Application & Eligibility

Can I apply for a loan? 

You can apply for a loan 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 £1000

We look at your finances, eligibility, and credit history, plus do affordability checks to decide how much we can lend you.

How much can I borrow? 

You can apply for £1,000 – £3,000. We can’t promise you’ll get the amount you ask for. We may offer you less, depending on what we think you can safely repay.

Will my application be approved? 

We can’t confirm approval until we’ve reviewed your application. Even if you’ve borrowed before, we’ll check your latest details to make sure the loan is right for you and affordable to repay.

Why was I declined? 

If your loan isn’t approved, it just means you don’t meet our lending rules for now. Things can change, so you’re welcome to try again in the future and we’ll look at your new application with care.

When will I get my money? 

Most loans are sent in under 90 seconds. It may take longer due to your bank’s processes. Check with them first, and if you still need help please Log in and chat with us, or contact us online.

Do you run a credit check, and will that impact my credit score? 

Yes, we run a credit check. It’s only one part of our decision. The search will only be visible on your credit file if you take out the loan. Please remember that multiple checks in a short time may lower your score and affect future borrowing.

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.