Tappily Loans Alternative
Looking for Tappily Loans? They’re not lending anymore, but Lending Stream is. We are a well-known direct lender in the UK offering short term loans. If approved for our loans, we’ll send the cash to your UK bank account within 90 seconds*.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Not all applications will be approved for a loan. An offer of credit is subject to status and affordability checks.
Why choose Lending Stream as Tappily Loans Alternative?
Trusted
Rated Excellent on Trustpilot with 25,000+ reviews by customers across the UK.
Direct Lender
Lending Stream is a FCA authorised and regulated direct lender, offering short-term loans without any hidden fees.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Apply online 24/7 with decisions in seconds. If approved, cash is sent to your bank in 90 seconds.*
About Tappily
Tappily was a lender that offered flexible lines of credit in the UK. They used to lend up to £2,500 to customers who needed short-term cash to meet urgent or unexpected expenses.
Tappily went into administration on January 9th, 2023.
We think we’re a good alternative to Tappily. We offer short term loans between £50 and £800 for new customers and £100 to £1,500 for existing customers. We offer quick decisions and, if approved, we’ll send the cash to your bank in 90 seconds*.
How is Lending Stream different from Tappily Loans?
| Lending Stream | Sunny Loans |
|---|---|
| We operate as a short-term lender, offering fixed instalment loans to borrowers. | Provided a flexible credit line, allowing customers to borrow as needed up to a set limit. Not lending anymore. |
| Customers needs to repay the loan along with interest in six monthly instalments. They can even repay early with no extra fees. | Borrowers could withdraw funds anytime, paying interest only on the borrowed amount. |
| Still active, providing short term loans to eligible UK customers. | Entered administration in early 2023, stopping new lending to customers. |
If you were looking to apply with Tappily, you can try Lending Stream. Our loans might suit your needs better. Also, we consider loans for bad credit. We believe everyone should get a fair chance to get credit and should not be judged on just their credit history.
Representative 1271%APR
How to check eligibility for a loan with Lending Stream?
To be eligible to apply for a loan with Lending Stream, you must:
- Be at least 18 years old.
- Have an active bank account in the UK.
- Have a valid debit card.
- Be a UK resident.
- Be in regular employment with a monthly income of at least £400.
As a direct lender, we’ll look at all your information rather than just your credit report. We believe people are more than just their credit file, which is why we consider people with bad credit too.
Representative 1271%APR
How to apply online with Lending Stream?
To apply for a loan with us, you need to fill out our online application form. When you do, we’ll ask you about:
- The amount you want to borrow.
- A few personal details.
- Your employment, salary, expenses, and banking details.
Once we receive your loan application, we’ll run an affordability and credit check. As a responsible lender, we do this to make sure that you can comfortably afford the loan repayments. If you’re approved, we’ll send the agreed loan amount to your bank in 90 seconds*.
Representative 1271%APR
Is Tappily no longer available?
Yes, On 9 January 2023, Indigo Michael Limited (best known by its trading names, SafetyNet and Tappily) went into administration. They appointed Joe O’Connor, Clare Kennedy, and Simon Appell of AlixPartners as the joint administrators of the Company.
If you are looking for a Tappily alternative, there are many options available. You can compare rates and terms from different lenders online and see which one suits the best for you. It is important to shop around and compare offers before you take out a loan.
Why has Tappily stopped lending?
As mentioned on their website, Tappily said that their business was operating in a challenging trading environment, which became more difficult to operate in due to many different factors that reduced their lending volumes.
Also, the changes in the regulatory environment made it difficult for them. As a result, on 9 January 2023, Tappily stopped lending and went into administration.
At Lending Stream, we are still lending and offer an alternative. Our unsecured loans or small loans can help you get the financial help you need for any unexpected emergency quickly (if approved). We allow our customers to borrow between £50 and £800 if they are borrowing for the first time and between £100 and £1500 for existing customers. We give them 6 months to repay.
Who is Tappily owned by?
Tappily was owned by Indigo Michael Limited, but they went into administration on 9 January 2023. Joe O’Connor, Clare Kennedy, and Simon Appell of AlixPartners are now appointed as the joint administrators of Tappily.
FAQs – Tappily Loans
Is Tappily a payday loan?
No. Tappily was not a payday loans lender. Tappily was a flexible credit line lender in the UK who used to provide a credit limit of up to £2500.
Can I still borrow from Tappily?
No, you can’t as Tappily is not lending anymore. They went into administration on 9th January 2023. Since then, they have stopped lending.
Is Tappily a loan company?
No. Tappily is not a loan company, but rather a line of credit provider. They used to provide a running account credit facility to their users. A line of credit is a form of a loan that allows you to access money as you need it up to a certain limit.
Is Tappily regulated?
Tappily was fully regulated by the Financial Conduct Authority (FCA). All their services were provided in accordance with the FCA’s regulations and codes of practice.
Is Tappily like an overdraft?
No. Tappily is not like an overdraft, but it was an alternative of traditional loans or overdrafts. They used to offer a credit limit of up to £2500 to those who were approved by them.