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Ratings based on 208 reviews Last review 1 week ago
4.77 / 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 (208)

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14th August 2019

Easy and clear application form

Really like the concept of an open credit, that I can pay back and / or draw back down against. Don't be put off by what seems high rates of interest as this is context of the small amount you are borrowing over short period of time - if you pay back...

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Really like the concept of an open credit, that I can pay back and / or draw back down against. Don't be put off by what seems high rates of interest as this is context of the small amount you are borrowing over short period of time - if you pay back what you owe and manages finances sensibly then Drafty is a great option

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7th June 2019

Just in case

Sometimes you need extra money....not that i totally agree with borrowing, but what are you supposed to do when your 25 year old car is up for the MOT? There`s a likely hood I`ll need to pay for some work to be done. Drafty seems straightforward...

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Sometimes you need extra money....not that i totally agree with borrowing, but what are you supposed to do when your 25 year old car is up for the MOT? There`s a likely hood I`ll need to pay for some work to be done. Drafty seems straightforward enough, no complicated financial jargon. Make sure you read everything, twice if needed. There`s nothing wrong in borrowing as long as you understand what your getting into. The process was also straightforward, and knowing that money is there, just in case has taken a load off.