Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Please note - SafetyNet Credit are no longer an active lender. As such this page is no longer maintained and some of the information displayed here may now be inaccurate. To see our list of active lenders please click here.

Indigo Michael Limited (trading as SafetyNet) were placed into administration on 9th January 2023.

Who are SafetyNet Credit?

SafetyNet Credit is a trading name of Indigo Michael Ltd and are a direct lender based in London. They work in a different way to traditional loan companies. Instead of providing an instalment loan that needs to be repaid over a fixed period of time, customers are given a line of ongoing credit that can last for as long as they need.

SafetyNet Credit Loans

How much am I able to loan?

SafetyNet Credit allow first-time borrowers to borrow between £100 and £500. If you manage your credit facility well over time, they may increase your line of credit up to a maximum of £1,000.

What are the repayment terms of a SafetyNet Credit loan?

SafetyNet provide access to a permanent line of credit so there are no predetermined repayment terms.

Repayments are automatically taken out of your account on a monthly basis. They may also take more than your agreed minimum payment (£20), as stated in their terms and conditions. Be sure to read this through before committing.

You also have the option to use their Smart Top-ups option, which will automatically add money to your account to stop you falling into our overdraft, so you do not incur overdraft fees.

Interest on the credit is charged for a maximum of 40 days. Automatic repayments will also occur when your account balance increases by £50 or more, while also ensuring there is no less than £30 left in your account at any one time.

What sort of interest will I have to pay?

SafetyNet Credit’s representative APR is 68.70% with a variable annual interest rate of 292% (0.80% daily interest). This effectively means you are charged 80p per day for every £100 deposited each month.

Are there any late payment fees?

SafetyNet Credit do no charge any late payment fees.

How quickly can I receive the money?

Once approved and set-up, it can take anywhere between a few minutes and two hours to receive the funds, depending on your bank. New applications can also take up to 24 hours to receive a decision.

How do I apply for a SafetyNet Credit loan?

SafetyNet Credit have certain criteria each customer must meet in order to apply. This means you must be:

  • A UK resident
  • At least 18-years-old
  • Currently employed
  • Receiving a regular salary or income
  • The owner of a current account with internet banking

You apply for a SafetyNet Credit loan by completing their online application form. They will then run standard credit checks and may ask you to provide proof of income, address, ID and expenditure as part of their affordability tests.

Can you repay a SafetyNet Credit loan early?

Because there are no fixed terms for a SafetyNet Credit loan you can repay the amount borrowed as quickly as you like.

What’s the best way to contact SafetyNet Credit’s customer service team?

Customers can call 0800 169 4911 from Monday to Friday 8am to 7pm and on Saturdays 9am to 5pm.

They also have a Live Chat feature on their website, or you can email help@safetynetmail.co.uk and they will try to respond within 24 hours.

Is there a SafetyNet Credit app I can use?

Yes, the SafetyNet Credit app is available on both Google Play and iTunes stores. You can use this to manage your account if successful with your application.

Will SafetyNet Credit give me an online account?

Yes, in addition to the app SafetyNet Credit also give you an online account where you can make manual payments if needed.

Are SafetyNet Credit on social media?

Facebook: Homepage

Can I see SafetyNet Credit reviews online?

On Trustpilot SafetyNet Credit reviews are positive, with an ‘Excellent’ rating of 4.7/5 based on 17,215 reviews, as of January 2022.

Are Safety Net Credit authorised and regulated by the Financial Conduct Authority (FCA).

If you visit the FCA register you will find Safety Net Credit are one of the trading names for Indigo Michael Limited who have been authorised and regulated by the FCA since 25/8/16.

SafetyNet Credit summary

SafetyNet Credit work in a different way to some lenders, offering a revolving line of credit that is connected to your bank account. This means there are no minimum or maximum repayment terms for customers.

Their representative APR is 68.70% and offer an annual interest rate of 292% p.a. A minimum repayment of £20 each month is required (although more may be taken as per the T&Cs) and automatic repayments occur when more than £50 is received into your account.

You are given an app and an online account to manage your credit and you have the option to repay your loan in full at any time.

To apply for SafetyNet Credit loan they ask that you are:

  • Aged 18 years or older
  • Currently working
  • Taking home a regular income or salary
  • The owner of a bank account with internet banking capabilities
  • Living in the UK

SafetyNet Credit have a rating of 4.7/5 on Trustpilot and are currently regulated and authorised by the FCA.

CashLady Representative 79.5% APR

Representative Example

Amount of credit:
£1000 for 12 months
at £123.40 per month
Total amount repayable of £1,480.77
Interest: £480.77
Interest rate: 79.5% pa (fixed)
79.5% APR Representative

Warning: Late repayment can cause you serious money problems.
For help, go to moneyhelper.org.uk


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How much do you want to borrow? Representative 79.5% APR

CashLady Representative 79.5% APR