Tappily Loans: Everything you need to know

Tappily is a UK-based financial institution that offers a range of loan options to individuals in need of short-term credit. With a focus on providing accessible and affordable lending solutions, Tappily has become a popular choice for those seeking financial assistance. 

In this article, we will talk all about Tappily loans in the UK, exploring the benefits, features, and requirements of their services.

History and Background

Tappily was launched in 2017 as a sister company to SafetyNet Credit, another well-established financial institution in the UK. The company’s mission is to provide customers with a flexible and affordable way to manage their finances, offering a range of loan options to suit individual needs. 

With a focus on transparency and customer satisfaction, Tappily has built a reputation for providing reliable and responsible lending services.

How Tappily Loans Work

Tappily loans are designed to provide customers with access to a revolving credit facility, allowing them to borrow and repay funds as needed. The process is simple and straightforward, with customers able to apply for a loan online or through the Tappily mobile app. 

Once approved, the loan is deposited directly into the customer’s bank account, and they can then use the funds as needed.

Features and Benefits

Tappily loans offer a range of features and benefits that set them apart from other lenders in the UK. Some of the key benefits include:

• Tappily offers flexible repayment terms, allowing customers to choose a repayment period that suits their financial situation.
• Tappily does not charge any hidden fees, ensuring that customers know exactly what they are paying for.
• Tappily does not perform traditional credit checks, making it easier for customers with poor credit scores to access credit.
• The application process is quick and easy, with customers able to apply for a loan in just a few minutes.
• Tappily offers higher credit limits compared to other lenders, making it a great option for those who need access to larger sums of money.

Requirements and Eligibility

To be eligible for a Tappily loan, customers must meet certain requirements. These include:

• Age: Customers must be at least 18 years old to apply for a Tappily loan.
• Residency: Customers must be a UK resident to apply for a Tappily loan.
• Bank account: Customers must have a valid bank account in their name to receive the loan.
• Debit card: Customers must have a valid debit card linked to their bank account to receive the loan.
• Mobile number: Customers must have a valid mobile number to receive loan updates and notifications.

Pros AND CONS

Pros are:

• Flexible repayment terms
• Fast funding within 24 hours
• High loan amounts up to £1,500
• Personalized peer-to-peer lending
• No hidden fees

Cons

Cons are:

• High APR of 1,310.4%
• Short repayment period
• Limited eligibility criteria
• Risk of default impacting credit score
• Reports of limited customer support

Tappily Loan Alternatives

While Tappily is a popular choice for those seeking short-term credit, there are other alternatives available in the UK. Some of the key alternatives include:

• SafetyNet Credit: As a sister company to Tappily, SafetyNet Credit offers a similar range of loan options, with a focus on providing affordable and accessible credit to customers.
• Other lenders: There are many other lenders in the UK that offer similar loan options, including Wonga, QuickQuid, and Peachy Loans.

Conclusion

Tappily loans are a popular choice for those seeking short-term credit in the UK. With a focus on providing flexible and affordable lending solutions, Tappily has built a reputation for providing reliable and responsible lending services. 

By understanding the features, benefits, and requirements of Tappily loans, customers can make informed decisions about their financial needs and choose the best loan option for their situation.

Some Questions

What is Tappily Loan? 

Tappily Loan is a type of credit facility that allows customers to borrow up to £2,500 with flexible repayment terms.

Is Tappily Loan available in the UK? 

Yes, Tappily Loan is available in the UK and is offered by Tappily & Safetnet Credit.

How do I apply for a Tappily Loan? 

You can apply for a Tappily Loan online or through their website.

Can I get a Tappily Loan with poor credit? 

Yes, Tappily Loan allows customers with less-than-perfect credit to apply and may still approve you for a loan.

How does interest work on a Tappily Loan? 

Interest is added daily as a percentage of your loan balance. If you only pay the minimum required amount each month, the costs can quickly add up.

Can I apply for a Tappily Loan if I have a bad credit score? 

Yes, Tappily Loan considers applications from customers with poor credit scores and may still approve you for a loan.