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Ratings based on 186 reviews Last review 23 hours ago
4.76 / 5Amazing overall rating

Winner of "Innovation of the Year" at the 2018 Consumer Credit Awards, Drafty offers lines of credit with flexible repayment options. Read Full Description

Winner of "Innovation of the Year" at the 2018 Consumer Credit Awards, Drafty offers lines of credit with flexible repayment options.

Rather than lending you a lump sum which immediately starts accruing interest, Drafty gives you a "pot" of credit. You can use it as and when you need it, and interest is only charged on the money you've used.

This means Drafty isn't a payday lender. The system works a bit more like a credit card than a payday loan.

To be eligible for a loan, you need to earn at least £1,250 a month, and you have to be in full-time employment. Fill in a short questionnaire, and Drafty will offer you a suitable amount of credit for your needs. The most you can get is £3,000, which is one of the higher maximums on the market for credit lines.

Repayment plans are tiered and flexible, depending on how much you borrow and the answers you give to the questionnaire. Make sure you're clear on what you need to pay back and when before agreeing to take out any credit.

Once you're set up, you can check your repayments and manage your credit line through Drafty's website or app.

Drafty is authorised by the Financial Conduct Authority (FCA). If you've used Drafty's line of credit, leave us a review and let us know what you thought of it.

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Your Drafty Reviews (186)

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24th April 2019

A blessing

From time to time the end of the month can be a struggle! this dependent in the main to vet trips with various pets who take it into their little heads to pick that particular month to be sick! This month alone I have had an expensive array of vet...

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From time to time the end of the month can be a struggle! this dependent in the main to vet trips with various pets who take it into their little heads to pick that particular month to be sick! This month alone I have had an expensive array of vet bills, first with the dog and then with two gerbils! In the past I have resorted to payday loans but then someone suggested Drafty! I was pretty sure I would get a resounding no due to bad credit history in the past (been reasonably good the last few years). But I bit the bullet and was surprised to see that I got accepted. Even more surprised to see that this is not like a payday loan. Thank you Drafty for coming to my rescue this month, it is good to know that this will be available for those trying months.