Make an informed decision with our quick guide

Drafty is an alternative to a typical loan, credit card or overdraft. If you are successful in applying with Drafty, you will be offered a credit limit that you can access when you need it.


Who are Drafty?

Drafty are an award-winning credit provider who can give you a personal line of credit whenever needed. An alternative option to loans, overdrafts and credit cards, Drafty can provide you with a line of credit when unexpected costs arise. You can apply for a credit line of up to £3,000, which you can use whenever you need it, and only pay back what you have used.

Drafty is the trading name of GAIN Credit LLC, which is a subsidiary of GAIN Credit, Inc. Drafty is authorised and regulated by the Financial Conduct Authority (FCA).

What is a Drafty line of credit?

A credit line is a form of financial credit that you can use whenever needed. If approved for a Drafty credit line, you will be given a Drafty account with the maximum amount of credit you have been approved for. Your Drafty account will be connected to your chosen bank account, meaning you can transfer credit from your Drafty account into your bank account. With Drafty, you only get charged interest on the credit you withdraw, and you make a minimum repayment each month, or you can pay off more to save on interest. There are many advantages of using a credit line when in need of extra cash compared to other alternatives.

What makes Drafty different?

Drafty makes borrowing money easy and stress-free. Based on your financial history, Drafty will set a minimum monthly repayment limit, meaning you can make affordable repayments that boost your credit score. Additionally, there are no early repayment fees, meaning there is no limit on how much you pay back, so you can make larger repayments to save on interest.

A Drafty credit line is there when you need it, and you only pay back what you’ve borrowed, so if you don’t use any credit, you don’t need to pay anything back. What’s best of all, there are no late fees. Drafty understands that some months can be harder than others to make repayments. That’s why you won’t get a financial penalty for a missed monthly payment; however, it will affect your credit score and how much you will be able to borrow in the future.

Drafty FAQ's

What you need to know about a credit line from Drafty?

Representative 89% APR

Representative Example: Borrowing: £1000 for 18 months, Total Repayable: £1853.43, Total Interest: £853.43, Interest Rate (Variable): 89.9%. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. Loan term lengths from 3 to 36 months. Subject to lender’s requirements and approval.

Sunny Loans is a registered trading name of Upward Finance Limited, who is an introducer appointed representative of Flux Funding Limited, who is a credit broker, not a lender. Loan repayment terms are 3-36 month loans.

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

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Representative 89% APR