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Borrowing: £300 for 3 months
Total Repayable: £332.40
Interest Rate: 0.18% per day
Interest (amount): £32.40

Representative Example:
Representative 89.7% APR. Based on drawing £1200 and repaying in 12 equal monthly instalments plus interest at an
Annual Interest Rate of 65.7%(Fixed).
Total repayable is £1,601.40.

What makes Drafty so awesome?

Drafty’s a bit like a short term loan, but with a couple of really cool differences.

The biggest difference is that it’s a credit line rather than a loan. In terms of ‘applying for cash straight to your bank account’, it’s basically the same (and it’s fast – we’ll send you the cash in minutes*). You apply for a credit limit up to £3,000 and then borrow what you need within your credit limit. But you can then use and reuse your Drafty credit line whenever you need to, without ever needing to reapply.

And the best bit? There are no fees. None. Zip. Zero. Nada.

Oh, and you only pay interest on what you use, so if you don’t use any of your credit line, it doesn’t cost you anything.

It only takes minutes to apply. Why not give it a try instead of going anywhere else?

What are short term loans?

Short term loans are loans that you pay off within a short period of time – usually a few weeks or months (although some offer loans for up to a year or so). When you repay them, you repay both the interest and the loan amount itself. You can usually apply for short term loans online.

Is Drafty a short term loan?

Drafty isn’t a short-term loan, but it could help solve the same problem that makes you need one. If you need a short term loan today, you could apply for one online with a short term loan direct lender and get one that you have to repay quickly.

But if you use Drafty, you could get the cash just as quickly (or even quicker… we’re really that fast). The application form only takes about minutes, you get an instant decision and the cash in your account in minutes*. We think the benefits stand out.

You also might find it more manageable than a lot of short-term loan repayments. You’ll need to make minimum payment each month (although if you pay off everything you owe, you won’t need to pay any further interest and the credit line is still available for you to reuse – result!). You might find this easier than, say, a short term payday loan, where you need to repay it all in one month.

That’s why the APR on Drafty is so much lower than most short term loan APRs – because we’re a credit line rather than a loan. So you use it or don’t use it whenever suits you best.

So you could go searching for a short-term loan. Or you could try being Drafty . We think you’ll like it.

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Representative 89.7% APR

How Drafty Works

Are you looking for a short term loan online because you want something that’s fast and easy to apply for?
Then we think you’ll love Drafty. Check out how straightforward it is:

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It only takes minutes and you’ll
get an instant decision.

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Set a Credit limit

If you’re approved, you’ll be given a credit limit up to £3,000. You can then use as much or as little as you want. Pay interest only on what you use.

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Flexible repayments

You repay a minimum amount every month. Want to repay early? Cool! There’s no charge for that. And we make it easy to do with our app.

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Get Cash in Minutes

Use Drafty whenever you need to. We’ll send the cash to your account in 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.