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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. Apply for up to £3,000 and get a near-instant decision.
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! Pay only for what you use and save the rest as a safety net for later.
With the Drafty app, you can:
- Apply for up to £3,000
- Draw cash
- Check your balance
- Manage payments
Representative 89.7% APR
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 89.7%. If you draw £100 against your credit line at 89.7% APR and were to pay only the minimum due, it would be paid off in 3 months for a total of £109*. 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. Drafty doesn't offer fixed loans under 60 days.
Representative Example: Representative 89.7% APR. Based on drawing your full approved credit limit of £1200 and repaying in 12 equal instalments at an
Annual Interest Rate of 65.7%(Fixed). Total repayable is £1,601.40
