Loans Like Drafty Loans

£50 £2,000
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£0 borrowed over 0 days
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due Saturday 28th May
Total payable £
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Representative example:

Borrow: £500 over 16 weeks. 4 repayments of £183.59. Total amount payable £734.36. Interest rate: 151.4% pa (fixed). Representative 766.18.% APR.

Warning: Late repayment can cause serious money problems. For help, go to moneyhelper.org.uk

Compare high cost short term quick loans at www.choosewisely.co.uk

If you are looking for payday loans like Drafty, we can offer something even better. Fast Loan is a lender of short term loans that can offer you the financial help you need, the very same day. Unlike Drafty Loans, we do not offer lines of credit, but instead offer short term, high interest payday loans to help you out in your time of financial need. No matter the reason that a loan is needed, we can help, as long as you can prove your current affordability.

Find out how Drafty Loans UK compares to Fast Loan here; you won’t be disappointed. Click Apply Now and get instant approval for a loan today.

Who Are Drafty Loans?

Drafty Loans are an alternative lender, offering lines of credit for applicants with bad credit or a poor credit history. Part of the GAIN Credit LLC group, their practices are entirely legal, but all lending decisions are usually decided upon based on your affordability. Fast Loan takes a different approach, assessing a variety of factors to deem you eligible for an urgent loan. Loans like Drafty will look at your recent financial history, making a decision based upon this.

Drafty Loans UK Terms

Drafty loans span between £50 - £3000, whereas Fast Loans allows you to borrow a maximum of £2000. This allows you to borrow money for larger expenses, with payday loans like Drafty offered as a line of credit, allowing each applicant to decide upon their own chosen limit. Payday loans like Drafty differ from Fast Loan’s offering as rather than having the money directly transferred to your bank account in a quick and easy way, you will spend up to your chosen limit in a similar way to a credit card. Drafty Loans UK are flexible, but the maximum repayment period is 12 months, letting you repay as much or as little as you like back each month. This could well cause complications down the line, especially if you have a large lump sum to repay at the end of your Drafty Loans terms.

Drafty Loans APR statement is as follows:

Drafty is a credit line with a Representative 89.7% APR, and a maximum APR of 91.2%. If you draw £50 against your credit line at 89.7% APR, it would be paid off in 6 months for a total of £60. 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. We don’t offer fixed loans under 60 days

Why Choose Fast Loan?

At Fast Loan, we offer payday loans with reasonable rates to help our customers out in the short term. When you use us as your direct lender, you can expect an exceptionally short application process, saving you time that is much needed in your time of crisis. By applying with Fast Loan today, we can then work quickly to provide an agreement in principle, so you won’t be left waiting to find out. As many direct lenders offering loans like Drafty allow you to pay back as much or as little back as you like each month, this can result in numerous complications down the line.

Fast Loan has and always will take a customer-first approach and our approval process differs greatly from other loan direct lenders such as Drafty Loans UK. We cannot offer you loans with no credit check by law, but this is nothing to worry about. Credit checks are a legal requirement, but whether you have a low credit score or not, we will still take the time to assess your finances further.

If approved and your signed digital credit agreement has been signed, you could receive a payday loan from Fast Loan into your bank within 15 minutes.

Eligibility to Apply with Fast Loan


We keep our application process simple for our customers which also means our criteria to apply is also straightforward. To be eligible to apply today, you will need to meet the following:

  • Aged 18 years or over 
  • Current UK Resident 
  • Be in Full-time, Part-time or Self-Employment 
  • Receive a Regular Income 
  • Have a valid Bank Account and Debit Card 

If we cannot determine you can afford the loan, we will have to decline your application. As part of the approval process, you will also be required to provide proof of ID, proof of address and your last 3 months bank statements.

Apply Now with Fast Loan
If you’re looking for instant cash today, and you have proven your affordability, we can provide you with the money you need. As Financial Conduct Authority (FCA) approved direct lenders, we work to responsible lending guidelines to ensure your application is treated fairly and to determine you can afford the loan amount. If you have any questions about our loans or loans like Drafty loans, please get in touch. To start your application for any of our other loans, click apply now.

Loans Like Drafty: Things To Bear In Mind

As Drafty Loans UK offer a recurring credit line, similar to that of a credit card, you can pay the minimum amount, or simply just the interest of payday loans like Drafty each month. You will never pay back the original amount borrowed. If you find you are struggling to keep on top of your finances, you could well run into a situation where payday loans like Drafty put you into a worse financial position of debt. Never over borrow when taking out payday loans like Drafty and always make a clear financial plan.


Apply today from trusted short term loan lenders, offering payday loans like Drafty with much better terms.

Drafty Loans FAQs

Are Loans Like Drafty Safe?

Payday loans like Drafty can be risky. As you will need to maintain repayments to protect your credit score, you need to ensure you are able to do so in a timely manner. Look at all other options before opting for payday loans like Drafty offer, and instead perhaps use a trusted lender like ourselves.

If you are struggling to make adequate repayment, contact the Money Advice Service for financial advice today.


Will Drafty Loans UK Impact my Credit Score?

It is possible that taking out loans like Drafty, such as a line of credit, will have a negative impact on your credit score. This will occur if you cannot make timely payments, as outlined in your agreement within your Drafty loan. If you have a low credit score, you can improve it by taking out a short term loan with Fast Loan today, and paying it back promptly.