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Using Drafty

Here is what happens if you get approved for a Drafty Line of Credit

Apply Online


Get a Credit Limit

Credit limit

Borrow any amount
up to your limit

Borrow any amount

Repay when it suits you

(Minimum monthly
payments apply)


Borrow up to your credit limit any time you want

(No need to reapply!)

Borrow any time

Why choose a Drafty line of credit instead of an Amigo loan?


You don't need a guarantor.


We'll send the cash straight to you. While Amigo Loans are sent to your Guarantor's bank account, and they'll then have to give you the money.


Amigo says they'll aim to send the cash within 24 hours of your guarantor being approved (and that can take a while). We'll give you a decision in seconds and send you the cash in minutes.


We're 24/7! Apply any time for a decision and a quick cash transfer. Amigo don't process applications (or repayments) during their siesta time on weekends or bank holidays.

How Drafty works

Drafty is a Line of Credit. If you're approved, your Drafty account provides you with a pot of money, that you can borrow and pay back as often as you want. If you don't use it, you don't pay. No fees, no fuss, no need to reapply.

When you apply you'll get a decision in seconds. If you're approved, your Drafty account will be set up immediately. If you want to borrow from your line of credit, just log-in and transfer the cash to your bank account. We'll send it to you in minutes.

Once you've repaid it, the money goes back into your Drafty account, ready to be used again whenever you want. It's that easy!

How much does it cost?

Drafty rate of interest is lower than the interest charged on payday loans – it's just 0.18% per day. We'll set up automatic monthly minimum repayments to cover the interest and some of the amount you've borrowed. If you don't want it to be automatic, you'll need to sort out another way to repay.

There are NO FEES for early repayment, NO FEES for late repayment, NO FEES for anything – Nada!.

Will I prefer it to Amigo Loans?

We think you will. Here's why:

Just one application to use Drafty again and again…

You never need to reapply. Once your Drafty account is set up, the cash there is available for you to use whenever you want. If you're not using it, you don't pay anything for it. We think you'd prefer that.

We'll send you the cash more quickly

Amigo say it can take up to 24 hours to get your loan. That's not even sending it to you personally – they'll send it to your guarantor. We think you'd probably prefer us to give you a decision in seconds and send the funds to you in minutes. So we do that instead.

Shorter application process – no guarantor needed!

If you want to apply to Amigo, you have to get a guarantor. You BOTH have to apply and Amigo will call your guarantor over the phone. If your guarantor lives in Scotland or Ireland, it can take even longer. If it's a bank holiday or a weekend? Forget it – they'll start processing it when they're back in the office, on the next business day.

We think you'd prefer it if we're as convenient as possible. We keep the application process straightforward, and we'll only call you if we have to. We won't discuss your application with anyone else, and we're in action 24/7. With Drafty, you'll get a decision in seconds and quick payout once checks are complete.


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.