SafetyNet Credit

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.