Drafty Loans UK, Apply for a Drafty Loans Alternative Online

Drafty Loans Alternative

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Representative example: Borrow £700 for 5 months. 1st monthly repayment of £235.80, 3 monthly repayments of £235.80, last monthly repayment of £235.90. Total repayment £1,179.10. Interest rate p.a. (fixed) 222.79%. Representative APR 832.04%. Our APR includes all applicable fees. Daily interest is capped at 0.793%.


If you need cash to cover a short term position, you can find many lenders offering loans like Drafty online. Here at Payday Loans Net, we offer an alternative to Drafty loans that could be ideal for you when needing to settle an unexpected expense. With our quick application, we can provide a fast decision that won’t keep you waiting, and provide flexible loan options. Choose a loan between £300 – £1,000 and a repayment term between 3 – 6 months, then see how much this will cost in our loan calculator.

To begin your application, just click apply now and we’ll work fast once you’ve completed our short form. If you are successfully approved for a short term loan, we can transfer the funds the same day, and you won’t have to be concerned with any credit limits like those offered by Drafty. Simple and quick to use, see how Payday Loans Net can help today.


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Drafty Loans Login – How Does it Differ?


If having access to your account once you have an agreement in place is important to you, at Payday Loans Net we can offer the same service. Similar to the Drafty loans login page, through us you can:

  • Check your payment schedule
  • Edit your personal details
  • Make payments online
  • Repay early online

We know that convenience is a high priority for customers, so being able to access our website 24/7 ensures you can always find out the information you need. You can apply for payday loans at any time of day or night, whenever you need them. As soon as we have your application, we can process during our opening hours of Sunday to Friday, 8am to 5pm, and provide a quick lending decision process. We don’t use automated lending, so we assess individual applications and perform credit and affordability checks to determine you can afford the loan. This means if you are someone with poor credit, you can apply with confidence that we won’t reject your application straight away. Whilst we cannot guarantee approval, we will consider those with varying credit histories, helping you get the cash you need in an emergency when you don’t have the savings available.

Trusted Direct Lenders of Loans Like Drafty


We are Financial Conduct Authority (FCA) approved direct lenders, working to responsible lending guidelines. We take our commitment to this seriously and always ensure those that are approved for a cash loan through us can afford to maintain it. We cannot provide loans to those in financial difficulty, and we perform both credit and affordability checks to ensure this. You should always look to borrow from a trusted and reliable source, especially when looking for an alternative to Drafty loans.

When comparing lenders, you should always check they are FCA authorised. You can do this by checking the FCA register and entering the name of the lender. You should be able to match the authorisation number with that published on the lender’s website. For example, our authorisation at Payday Loans Net is 714479. It’s important to stay safe online and ensure the lender is treating you fairly. We provide transparency throughout your application and you’ll eb able to see the cost of the loan before proceeding. We do not charge any fees to apply and there are no hidden fees either.

Apply with Bad Credit for Payday Loans Like Drafty


Having bad credit can be a disadvantage when looking to borrow money, but this will depend on the lender you choose. Whilst some will only be able to help those with a good credit rating, such as some lenders of personal loans, others can provide the help you need. At Personal Loans Net, we are able to help you if you can afford repayments even if you have a low credit score. As part of the lending decision process, we can consider your application even if you have had a history of arrears, defaults, or even a CCJ.

If your financial troubles are in the past, and your current finances are healthy and showing affordability despite a low credit rating, we welcome your application. We cannot guarantee you will be approved until the necessary checks are made, but if successful, we can provide the cash with our payday loans like Drafty the same day.

Drafty Loans FAQs


Can I increase my credit limit with a Drafty loans login?

Not exactly. When you initially apply with Drafty, they will approve you for a specific credit limit. If your payment history is satisfactory and you meet the suitable credit and affordability criteria, they will contact you to offer you an increase in your limit. You can then accept the increase within 30 days via the login area. It is not recommended to increase your credit limit beyond what you actually need. At Payday Loans Net, we provide approval on the loan amount you request, rather than a line of credit to use, making it easier for you to manage repayments and stay on track.

Can I close my Drafty Loans UK account online via the login?

No. Drafty will only allow you to close your account via phone or email. Although keeping your Drafty account open is entirely free, it is not recommended to keep it open if you don’t need it – to ensure you don’t end up using it out of convenience rather than necessity. With us, if you require assistance with your account, all you will need to do is contact us via email or phone.

Can I submit requested documents via my online account?

In the event Drafty requested additional documents to support your application, you will only be able to send them by email, SMS, or fax. With Payday Loans Net, for most applications there will not be a need to submit documentation as we use a fully online process. In the rare situation we need to request documentation, we will contact you directly to advise further.

How quickly will I receive the approved funds with Payday Loans Net?

Once you have been approved, with the process very fast, we’ll work quickly to transfer the funds to your bank account. This can be within just a few hours of approval and will be on the same day. If you application is made outside of business hours, then we will process as soon as possible on the next working day. Your bank will also need to provide faster payments to ensure this reaches you quickly.

Drafty Loans Login Vs Payday Loans Net Login


To summarise, we’ve put together a table comparing the features of the Drafty loans login and Payday Loans Net’s login areas:

Feature: Drafty Login PaydayLoansNet Login
Check Payment Schedule Yes Yes
Edit details Yes Yes
Make regular payments Yes Yes
Repay early Yes Yes
Has an app Yes Yes

Aside from the features mentioned above, Payday Loans Net’s defining login area feature is our savings calculator. When you have an existing short-term loan, you can log on at any time and see how much money is remaining on your account and how much you can save with early repayment. Not only can you repay your loan in full early, but you can also make smaller payments as you go along to save you money.

If you’re looking for a safe instalment loan online instead of a credit line as offered by Drafty loans, apply here today with Payday Loans Net. If you have any questions, please contact us directly and we’ll be happy to help. If you are currently experiencing financial difficulties, please visit Money Helper for more information and impartial advice.


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About Drafty Loans UK


Drafty Loans UK, launched in 2017, is a trading name of GAIN CREDIT LLC. Unlike the other lenders, Drafty does not offer loans in the traditional sense. Rather, they give you access to a ‘line of credit’ similarly to a credit card. Drafty loans offer credit lines ranging from £50 to £3,000.

At Payday Loans Net, we don’t offer a credit limit, instead we provide loans between £300 – £1,000 which you can choose the value of and the repayment term, between 3 – 6 months. You can use our loan calculator to see how much this will be and adjust repayments to what you can afford.

How to Apply for our Alternative to Drafty Payday Loans

To apply today for our loans like Drafty alternative, you will need to meet the following eligibility requirements:

  • Reside in the UK
  • Have a UK bank account
  • Have a steady income

You will also need to be at least 18 years of age, and once submitted, we’ll work quickly to provide a decision. This way you won’t be left wondering if you’ve been approved and once you are, we can transfer the funds straight into your bank account the same day. Below is a comparison of a representative example with our loans and Drafty payday loans.

A representative example of a Drafty Loans Credit Line

The total amount of credit: £1,200
Duration: 1 year
Repayment total: £1601.40
Interest is fixed at a rate of 65.7% per year | Representative 89.7% APR
Representative example of a loan with Payday Loans Net

The total amount of credit: £500
Duration of agreement: 4 months
Repayment total: £863.24
Interest is fixed at rate of 270.10% per year – 0.8% interest per day | Representative 997% APR
£215.81
Instalment 1
£215.81
Instalment 2 & 3
£215.81
Instalment 4
Warning: Late repayments can cause you serious money problems. For help, go moneyhelper.org.uk