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ABOUT 118 118 MONEY

118 118 Money offer loans that you repay over 12, 18 and 24 months. You can apply to borrow up to £5,000 with them, and they say they’ll get you a decision within an hour (most of the time). If you’re approved, they’ll send you the cash
within 24 hours.

You probably recognise the name ‘118 118’ from their directory enquiries business, which is their sister company. If you go onto their website, you can search for local businesses or train times.

We think we can offer you something you’ll like more. Unless you’re looking for the train times thing. We can’t really help with that. But if you’re looking for a 118 118 loan, you might prefer what Drafty can offer you.

ABOUT DRAFTY CREDIT LINE - A MORE FLEXIBLE OPTION

Over at Drafty we think you’d prefer something a bit more flexible than repaying every month for up to two years. So if you apply for a Drafty credit line, you can draw as much as you want within your credit limit, and pay it back when you want. You only pay for what you use, and there are no fees. Ever.

And if you do want to borrow more at any point? Just draw more on your credit line. After you apply the first time, you won’t need to go through any other credit checks to draw further money within your limit. If you borrow with 118 118 Money and want to add more to your loan, you’ll need to go through another credit check.

Also, we’re pretty fast. In most cases, we’ll get you a decision in minutes*. And we’ll usually start the funds transfer process within minutes*.

HERE ARE MORE
REASONS TO CHOOSE
DRAFTY OVER
118 118 MONEY

Speed of online transfer
Rep APR
Credit Search
Accessible Funds
Early repayment fee
Daily interest charges
Mobile App
Within mins*
89.7%
No credit mark when reborrowing
£200 - £3000
No
0.18%
Yes
118 118
Money
Within 24 hours
99.9%
Credit mark when reborrowing
£1000 - £5000
28 days/58 days interest
0.19%
No
Accurate as of 08/06/2017

HOW MUCH DO YOU
WANT TO BORROW?


Representative 89.7% APR

HOW DRAFTY WORKS

Consider Drafty your financial safety net. Here’s how to get started.

Apply Icon

Apply

We’ll make an instant decision if
you qualify.

Money Icon

Set a Credit limit

Drafty gives you a pot of cash, up to £3000, that you can dip into whenever you need. If you don't use it, you don't pay a penny.

Wallet Icon

Repay and build your credit

Repay the minimum due every month. We appreciate on-time payments and report positive behaviour to bureaus! Plus, there's no charge for paying back early if you want to cut down on interest fees.

Time Icon

Get Cash in Minutes

Draw up to your limit, anytime. We’ll get the money transfer to your bank account started within minutes*.

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.