Applying won't affect your credit score
(unless you actually take out a line of credit).
A Drafty line of credit can help you pay unexpected bills. Check out our TV advert to see how it works.
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.
As long as your account is in good standing, you can borrow up to your credit limit as often as you want.
As long as you repay the monthly minimum, how long you borrow for is up to you. No late fees, no early repayment fees.
Find out if you’ll be approved without affecting your credit score.
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.
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 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.
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 we'll send the cash to your bank in under 90 seconds.
Find out if you’ll be approved without affecting your credit score.