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How SafetyNet Credit works

SafetyNet Credit is straightforward to use - find out all the details here.


Need help?
Call 0800 180 8400 or contact us

Representative Example:

0.8% per day
for up to 40 days (292% per annum, variable)
68.7% APR (variable)
For free independent money advice, see moneyadviceservice.org.uk
SafetyNet Credit offers a permanent revolving line of credit with no minimum or maximum repayment terms. Representative 68.7% APR.

SafetyNet Credit costs

Straightforward interest costs

  • Our costs are clear and simple: We charge 0.8% per day for anything you borrow. For example: If you borrow £150 for 4 days, the interest per day would be £1.20 and the total interest would be £4.80
  • Interest is charged on a daily basis including the day we lend to you and you receive funds in your account

Current outstanding balance

You can view your balance at any time by logging in to SafetyNet Credit and checking your dashboard.

Repaying your balance

  • When you borrow money from SafetyNet Credit, the full amount you owe does not have a set payment date although there is a minimum monthly repayment
  • Our repayment systems are designed to operate automatically to minimise the period of borrowing. If you receive funds into your account from someone other than SafetyNet Credit and you have sufficient available funds to make repayment whilst leaving you with a buffer to meet other commitments, then repayment is automatically made to repay the full outstanding balance or as much of this as we can see you can afford whilst leaving you with a buffer above your SafetyNet Level
  • Repayment to us at the earliest possible point means you pay less interest
  • Please note, we will always leave you with a buffer above your SafetyNet Level and no repayment taken by us should ever take you into your unauthorised overdraft
  • If a repayment we take when combined with other commitments does create a problem for you or give you financial difficulties, then please contact us immediately and we will endeavour to remedy the situation or point you in the right direction to obtain help and guidance

What you see is what we’ll charge

  • You are only charged interest on the money you borrow
  • We never add any hidden charges such as transaction fees, early repayment fees, interest on interest, subscription or sign up fees