WARNING: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Please note: We are a broker, not a lender, and do not make credit decisions.
Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable).
Subject to application being approved by the lender. Not all lenders are able to provide up to £5000
We are on the FCA register please see here
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.
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:
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
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.
Here are some of the Drafty reviews:
Drafty certainly has some very impressive reviews, making them one of the leading lenders in the UK.
Here is all the contact information for Drafty:
We have found the most common FAQs about Drafty:
If you need to make a complaint to Drafty you can do so by their contact form on their website.
As mentioned above their APR is 89.7%, which is much cheaper than most payday loans direct lenders.
Their contact address is Wisteria Grange Barn, Pikes End, Pinner, London, HA5 2EX
Drafty’s email address is [email protected]
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
1st Class Loans
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Monday - Sunday: 00:00 - 23:59
Office 131, Silk House, Park Green, Macclesfield Sk11 7QJ
UK
Phone:
No
[email protected]
£100 to £5,000
Here at 1st Class Loans, we strive in providing a seamless, online service to all of our customers, in their search for an online payday loan. Our business model is designed to provide such a first-class service, that our customers would be happy to recommend to others. We aim to be your number one choice for your financial needs in the market.WHAT SERVICE DO I GET WITH 1ST CLASS LOANS? Our introductory service provides you with a simple and fast online lending application process, providing you with an instant online decision for your payday loan.The security of your personal data is important to you, which makes it a priority to us. That's why 1st Class Loans does not retain any of your personal information. We will only ever ask you for personal details which relate to your loan application and nothing additional for research or marketing purposes unless you want us to. If you're not satisfied – we're not. Please tell us if you feel there is anything that we can do to improve your experience by visiting our Contact Us