Who is Drafty?
Drafty is a direct lender and a trading name of Gain Credit LLC, authorised and regulated by the Financial Conduct Authority (FCA).
How do customers rate Drafty?
As of May 2025, Drafty is rated ‘Excellent’ on Trustpilot. They have over 11,800 reviews, and 84% of these are 5*.
What credit products does Drafty offer?
Customers applying with Drafty can choose between two products:
- Drafty Flex: a personal line of credit; and
- Drafty Loan: a short-term personal loan.
We’ve included information on the key differences between Drafty Flex and Drafty Loan below.
| Drafty Flex – personal line of credit | Drafty Loan |
|---|---|
| Borrow between £50 and £3,000. | Borrow between £1,000 and £3,000. |
| No set repayment term. | Choose from a set repayment term of either 12, 18, or 24 months. |
Make at least the minimum repayment amount each month. This will be either:
| You’ll repay a set amount of money each month for the duration of your chosen term. Your monthly repayments will include interest. |
| Provided your account is in good standing, once you’ve repaid the money you owe, you can use the funds again without needing to reapply. | If you need another Drafty Loan in the future, you’ll need to reapply. |
How does Drafty Flex work?
Drafty Flex is a personal line of credit. A personal line of credit works a little like a credit card. If approved for a personal line of credit, the money will be transferred to your bank account. You can use as little or as much of your available credit limit as you need. It’s important to never spend more money than you need or can afford to repay.
With Drafty Flex, there are no set repayment terms; providing you make the minimum repayment amount each month, you can borrow the money for as long as you like, provided you have kept to the terms and conditions of your credit agreement. Once the money has been repaid, you could use your line of credit again, should you need to. You won’t have to reapply if you want to reuse your line of credit.
What Representative Example does Drafty advertise?
Drafty FlexRepresentative Example: Assumed credit limit: £1,200. Representative 96.2% APR (variable). Annual interest rate 69.4% (variable).
Drafty LoanRepresentative Example: Given a Representative APR of 79.9%, if you borrow £1000 over 18 months at 59.9% p.a. (fixed), you would owe 18 equal repayments of £85.56. You will repay £1,540.08 in total.
Who can apply with Drafty?
In order to apply for Drafty Flex or a Drafty Loan, you must:
- Be over the age of 18;
- Be a UK resident;
- Be in either full-time or part-time employment;
- Have a net monthly income (after tax) of at least £1000: and
- Have a bank account and a valid debit card.
Can I apply with Drafty if I have bad credit?
Yes, you can apply for either Drafty Flex or a Drafty Loan, even if you have bad credit, although you should always think very carefully before making a decision.
Be mindful of the fact that any credit product will impact your credit score; if your repayments are made on time, your score could increase, as long as you’ve kept on top of any other credit commitments and bills.
On the other hand, making a late repayment or missing one altogether will cause your credit score to decline.
How quickly can Drafty send the money?
If your application for either Drafty Flex or a Drafty Loan is approved, your money could be sent in just 90 seconds, although the time it takes for the funds to become available in your account will depend on your bank’s policies and procedures.
Can I repay my Drafty Loan early?
Yes, you can repay the money you owe early without incurring any fees.
What happens if I can’t afford to repay the money I’ve borrowed with either Drafty Flex or a Drafty Loan?
On their website, Drafty states that any customers struggling to repay the money they owe through Drafty Flex or a Drafty Loan should contact them. A trained advisor will work with you to put a plan in place moving forwards.
If you’re worried about money or debt, consider reaching out to one of the following organisations for free, confidential advice: StepChange, MoneyHelper, Citizens Advice, and National Debtline.
How can I contact the Drafty customer service team?
You can contact Drafty:
- By phone: 0203 695 8072*
- By email
- Via the live chat feature in your customer account.
*Call charges apply. Standard charges from landlines, mobiles, and other providers may vary.
Does Drafty have an app?
Yes, Drafty has an app which is available on both Google Play and the App Store.
How do I log in to my Drafty account?
If your credit application is successful, you will be able to set up an online account, where you can manage your credit and check your balance.
You can log in to your Drafty account here.
Where can I find out more about Drafty?
You can find out more about Drafty on their website.
Further information about Drafty Flex can be found here, and you can learn more about Drafty Loan here.
CashLady Representative 79.5% APR