Your personal line of credit

Forget payday loans. Forget fees. Forget plastic. Get Drafty. Up to £3,000.

Representative 96.2% APR (variable)

Subject to status. T&Cs apply.^

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Applying won't affect your credit score (unless you actually take out a line of credit).

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Fast decisions

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No fees

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Use again and again within your credit limit

How it works

1

Get a credit limit

If approved, you’ll get a line of credit (up to £3,000). Use as much or as little as you want. You only pay interest on what you use.

2

Borrow again

As long as your account is in good standing, you can borrow up to your credit limit as often as you want.

3

Flexible repayments

As long as you repay the monthly minimum, how long you borrow for is up to you. No late fees, no early repayment fees.

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Find out if you’ll be approved without affecting your credit score

Representative 96.2% APR (variable)

Subject to status. T&Cs apply.^

Overdrafts can be great. Except when they’re not

An overdraft is connected to your bank account. It allows you to use more money than is in your account. How much you’ll pay in interest will depend on your bank and whether you're within agreed limits.

Before 2020, an ‘unarranged’ overdraft could be very expensive. Now that overdrafts have to be much cheaper (or free), banks may be much less likely to offer them.

So how is Drafty different from an overdraft?

Drafty isn't part of your bank account. Although we can transfer cash to your bank so quickly, you might think we are. Or you might think it’s magic. We wouldn’t blame you. Sending money to your bank within 90 seconds of approval is pretty magic!

With banks, you can only get an overdraft if you use their bank account. With Drafty, you are not tied to any particular bank

Want to find out more? We don't blame you. After reading that, we'd want to find out more too.

Payday loans are dead. Long live Drafty

Payday loans were usually for one or two months. But you’ll struggle to find them these days, as most lenders don’t offer them now. Most people looked for payday loans online because they’re convenient. Drafty is just as convenient as any payday lender and A LOT cheaper.

So forget the ‘one-month and it’s done’ kind of loans. We’re more the friend that’s always there. But not always there in an annoying way. The cool one, not the one that calls you up with drama at 3am.

Drafty's much cheaper than payday loans. Like… MUCH cheaper. Check out more about our charges (spoiler… no fees!)

Once you've repaid a loan, that's it. You have to apply again if you want to borrow again. With Drafty, the cash is available for you to redraw again and again, up to your approved limit!

You’ll get a fast decision with Drafty. And, if approved, we’ll send the cash to your bank in under 90 seconds

Find out more about what drafty costs.

Drafty is an FCA-authorised provider of a Revolving Line of Credit with a credit limit of up to £3000, available to borrow as and when you need it (subject to affordability checks). You only pay interest on what you draw/use.

Representative Example: Assumed credit limit: £1200. Representative 96.2% APR (variable). Annual interest rate 69.4% (variable).

There is no set minimum or maximum repayment term, so long as the minimum monthly repayment sum is met, however, you may repay back early without any fees and save on interest.