Drafty Loans

Representative Example

Drafty is a credit line with a Representative 89.7% APR, and a maximum APR of 91.2%. If you draw £50 against your credit line at 89.7% APR, it would be paid off in 6 months for a total of £60. There are no additional fees. There is no minimum repayment period and no maximum repayment period as long as you continue to repay the minimum payment amount. We don't offer fixed loans under 60 days.


Late repayment can cause you serious money problems. For help and advice please visit the Money Advice Service website.
High cost credit is unsuitable to support sustained borrowing over long periods and would be expensive as a means of longer term borrowing

This loan would be suitable for you if:

  • You want a flexible loan where you can borrow as and when you need it.
  • You want an instant decision and access to the funds today.
  • You want a lender that has no fees or hidden charges.

This loan would not be suitable for you if:

  • You have particularly bad credit including recent defaults and open CCJ's.
  • You already have outstanding payday loans.
  • You feel that you might not be able to pay the loan back.

About Drafty

Drafty are a well established UK lender that offers flexible lines of credit to UK customers. A line of credit gives you a credit limit on which you can choose to withdraw any amount up to your approved credit limit, so you can only borrow what you need, when you need it.

Lines of credit offer far greater flexibility over traditional payday loans or personal loans. You only ever pay interest on what you actually borrow and when you need extra cash you can withdraw more and it's sent to your bank account almost instantly.

If you don't use the line of credit, there's absolutely nothing to pay and over time you may be eligible to a line of credit up to £5000.

Eligibility Criteria

You must be over 18 years of age.

You must earn at least £1250 per month.

You must be a UK resident with an active bank account and debit card.

All loans are subject to credit and affordability checks.


All UK residents over 18 years of age are welcome to apply for a Drafty loan - as long as you meet the basic criteria laid out above then they will consider your application.

After submitting your application, we will securely send your application to Drafty who will give us a response in seconds, if they can accept your application then we will redirect you to Drafty to finalise the loan and for you to sign the agreement.

The great thing about applying on allthelenders is that if Drafty cannot accept your application then we will search our comprehensive panel of lenders to see if any other lenders will accept you, saving you time and helping you to get the loan that you need.

Repaying a Drafty Loan

You need to make at least a minimum monthly payment towards your Drafty loan. Your payments will be taken directly from your debit card.

You can pay more than the minimum payment online via Your Account which can be accessed on the Drafty app or website.

Drafty will regularly review your account and consider you for credit limit increases. Making regular repayments will help keep your account in good standing.

When you account balance is completely clear, your account remains open for you to use the funds again if you ever need them. You can close your account by contacting Drafty directly.

Applying for a loan


When you apply for this loan, we will send your application to Drafty who will make an instant decision. If they decline your application then we will try to find you an alternative lender from our extensive panel of lenders.

You are under no obligation to accept any offer of a loan. If accepted, you will be sent to the lenders website to finalise the loan. Please ensure that you check all loan terms before signing your credit agreement.