Rating based on 23 reviews

SafetyNet Credit – Quick loans

Updated

SafetyNet Credit homepage

Author SafetyNet Credit. Screenshot of SafetyNet Credit website. [Accessed September 4, 2019]

About SafetyNet Credit

SNC provides a revolving line of credit limits up to £500 (£1 000 for existing users).

If approved, your obtainable credit limit is there to use whenever you need it, no need to apply again. T

Short-term credit

At SafetyNet Credit authorises you to get a short-term loan, whilst providing a fantastic new service that is typically an affordable alternative to bank unauthorised overdraft and penalty fees. Our unique credit facility observes your account and when your balance drops to a pre-agreed level, we can instinctively loan your capital to stop falling into your unauthorised overdraft and incurring charges.

What you need to know about SafetyNet Credit

By loaning from SafetyNet Credit you are taking on a monetary commitment. Failure to make payments or missed payments could have a pessimist impact on your credit history and adversely affect your capacity to gain credit (including mortgages).

SafetyNet Credit Services

If you apply for a SafetyNet Credit facility, you must pass credit, affordability, identification confirmation and anti-capital laundering checks.

When you first set up your SafetyNet Credit provision, you will acquire a credit limit between £100 and £500.

You can qualify for a bad credit loan

The size of your credit line is resolute by your previous credit history, income and affordability. Your credit limit may change based on your payback history and changes to your personal monetary circumstances. You are free to lessen your credit limit at any time on request. Talk to us today about a bad credit loan option.

Responsible lending is important

It is imperative that you do not take on more loaning than you can afford. You are required to make at least your covenant minimum repayments for the month to prevent you from going into indebtedness. If you are concerned about your monetary circumstances you should seek debt consolidation.

SafetyNet Credit Product Details

  • Loan Type Quick loans

Summary of Services

  • Affordable Loans
  • Flexible Loans
  • Short-term Loans

We provide you with flexible repayment terms

For each credit instalment, you can be confident that the maximum total cost is fixed to the interest on 40 days loans.

Which means for each £100 credit instalment, the maximum amount of interest charged would be £32. This way funds cannot spiral out of control in the event of finding yourself in unexpected capital difficulties, lets us help you grow your business with an affordable business loan.

Repayments and loan terms

SafetyNet Credit’s automatic payback rules persuade you to pay off your SafetyNet balance at the earliest available opportunity, minimising the interest you need to repay. We take payment once you can afford to pay back the loan and there is enough capital in your bank account.

If your new bank balance doesn’t cover the borrowed amount in full, we may take a part payment to lessen your balance owed and interest charged. You can choose to make repayment at any time from your SafetyNet Credit dashboard. Part payments are also feasible. We will apply these instantly against the amount you owe so that you can keep your interest to a minimum.

Your right to withdrawal

As set out the credit agreement, all clients have the right under section 66A of the Consumer Credit Act 1974, to withdraw from an agreement for a period of 14 days beginning with the day when they receive the executed copy of the agreement and ending 14 days after the date.

Our service demands read-only access to your internet banking be regarded for a facility. If you are given a facility we analyse your balance and transactions on a daily basis and monitor any changes in your monetary status.

Pricing and fee clarity

It is free to set up a SafetyNet Credit facility you will sustain no cost if you do not borrow using SafetyNet Credit's Capital management tools free. If you use your SafetyNet Credit facility to acquire credit, either by automatic top-ups or whether you choose, you will be charged 80p per £100 deposited per day.

Customer Reviews & Testimonials

May 2019

The service is quick. Safety Net Credit is a reliable lender

Max H
— Bristol —

January 2019

I called the customer care because I was encountering the problem on their website. The lady I spoke to promised to call me in few minutes and she did.

Hein P
— London —

SafetyNet Credit Contact Details

Physical Address

Opening Hours

  • Monday 08:00 – 19:00
  • Tuesday 08:00 – 19:00
  • Wednesday 08:00 – 19:00
  • Thursday 08:00 – 19:00
  • Friday 08:00 – 19:00
  • Saturday 09:00 – 17:00
  • Sunday – Closed