About Drafty Loans

Drafty is part of Gain Credit (formerly Global Analytics) who are more well known for their Lending Stream brand that provides fixed 6 month loans. Whilst Stream lacks flexibility, this isn’t the case with the impressive line of credit facility packaged together here. This project was tested throughout 2015 and the full launch would follow in summer 2016. It is clear that they were greatly inspired by the early traction of SafetyNet who opened with this concept in the UK back in 2014. Drafty’s service is competitively priced with high sums available making this a worthy overdraft alternative. It is however prime specialised and you’ll need to be earning at least £1250 monthly.

The low interest rate is the standout quality in place here. This fixed rate comes in low at 0.18% daily that creates highly competitive short term and instalment term prices. The value does slip as you head close to a year and so shorter borrowing is advised. Drafty’s growth has been improving consistently. In the various niches competed in, they usually rank between the top 5 and 10 spots for Alexa ranks. This is notable, but you’d perhaps expect more investment from the owner who pours plenty into Lending Stream. Drafty’s support team is available 7 days a week and existing customers have access to funds 24/7. This pot can be £3000 max (new) or £5000 (return).

Company Details

Address: Wisteria Grange Barn, Pikes End, Pinner, London, HA5 2EX

Brand: Drafty (aka: Draftie)

Company: Gain Credit Llc (subsidiary of Gain Credit Inc)

Contact (📧): customercare@drafty.co.uk

Contact (☎): 0203 365 0135

FCA Licence: 689378

Launched: 2016

Niche: Credit line, payday, instalment, personal

Opening Hours: Mon/Fri (7am-10pm), Sat/Sun (7am-10pm)

Related Brands: Lending Stream

Site Address: www.drafty.co.uk

Site Rank (Alexa.com Global): #2,218,634

Product Specs

Amounts Available: £50 to £3000 (£5000 on reloans)

Late Payment Fee: £0

Login Provided: Yes

Pricing: £5.40 /£100 (1m) & £97.20 /£300 (6m) & £657 /£1000 (12m)

Repayment Terms: 1 day to 12 months+

Review Feedback

Feefo: Not listed

Reviews: 95% (710+ count)

Trustpilot: 92% (9670+ count)

Rivals & Similar Lenders Like Drafty

There 2 other rival credit line facilities that each arise from Indigo Michael noting SafetyNet and Tappily. Of this pair, an improved rate is available from Tappily and they also provide larger amounts of £100 to £2500. This is however still less than what’s available from the Drafty loans that are also cheaper. To highlight this, the £100 monthly difference is £5.40 here vs Tappily’s £10.20 and at 6 months for £300 it’s £97.20 here vs £183.60 that is a notable difference. There are however much better deals when you extend to a year. Instead of paying £657 per £1000, you could instead use a subprime lender like Likely Loans and pay just £278.

Last Check @ www.drafty.co.uk: February 12th, 2020