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A monthly expense is the amount of money you spend each month in a particular category. If the amount you spend varies, choose a number that is the most you might expect to spend in that category.

Enter the bank account where you deposit your pay cheque. Your bank account details are important because we need to verify that you have a bank account. This is one of the elements we use to determine if we can lend you. If approved, we will deposit your cash into this bank account.

Select the type of employment you are under with your employer for example Full Time, Part Time, Self-Employed etc.

Your income after tax is the amount of money that you receive from your employer after taxes have been removed. This amount is the final amount of your salary that may come to you via direct deposit or by check.

You should carefully consider your income, current and future expenses and only draw an amount that you can comfortably repay. You can choose to draw the entire amount today or choose to draw a lesser amount. If you choose to only draw part of your credit line today, you will be able to login to your account and draw the remaining funds up to your approved credit limit any time your account is in good standing.

Your pay frequency is how often you receive a pay cheque. You can look at your previous paystubs to see how frequently you receive them. Alternatively if you have your pay directly deposited to your bank account you can view to see the previous dates the money has been deposited. Monthly pay cheques are most common. If needed, you can contact your Human Resources (HR)/Personnel Department to ask how frequently paycheques are processed.

The only fee Drafty charges is a late payment fee of £12. This fee is charged if the minimum payment due is not paid by the due date as stated in your monthly statements. Interest is accrued daily on the outstanding principal at the rate of 0.18%.