SafetyNet

SafetyNet offer short-term finance up to £500 at a representative APR of 68.7% (variable). They don’t have specific loan terms or monthly repayments as this credit line style of finance is flexible and takes into account how much you can afford to repay.

These payments can be made manually via the online management tool at any time, or automatically as money comes into your account. SafetyNet will not automatically withdraw funds if it looks like it will trigger another credit instalment, or would take you beyond your overdraft limit.

How does the finance work?

The finance works by linking up with your bank account and once your balance falls below a predetermined amount, SafetyNet will automatically lend you money in order to prevent the borrower from dipping into their unauthorised overdraft and incurring penalty fees. Customers can also borrow from their account manually by logging into their dashboard and selecting how much they want to borrow from their credit line.

In order to apply with SafetyNet, you must have a UK bank account with online banking facilities in your name. You are not required to have a good credit history, however as part of your application with SafetyNet you will be subject to credit checks, this will contribute to the amount of credit they can offer you.

Why choose SafetyNet?

Find out if you're eligible for a loan today

or view SafetyNet short term loans today.