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A line of credit between £50 and £3,000.
Use as much or as little as you want.
Only pay interest on what you use.
Representative 96.2%APR (variable)
Representative Example: Assumed credit limit: £1,200. Representative 96.2%APR (variable). Annual interest rate 69.4% (variable).
Get a loan between £1,000 and £3,000.
12, 18 or 24 months to repay.
Fixed monthly payments.
Representative 79.9%APR
Representative Example: Given a Representative APR of 79.9%, if you borrow £1000 over 18 months at 59.9% p.a. (fixed), you would owe 18 equal repayments of £85.56. You will repay £1,540.08 in total.
Not all applications will be approved for credit. An offer of credit is subject to status and affordability checks.
What Drafty offers?
Drafty is an FCA-authorised direct lender in the UK. We provide two products, a line of credit or a monthly instalment loan to help you get money when you need it. Our line of credit has a maximum limit of £3,000, and you only pay interest on what you use. If you would prefer an instalment loan, we lend between £1,000 and £3,000 with fixed monthly repayments.
We also consider bad credit applicants because we believe that your past should not define your future. Our online application is quick and simple. You can borrow money for your emergency needs, and if approved, we’ll send the cash to your bank within 90 seconds*.
Compare Drafty with other direct lenders
Many direct lenders in the UK offer loans, but Drafty gives you more choice and flexibility. We provide both a line of credit and a loan, so you can pick what suits you best. With our line of credit you only pay interest on what you use, we offer a maximum limit of £3,000. If you prefer a loan, we offer fixed amounts between £1,000 and £3,000 with monthly instalment repayments.
Some lenders charge early repayment penalties. Drafty keeps things transparent and have no early repayment fees. We also consider bad credit applicants, giving more people a chance to borrow when they need it.
What are the alternatives to high acceptance payday loans?
Drafty – Alternative to Provident Loans
Drafty – Alternative to Safetynet credit
Drafty – Alternative to Amigo loans
Drafty – Alternative to Wonga Loans
Drafty – Alternative to Tappily
Please think carefully about whether Drafty is the right solution for you. This is even more important if you're in financial difficulty. If we don't think you can afford to repay your credit, we won't be able to approve you. We'll look at your current finances and credit history before we decide whether to give you credit. Failure to repay could impact your credit file.