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Rather than throw a bunch of percentages at you and hope it sticks, we've put together a real-world example that shows exactly how Drafty works — and how much you could save.
Our friends at Which?, put together this chart to show how much borrowing £100 for 28 days would cost using an unarranged overdraft or payday loan. We've added Drafty into the mix below. (SPOILER: We're the reaaaaally small number.)
overdraft comparison graph
Accurate as of 09/07/2016.
Drafty cost computed at 0.18% daily interest. Ratings and recommendation rate aggregated
by which.co.uk.

With a Drafty credit line, you get more than an affordable rate.

Here are some of the perks
you can always count on:

Absolutely No Fees

We've mentioned this once or twice, but it's worth repeating. We charge ZERO fees. Daily interest is 0.18% on the amount of cash you draw, but you can even repay that back early to save.

Pay At Your Own Pace

We set up affordable monthly payments, based on how much you draw. You're welcome to pay only the minimum amount so you have more time to pay back. It's your choice how much you pay, and we'll send you a monthly reminder to make sure you don't lose track.

Save By Paying Early

If you want to pay more during any month, just login to your account and make an extra payment. Or make additional payments each month and pay off the amount you owe. It's up to you. You get to SAVE more in reduced interest and pay off your credit line sooner, which may help your overall credit.

Flexibility And Compassion

We understand that life happens. It can be stressful when you realise you can't make your next payment -- we get it and want to help! If you know you won't be able to make an upcoming payment, reach out. We'll figure out a plan that works for you.

REPRESENTATIVE EXAMPLE
Annual Interest Rate65.7%
Total Amount of Credit£1200
%Representative APR89.7%
This chart shows a representative example of a credit line with Drafty.

What is a representative example
of a Drafty credit line?

GET STARTED
Representative 89.7% APR
Drafty is a credit line with a Representative 89.7% APR, and a maximum APR of 91.2%. If you draw £50 against your credit line at 89.7% APR, it would be paid off in 6 months for a total of £60. There are no additional fees. There is no minimum repayment period and no maximum repayment period as long as you continue to repay the minimum payment amount. We don't offer fixed loans under 60 days.
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0203 365 0135#

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Personal Line of Credit - Drafty - 4.7 stars out of 5 based on 2366 reviews  consolidated by Google from Trustpilot.com and Reviews.co.uk.
5 stars - " Very fast and easy to use."

*Subject to credit line approval, you will receive cash through our Express Cash Transfer option for free if supported by your bank. We can initiate the transfer process of funds into your account within 15 minutes after final approval of your credit line subject to an assessment of affordability and credit worthiness. The time that it takes for cash to appear in your account will depend on your bank's policies and procedures.

#Call charges apply. Standard charges from BT landlines, mobiles and other providers may vary.

Responsible Lending: Carefully consider whether a credit line is right for your individual financial situation. Borrowing of this type is an expensive form of credit that may be appropriate for short term financial needs but which is not appropriate for longer term borrowing or if you are in financial difficulty. All credit line applications are subject to status, terms and conditions and to satisfactory passage of checks on credit worthiness and affordability.

Drafty is a trading name of GAIN Credit LLC

Contact Address: Wisteria Grange Barn, Pikes End, Pinner, London, United Kingdom, HA5 2EX, E-mail: info@drafty.co.uk | Registered Address: 251 Little Falls Drive, Wilmington, DE 19808, USA.| Registered in the State of Delaware,USA | Registration Number: 4124111 | Authorised and Regulated by the Financial Conduct Authority. Registration Number 689378