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.

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.

Online lenders like Drafty

NameEstablishedLoan types
Drafty Line of Credit Drafty Line of Credit 2015 Line of credit Go to site
Fund Ourselves (Welendus) Short Term Loan Fund Ourselves 2016 Peer-to-peer instalment loans More info
Creditspring Membership Creditspring 2018 Instalment loans through a membership scheme More info
Lending Stream Instalment Loan Lending Stream 2008 Instalment loans Go to site
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 - 5 of 5
Name Product UKFSL Available Amounts Monthly repayment Total payable Link
Drafty Line of Credit
£50 to £3,000
Go to site
View details
Representative Example: Assumed credit limit: £1200. Representative 96.2% APR (variable). Annual interest rate 69.4% (variable).
QuidMarket Short Term Loan
£300 to £1,500
Go to site
View details
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1304.9% and total payable £454.38 in 3 instalments of £154.38.
The Money Platform Short Term Loan
£100 to £1,000
Check eligibility
View details
Representative Example: If you borrow £500 over 6 weeks at a Representative rate of 497% APR and an annual interest rate of 23.1% (fixed), you would pay 1 payment of £615.50. The total charge for credit will be £115.50 and the total amount payable will be £615.50.
Moneyboat Short Term Loan
£200 to £1,500
Go to site
View details
Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative APR 1,267.9%.
Lending Stream Instalment Loan
£50 to £1,500
Go to site
View details
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.
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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

Drafty Line of Credit
QuidMarket Short Term Loan
The Money Platform Short Term Loan
Moneyboat Short Term Loan
Lending Stream Instalment 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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

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Chris has written 617 Finder guides across topics including:
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