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No extra fees, no interest
Transparent and fixed pricing
Representative example: Total amount of credit £600 repayable over 13 months. 12 monthly membership payments of £10. Rate of interest 0% p.a. (fixed). Representative 83.1% APR. The first repayment for each advance is £50.00, due 45 days after drawing, followed by 5 monthly repayments of £50.00. Total amount payable £720.
Launched in 2017, Tappily is an alternative to traditional payday loans. Offered to UK residence, if eligible, they charge 0.34% per day for every £100 borrowed, this is up to 75 days for anything you borrow. Though they are cheaper than other pay day lenders they can be expensive compared to other loans. Tappily reports your borrowing and repayment history to Credit Rating Agencies, so if you are up to date with your payments this can have a positive affect on your credit score. If you decide to use Tappily you should be careful about missed or late payments as you will incur interest each day.
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With a Tappily loan you are able to borrow £500 to £2500 if eligible. The interest charged per day is 0.34% for every £100 borrowed, this applies for up to 75 days. Their REP APR is 49.7%. This means that if you were to borrow £150 for four days, the interest per day would be £0.51 and the total interest would be £2.04 representing four days at £0.51 per day. To keep their commitment to responsible lending, they will increase the credit limit only if they are sure the borrower is able to afford it. When the borrower is eligible for an increase it will appear on their Tappily Dashboard.
The representative APR example on this page for Tappily is 49.70% based on a loan of £1000. This information is accurate as of 8th November 2022. The variable rates which Tappily charges can change depending on the amount you borrow.
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 83.1%) 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.
Creditspring is a great alternative to Tappily because there is no added interest. 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 £7 per month and have access to £200 for each advance (Rep APR 88.8%). With a Core Membership you will pay £10 per month and have access to £300 for the each advance (Rep APR 83.1%). With a Plus Membership you will pay £14 per month and have access to £500 for each advance (Rep APR 66.2%). With Extra Membership you will pay £24 per month and have access to £1200 for each advance (Rep APR 43.7%). 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.