Drafty | Personal Credit

Tired of payday loans or other expensive forms of credit? Drafty is your fee-free way to get access to cash when you need it.

Drafty is an FCA-authorised provider of a Revolving Line of Credit. With Drafty, you get a credit limit of up to £3000 that you can dip into whenever you need. You pay interest only on the amount of credit you use with no other charges or fees. All applications are subject to status and affordability & credit assessment.

If approved, you'll be given a Drafty account - a line of credit with an agreed credit limit. You can draw cash from your credit line at any time up to the available credit limit and save the rest as a safety net for later.

With the Drafty app, you can:

• Apply for up to £3,000.

• Redraw cash within your approved limit.

• Check your available balance.

• Manage your repayments.

If you want to find out more about Drafty and how it offers an alternative to loans, check out our website at drafty.co.uk.

Drafty is a credit line with a representative and maximum APR of 96.2% (Variable). There are no additional fees. There is no minimum and no maximum repayment period as long as you repay the minimum repayment amount. You may repay back early without any fees and save on interest. Drafty doesn't offer fixed loans under 60 days.

Representative Example: Assumed credit limit: £1200. Representative 96.2% APR (variable).

Annual interest rate 69.4% (variable).