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

Rates from 12.9% APR to 1721% APR. The minimum Loan Term is 3 months. The maximum Loan Term is 36 months. 

Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97% Representative APR: 79.5% (variable)

Please note: We are a broker, not a lender, and do not make credit decisions.

Subject to application being approved by the lender. Not all lenders are able to provide up to £5000

We never charge any fees,
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Drafty Loans

On this page, we will give you a full guide to Drafty Loans, a loan website offering alternatives to payday loans. They also won Consumer Credit Awards 2018.

Who owns Drafty loans?

Drafty loans are owned by Gain Credit, a company you might off heard of before as they also own Lending Stream which is one of the UK largest payday loan companies.

Gain Credit is a Fintech company which are based in UK, America and India. They are huge company have some quite incredible statistics. On their website they claim they have:

  1. 370000 customers
  2. 14,000 desktop visitors
  3. 50,000 mobile visitors

They also have a 3rd UK loan website – Oye Loans, however, this website isn’t currently taking loans right now due to Coronavirus.

Gain Credit are registered in the US under the Companies House number: FC032134

They are registered and regulated by the FCA, their registration number is 689378

What loans do Drafty offer?

They advertise that they are cheaper and faster than payday loans.

They offer loans from £50 to £3,000 to UK customers.

Their representative APR is 89.7%

This is considerably cheaper than payday loans.

Drafty Reviews

Here are some of the Drafty reviews:

Drafty certainly has some very impressive reviews, making them one of the leading lenders in the UK.

Drafty Contact details

Here is all the contact information for Drafty:

FAQs about Drafty

We have found the most common FAQs about Drafty:

Where do I make a Drafty complaint?

If you need to make a complaint to Drafty you can do so by their contact form on their website.

What is Drafty’s RAPR?

As mentioned above their APR is 89.7%, which is much cheaper than most payday loans direct lenders.

What is there contact address for the UK?

Their contact address is Wisteria Grange Barn, Pikes End, Pinner, London, HA5 2EX

What is their email address?

Drafty’s email address is [email protected]

What’s the difference between 1st Class Loans and Drafty?

Drafty is a direct lender, whereas 1st Class Loans is a broker. As a broker, we work with a lot of lenders. So this can increase your chances of getting a loan if you have bad credit.

A lot of people searching for loans prefer to work directly with direct lenders. This was due to the industry prior to FCA bringing in new regulations regarding payday loans.

Brokers use to charge a finder’s fee and what was really wrong, is that some brokers would charge the fee even if they couldn’t find them the loan.

This is where brokers have got a bad reputation, however, that has since changed since the FCA got involved and nearly all brokers don’t charge a fee. Here at 1st Class Loans, our services are 100% free and we will never charge a penny.

Useful Links

Quick Loans – This page talks about fast loans

Alternative page – This page you will be able to see all the alternatives that we do.

Payday Loans bad credit – Page dedicated to loans for bad credit no guarantor


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