like Tappily, offers an ongoing line of credit but could let you borrow up to £1,000. That's £1,500 less than Tappily (although for new customers the maximum is £500) but with a higher representative APR of 68.7%. SafetyNet Credit also uses your banking transactions in its affordability and risk assessments.

SafetyNet Credit representative example: Borrow £500 at a rate of 0.8% per day for up to 40 days (292% p.a., variable). Representative 68.7% APR variable.

Drafty logo

5. Drafty

Drafty (visit site) is a direct lender which, like Tappily, offers an ongoing line of credit but could let you borrow up to £3,000. That's £500 more than Tappily but with a higher representative APR of 89.7%.

Drafty representative example: Borrow £1200 for 12 months at a rate of 65.7% p.a. (fixed). Representative 89.7% APR and total payable: £1601.40 at equal instalments.

Polar Credit logo

6. Polar Credit

Polar Credit (read review) is a direct lender which, like Tappily, offers an ongoing line of credit but could let you borrow up to £2,000. That's £500 less than Tappily but with a higher 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: £1200, 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 £1,500 less than Tappily but with a lower representative APR of 20.8%.

SteadyPay representative example: Total amount of credit of £1,000. 52 weekly membership payments of £4. Representative APR 20.8% and total payable: £1208.

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.

More guides on Finder

  • Loans like Polar Credit

    Polar Credit is the new short term lender on the block, offering an ongoing line of credit to cover unexpected shortfalls. Discover other companies like Polar Credit, offering innovative short term borrowing facilities.

  • Loans like Credio

    Credio was a popular source of short-term credit online until the lender stopped issuing loans in 2018.

  • Free loan eligibility checker

    Find out the best rates and terms available to you from a panel of lenders, without hurting your credit score, with our free loan eligibility checker.

  • Loans like On Stride

    Check out our list of loan providers offering similar products and services to On Stride so you can compare them side by side.

  • Compare personal loans for self-employed applicants

    Working for yourself sometimes means fluctuating income. Find out which lenders could approve you while you’re self-employed, what you’ll need to apply plus tips designed to increase your chances of success.

  • Compare sites like OppLoans

    OppLoans features installment loans with varying repayment terms. Find other providers like them.

  • Loans like Likely Loans

    Browse companies offering similar products and services to the specialist lender Likely Loans.

  • Sites like Creditspring

    Creditspring offers you 2 interest-free loans per year in return for a monthly subscription fee. Find out who else is shaking up the short-term loans market.

  • Sites like StepStone Credit

    StepStone Credit’s ongoing credit facility let you drawdown funds when it suited you and repay with flexible terms. Find out who else is offering a fresh take on payday-style loans.

  • Compare bad credit, no guarantor loans

    Looking to borrow money without using a guarantor? It’s possible, even if you have a bad credit score

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site