Drafty offers borrowers a credit line – that’s ongoing access to credit with flexible repayment terms – of up to £3,000, as an alternative to traditional payday loans and expensive overdrafts.
Our tool at the end of this page, allows you to compare the cost of short term loans from multiple lenders. Alternatively, here are some other loan companies like Drafty, some of which offer a “line of credit” and some of which offer more traditional loans:
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.
| Name | Established | Loan types | ||
|---|---|---|---|---|
 |
Drafty Line of Credit | 2015 | Line of credit | Go to site |
 |
Fund Ourselves | 2016 | Peer-to-peer instalment loans | More info |
 |
Creditspring | 2018 | Instalment loans through a membership scheme | More info |
 |
Lending Stream | 2008 | Instalment loans | Go to site |
 |
Polar Credit | 2019 | Line of credit | More info |
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SteadyPay | 2017 | Instalment loans through a membership scheme | More info |
As well as comparing short term loans with other types of credit, before you apply for a loan it’s a good idea to shop around and compare a range of lenders. You can use the table below to get an idea of how much the loan that you have in mind might cost.
