Your personal line of credit between £50 – £3,000
We consider customers with bad credit.
Representative 96.2%APR (variable)
Representative Example: Assumed credit limit: £1,200. Representative 96.2%APR (variable). Annual interest rate 69.4% (variable).
Not all applications will be approved for credit. An offer of credit is subject to status and affordability checks.
Drafty Flex could help you
Relocate or move
Cover unexpected expenses
Make home improvements
Fix your car and other vehicle repairs
Why choose Drafty Flex?
We believe there is more to someone than just their credit score, meaning you can apply for a line of credit if you have bad credit.
Fast
Cash sent to your bank in under 90 seconds, if approved. It may take longer to reach your account depending on your bank’s processes.
Flexible repayment
As long as you repay the monthly payment, how long you borrow for is up to you. No early repayment fees.
Trusted
Rated excellent on Trustpilot with over 10,000 reviews.
Convenient
Secure online application available 24/7. An instant decision.
How Drafty Flex works
Apply for a line of credit
Choose how much you want to borrow and provide if with your personal, employment and banking details.
Checks & approval
We’ll run credit and affordability checks and in most cases give you an instant decision. Don’t worry, we won’t leave a mark on your credit file unless you take out a line of credit.
If approved, we will send the money to your bank in 90 seconds. It may take longer to reach your account depending on your bank’s processes.
Use as much or as little as you want. You only pay interest on what you use.
Borrow again
As long as your account is in good standing, you can borrow up to your credit limit as often as you want.
Flexible repayments
As long as you repay the monthly payment, how long you borrow for is up to you. No late fees, no early repayment fees.
Representative 96.2%APR (variable)
How much Drafty Flex costs
The simple version: Drafty costs £5.70 to borrow £100 for 30 days. You’ll need to make minimum monthly repayments. These go towards your interest and the amount you’ve borrowed. The rest of your payment reschedule is up to you. You can reduce your interest if you pay more than the minimum monthly payment.
£0.19
per £100 per day
£0
Monthly fees
£0
Early repayment fees
90
Seconds settlement. It may take longer to reach your account depending on your bank’s processes.
Representative 96.2%APR (variable)
Frequently asked questions
Everything you need to know about Drafty Loans
Can I apply for a Drafty flex?
You can apply for a Drafty flex if you:
- Have a valid UK Debit card
- Have an active UK bank account
- Live in the UK
- Are over the age of 18
- In regular employment – full or part time
- Have a net monthly income (after tax) of at least £1,250
We’ll then do some checks which include looking at your current finances, eligibility and credit history before we make any lending decisions. Affordability checks are also undertaken to work out how much we can lend to you.
How much can I borrow?
With Drafty Flex, you can borrow a line of credit of maximum £3,000. If approved, the money will be sent to your bank within 90 seconds.
Will my application be approved?
We never guarantee if your application will be approved. While we do credit and affordability checks along with many different factors when you apply for Drafty Flex, we don’t accept everyone. If your application is declined, it may be due to not meeting our eligibility requirements or concerns about your current financial situation or affordability.
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.