Drafty Line of Credit and Loans
At Drafty, we believe in giving you the flexibility to choose the best credit option for your needs. That’s why we offer two products: Drafty Flex and Drafty Loans.
About Drafty
At Drafty, we believe in giving you the flexibility to choose the best credit option for your needs. That’s why we offer two products: Drafty Flex and Drafty Loans.
Drafty Flex, also known as a line of credit, allows you to access the money you need with a maximum credit limit of £3,000. We also offer Drafty Loans from £1,000 – £3,000, with repayment periods of 12, 18 or 24 months.
All loans and credit limits are subject to affordability checks, we will only lend what our checks indicate you can afford.
What makes Drafty different?
We believe there’s more to someone than just their credit score, you can apply if you have bad credit. You’ll get an instant decision with Drafty, and if approved, we’ll send the cash to your bank in under 90 seconds. Depending on your bank’s processes, it may take longer to reach your account.
We’re an FCA-authorised and regulated direct lender, with authorisation number 689378. Responsible lending is our biggest priority, and we want to ensure our customers` experience is great.
Why choose a Drafty Loan?
We understand that financial problems can happen to anyone, and you are more than just a credit score. That’s why, Drafty Loans, welcome applications from those with less-than-perfect credit.
With a Drafty Loan, you can:
Borrow between £1,000 – £3,000.
Choose 12, 18 or 24 months to repay.
All with the convenience of fixed monthly payments.
When you apply for a Drafty Loan online, we’ll give you an instant decision. If approved, we’ll send the cash to your bank account in 90 seconds. However, this may take longer, depending on your bank’s processes.
Representative 79.9%APR
Why choose Drafty Flex?
Drafty Flex is a credit line. Think of it as an alternative to an overdraft or credit card. You can use your approved credit limit as much as you need when you need it. And, if you’re not using it, you won’t have to pay a thing!
With a Drafty line of credit, you can:
Borrow what you need from your approved credit limit (maximum credit limit is £3000, credit limits may vary depending on affordability checks).
As long as you repay the monthly payment, how long you borrow is up to you. There are no late fees and no early repayment fees.
And best of all, you only pay interest on
what you use.
When you apply for a Drafty line of credit, we’ll give you an instant decision. If approved, we’ll send the cash to your bank account in 90 seconds. However, this may take longer, depending on your bank’s processes.
Representative 96.2%APR (variable)
Who owns Drafty?
Drafty is owned by GAIN Credit LLC, an FCA (Financial Conduct Authority) regulated direct lender. We focus on providing flexible financial solutions, including line of credit and loans, to help people manage their finances.
Rated By Over
10,000 Customers
We think we’re pretty great, but don’t take our word for it.
Our customers have given us over 10,000 reviews. Check out some of them below!
Drafty FAQs
Is Drafty a direct lender?
Yes, Drafty is a direct lender in the UK. This means we lend money directly to customers. You can apply online for a line of credit or a loan from our website. By being a direct lender, we keep the process simple and transparent.
Are there any hidden fees?
No, there are no hidden fees with Drafty. Transparency is key, so you will always know the costs upfront. When you borrow, we clearly outline the interest rates and any applicable charges. You will not face unexpected fees later (except for the late repayment fees). This allows you to manage your repayments confidently and plan your finances without any surprises.
What type of credit do we offer?
We offer personal loans from £1000-£3000. These loans are designed to help with unexpected expenses or financial needs. We also consider people with bad credit and offer bad credit loans, making borrowing accessible to more people.
Does Drafty do a credit check?
Yes, Drafty always performs a credit check as part of the application process. This helps ensure that borrowing remains responsible and manageable for customers. While credit history is reviewed, Drafty also considers other factors like income and affordability. Even if you have bad credit, you can still apply.
Can I repay my debt early?
Yes, you can repay your debt early without any extra fees. Drafty allows early repayment, helping you save money on interest. Whether it’s a loan or a line of credit, clearing your debt sooner can lower the total amount you pay back.
Can I apply with bad credit?
Yes, you can apply even if you have bad credit. At Drafty we understand that financial situations vary, and having a poor credit history doesn’t always mean you can’t borrow. We consider affordability and income when assessing applications.
Do I need a guarantor?
No, you do not need a guarantor to borrow from Drafty. Applications are based on your own financial situation, such as your income and ability to repay. By removing the need for a guarantor, we make borrowing quicker and simpler. You can apply online without involving anyone else in your application.
Has Drafty gone into administration?
No, Drafty has not gone into administration. We are fully operational and continue to provide lines of credit and loans to customers. Drafty is authorised by the FCA, which means we follow all financial regulations strictly. You can trust us as a reliable and active direct lender.
Is Drafty a payday loan?
No, Drafty is not a payday loan lender. Unlike payday loans, which must be repaid in full on your next payday, Drafty offers flexible repayment options. With Drafty Flex or Drafty Loans, you can borrow money online. You can repay early and save money on interest. We don’t charge any extra fees for early repayment. This makes Drafty a more flexible and manageable alternative to payday loans.
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.