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Looking for a SafetyNet Loan?

With a Creditspring loan what you see is what you get.


No extra fees, no interest


Transparent and fixed pricing

Representative for total amount of £1000/year, Rate of interest 0% p.a. (fixed). 43.1% Rep. APR Total amount payable £1,120.

Overview of SafetyNet

SafetyNet is a payday loan alternative. It provides flexible credit, including automatic top-ups when you are about to go into your overdraft and borrowing at any time. It takes a few minutes to access the credit you are accepted for. Automatic debt repayments are taken when new money comes into your bank account and are not limited to your minimum payment. With a 32% annual interest rate and 68.7% REP APR, any money borrowed will cost more to repay over a longer period of time. These payments will be recorded on your credit file and could affect your credit score.

More reasons to choose Creditspring vs SafetyNet


Rep APR 43.1% 68.7%
Fixed fee
Credit builder

How much can you borrow with SafetyNet?

With SafetyNet, you can borrow up to £1000. However, new customers can only borrow up to £500, with the £1000 only being offered after continued use. How much you can borrow depends on your credit history - those with poor credit history or little to no credit history will be given a lower credit limit than those with good credit history. Both automatic and manual payments are accepted by SafetyNet, with a minimum of £20 for manual repayments. If you only pay the minimum monthly fee, the interest will build up and you’ll be required to pay more. Instead of offering a fixed membership fee, SafetyNet charges interest by the day - at 0.8% on all amounts borrowed, which equates to 32% variable per year and a 68.7% variable REP APR. For example, to borrow £100, you would pay up to £132.

How does a Creditspring loan work?

Focused on helping people build financial stability, Creditspring was founded in 2016 to provide financial reassurance without the risk of a debt spiral. Creditspring provides cash when you need it and peace of mind when you don’t with no-interest credit building loans (REP APR 43.1%) and monthly health check-ups. Anyone can apply as there are options to suit everyone - whether you want help building your credit, a small loan or insurance against unexpected expenses. You’ll never be charged interest on our fixed-fee loans. Instead, we charge a small membership fee that allows you to access the loans - think of us as the Netflix of money. Our membership model allows us to provide you with a clear understanding of what you’re borrowing and how much you owe; you’ll never be charged more than you were expecting, and our fixed-fee lending eliminates the opportunity for spiralling into debt. Paying a small monthly fee has another incredible benefit - it builds your credit. Instead of resorting to credit cards, simply becoming a Creditspring member and paying the monthly fee has a positive impact on your financial health, as the payments are recorded on your credit file and can boost your credit score.

Why is Creditspring a better alternative than SafetyNet?

If you’re looking for a loan that doesn’t charge a daily interest, then Creditspring is a great alternative to SafetyNet. All our memberships will help you build your credit score This means you will not be charged for anything that is not stated on your account. At Creditspring we aim to work with our members in order to reach their financial goals. We charge a small membership fee each month- that is dependent on the membership you are eligible for. With a Step Membership you will pay £5 per month and have access to £100 for the first advance and £200 for the second advance (REP APR 87.5%). With a Core Membership you will pay £8 per month and have access to £250 for the each advance (REP APR 77.3%). With a Plus Membership you will pay £10 per month and have access to £500 for each advance (REP APR 43.1%). Reporting both your monthly membership fee and repayments to credit rating agencies you can build your credit with any of our memberships.

Skip all the confusion that comes with calculating daily/monthly interest and late fees! At Creditspring everything is clearly stated for you and you will receive regular reminders, so you can stay in control of your financial health. Start your journey with Creditspring today and start building your credit for a brighter future.

Use our free eligibility checker to see if you’ll be accepted