How Does Safety Net Credit Work
Download our free app manage your account borrow from your credit limit and repay at any time whilst on the move.
How does safety net credit work. When your balance increases in your linked account by at least 50 an automatic repayment will happen. Borrow any amount up to your credit limit in a matter of minutes. This means you will be charged 80p per 100 deposited per day. If you borrowed 200 for 4 days you would be charged 1 60 interest per day and the total interest would be 6 40.
Download our free app manage your account borrow from your credit limit and repay at any time whilst on the move. By borrowing from safetynet you are taking on a financial commitment. Safetynet credit has a representative apr of 68 7 capped at 40 days. You must be over 18 have a uk address a uk current bank account with online banking and.
They charge 0 8 interest per day on borrowed money for up to 40 days. Failure to make payments or missed payments could have a negative impact on your credit history and adversely affect your ability to gain credit including mortgages. How safetynet works applying. This reduces your balance with safetynet minimising the interest you pay.
Safetynet offers a permanent revolving line of credit with no minimum or maximum repayment terms. How much can i borrow.