Sites like Drafty

Drafty is one of a handful of loan companies taking a fresh approach to high-cost, short term credit. Find out what similar lenders have to offer.

The 2018 winner of our Short Term Loans Innovation Award, Drafty offers borrowers a credit line – that’s ongoing access to credit with flexible repayment terms – of between £50 and £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.

Drafty Line of Credit

Get up to £3,000 when you need it

  • Get ongoing access to a flexible line of credit
  • Find out if you’ll be approved without affecting your credit score
  • No late fees, no early repayment fees
  • Sending funds to your bank within 90 seconds of approval

Representative example: Borrow £1,200 for 12 months at a rate of 65.7% p.a. (fixed). Representative 89.7% APR and total payable: £1627.05 at equal instalments.

All credit line applications are subject to status, terms and conditions and to satisfactory passage of checks on credit worthiness and affordability
Promoted

Online lenders like Drafty

NameEstablishedLoan types
Drafty Line of Credit Drafty Line of Credit 2015 Line of credit Go to site
Tappily Tappily 2017 Line of credit Go to site
Fund Ourselves (Welendus) Short Term Loan Fund Ourselves 2016 Peer-to-peer instalment loans Go to site
Creditspring Membership Creditspring 2018 Instalment loans through a membership scheme Go to site
Lending Stream Instalment Loan Lending Stream 2008 Instalment loans Go to site
SafetyNet Credit Facility SafetyNet Credit 2015 Line of credit More info
Polar Credit Credit Line Polar Credit 2019 Line of credit More info
SteadyPay SteadyPay 2017 Instalment loans through a membership scheme More info

Compare the cost of payday lenders

Table: promoted deals, sorted by total payable

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.

How much do you need to borrow?


How long do you need to borrow for?


1 - 7 of 7
Name Product Available Amounts Monthly repayment Total payable Link
Lending Stream Instalment Loan
£50 to £1,500
Go to site
More Info
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.
The Money Platform Short Term Loan
£250 to £1,000
Check eligibility
More Info
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.
QuidMarket Short Term Loan
£300 to £1,500
Go to site
More Info
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.
Mr Lender Short Term Loan
£200 to £1,000
Go to site
More Info
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative APR 1,240.1% and total payable £367.40 in payments of £81.33, £73.23, £65.13, £57.33, £49.24, and £41.14.
With this loan your monthly repayment decreases over time. Our 'Monthly repayment' above is a representative figure designed to help compare lenders side by side.
Moneyboat Short Term Loan
£200 to £1,500
Go to site
More Info
Representative example: Borrow £400 for 4 months at a rate of 255.5% p.a. (fixed). Representative APR 939.5% and total payable: £597.48 in 4 payments of £149.37.
Fund Ourselves (Welendus) Short Term Loan
£100 to £1,500
Go to site
More Info
Representative example: Borrow £200 for 121 days at a rate of 211% p.a. (fixed). Representative 505.7% APR and total payable £286.26 in 4 monthly payments of £71.57.
CASH4UNOW Short Term Loan
£150 to £1,000
Check eligibility
More Info
Representative example: Borrow £200 for 4 months at a rate of 292% p.a. (fixed). Representative APR 1306% and total payable: £332.00, in 4 payments of £83.00.
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Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

We compare payday/short-term loans from

Lending Stream Instalment Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
Mr Lender Short Term Loan
Moneyboat Short Term Loan
Fund Ourselves (Welendus) Short Term Loan
CASH4UNOW Short Term Loan
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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