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Alternative To SafetyNet Credit

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Representative Example: Borrow £300 for 6 months. 6 repayments of £84.58. Total amount payable £507.48. Interest rate: 138% pa (fixed). Representative APR: 835.85%

Direct Lender

Loans Like SafetyNet

As there are many different types of lenders available online, choosing between a short term loan or a line of credit agreement can be difficult. Loans like SafetyNet credit provide a credit limit to borrow within, so if you prefer the structure of a loan, you will want to look at your alternative options. Here at Fast Loan UK, we can provide a small cash loan to cover a short term situation such as an unexpected bill. If you are in between paydays and do not have the savings or credit to resolve it, we can provide a fast application process with same day approval.

To see if you are eligible today, click apply now and choose the loan amount and repayment terms you want. We can offer loans up to £2,000, with a maximum of £800 for new customers, and provide a decision in minutes. To learn more about alternative loans like SafetyNet, read on below and how we differ at Fast Loan UK.

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About Moneyboat

Who Are SafetyNet?

SafetyNet helped customers apply for a line of credit. This was where an agreed credit limit was provided for successful applicants of up to £1,000. As they worked differently from the traditional structure of a loan, customers borrowed within the agreed credit limit, which worked similarly to an overdraft or credit card agreement. Loans like SafetyNet could have both automatic and manual repayments set up depending on a customer’s preference, with automatic payments taken whenever there were available funds. This worked by customers agreeing to connect their bank account to SafetyNet and could mean the full balance being taken if funds were available to do so.

As a line of credit was a flexible way to borrow money when you needed it, it didn’t work the same way as a payday loan agreement. At Fast Loan UK, we do not provide customers with a credit limit, and we also do not require access to your bank account, only requiring a Continuous Payment Authority (CPA) for repayments. Our loans have a clear repayment term and amount, so you can fit this around your circumstances and what you can afford to pay. This makes borrowing what you need and repaying the loan clear and simple, so you’ll know how long it will take to repay before proceeding. There are no hidden fees or extra costs with our loans, and the daily interest charge is capped in line with Financial Conduct Authority (FCA) guidelines.

If you prefer to have a clear repayment term rather than monthly minimum repayments on a line of credit, we can help you and provide a fast solution. Use our loan calculator to choose the terms you need and click apply now.

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Responsible Lender

How To Choose Loans Like SafetyNet

Depending on your circumstances, being able to choose a flexible borrowing option can help you resolve a financial emergency fast. If you have little in terms of savings and no other options for credit to help cover the costs, choosing a suitable lender option quickly can be overwhelming. As loans like SafetyNet credit provide a limit, the amount you borrow is up to you, as long as it is within the agreed amount. However, this means repayments work similarly to a credit card and if you only pay the minimum payment on your monthly statement, it will take much longer to repay.

That’s why at Fast Loan UK, we prefer our customers to have clear repayments for the total duration. This means if you choose a 3 month loan term with us, for example, that’s how long it will take to repay and settle the loan. We know that some customers prefer to have this structure especially when it comes to high-cost short-term borrowing, helping to understand the total cost of the loan amount they choose. It’s best to understand the different lending options available and choose the one that best fits your circumstances.

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Loan Types

Alternative Loan Options at Fast Loan UK

There are many reasons to apply for a loan through us today, including:

  • Quick application process
  • Loans up to £2,000, maximum of £800 for new customers
  • Choose flexible loan repayments of up to 12 months
  • Fully transparent terms with no hidden fees
  • Same day cash once the loan is approved
  • Fully online application – no home visits required
  • Applicants with a poor credit history welcome
  • Dedicated Customer Care Manager for every applicant
  • No access to your bank account like a line of credit – only a CPA for repayments

We want to help those who have struggled to get credit elsewhere find an affordable loan with our alternative options. No confusing terms and a simple application mean quicker cash to resolve your short term financial position. With our loans like SafetyNet, we always put our customers first and try to help those with poor credit find an affordable option that works for them.

Representative example:

Borrow: £500 over 16 weeks. 4 repayments of £183.59. Total amount payable £734.36. Interest rate: 151.4% pa (fixed). Representative 766.18.% APR.

How to Apply at Fast Loan UK

Ready to apply today? You will need to meet the following requirements first. We do not provide guaranteed acceptance, but our eligibility criteria below means we can help many more people when they need it most.

  • Be aged at least 18 years old
  • Be a current UK Resident
  • Be in Full-time, Part-time or Self-Employment
  • Receive a Regular Income
  • Be able to Provide Bank Account and Debit Card details.

As an FCA approved lender of direct loans, we work to responsible lending guidelines and ensure only applicants who can afford the loan are approved. We will decline and application from nyone in current financial difficulties, but only after careful assessment of your credit history that includes credit and affordability checks. If we can determine the loan is affordable and can be maintained, we should be able to approve your loan and send across your online loan agreement to sign.

If successful, we’ll transfer the approved funds the same day for you to use, so click apply now to start an application today and see how we can help you.

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For Your Information

SafetyNet Alternative Loan FAQs

Below you will find answers to frequently asked questions we receive on a regular basis. For anything else, please contact us. 

Do Loans Like SafetyNet Credit Connect to My Bank Account?
Should I Choose a Line of Credit Instead of a Loan?
Can I Borrow More than £500 as a New Customer?
Flexible Loan Options

Other Loans We Offer at Fast Loan UK

We offer a range of flexible loan options at Fast Loan UKso you can choose the amount, type, and repayment length that works for you.  

Read More From Our Experts

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