Company profile:

Drafty Credit Line

89.7% Representative
Loan amount:
£50 - £3,000
Loan term:
1 - 60 Months
82.4/100  Read expert review
Time to apply:
02m 44s - OK
An application with Drafty Credit Line takes roughly 02m 44s seconds to complete. We think this is OK.

Average user rating

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Representative Example: If you borrow £200 over 1 month at a representative rate of 89.7% APR and an annual interest rate of 65.70% (fixed), you would pay 1 monthly instalment of £211.16 (based on a 31 day month). The total charge for credit will be £11.16 and the total amount payable will be £211.16.

About Drafty Credit Line

Drafty, a brand of Lending Stream, are a direct lender of credit lines up to £3000 with a representative APR of 89.7%. Their fluid approach to lending means that you can draw additional funds charged at 0.18% daily interest on top of your monthly repayment.

Credit lines are a flexible borrowing solution similar to an overdraft. Customers hold accounts with their required amount as the limit, and then draw against this pool of money as and when they need to. Monthly minimum payments need to be made in order to pay down the credit line which can then be drawn again and so on. This means that unlike traditional loans, customers can borrow only what they need and only when they need to.

Although a spotless credit history isn’t required for a Drafty loan, they do take into account your credit history during the application process and will only offer you credit when they think you can afford to repay. In addition, if you have shown that you have a history of good repayment behaviour, then you may be able to get an extension on your credit line and have access to further funds.

Company information

Registration No:
0203 564 7028
Lending Stream, Wisteria Grange Barn, Pikes End, Pinner, London

FCA registration

Reference No:
Trading names:
Lending Stream
Get More Out Of Life Loans
6 Month Loans
Place of business:
2711, Suite 400, Centerville Road, Wilmington, New Castle, Delaware 19808, United States

Data protection registration

Registration No:
Data controller:
Lending Stream LLC
2711, Suite 400, Centerville Road, Wilmington, New Castle, Delaware 19808, United States

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Customer reviews

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Expert review of Drafty Credit Line

Our review by Alex Alex
Simplicity 67.4
Features 86.1
Consumer sentiment 89.9
Total OPTIOSCORE 82.4/100

With the free-spirited look of the website and approachable tone, Drafty present a good case for credit line style lending. Unlike traditional loans, credit lines give all control to the customer. Once you know how much you’re approved for, you can take out as much or as little as you need and only when it’s required. This fluid and flexible approach works in a similar way to an overdraft and seems like an alluring option for customers who don’t want to be tied into the rigidity of a more conventional loan.

With a quick online application, they have streamlined their process on the understanding that some customers may need funds sporadically. Once approval has been granted, they say that they can begin the transfer of the money within four minutes. However, this doesn’t mean that in under five minutes you can be flush with cash as you will need to take into account your bank’s procedures which could lengthen the time it takes for the funds to show in your account.

Finding reviews online for Drafty is as they are the new boys in town however their OPTIOSCORE shows a positive level of customer sentiment and their customer focussed website boosts confidence levels. Their FAQ section provides a lot of information about credit lines and will put customers who are unsure of this type of lending at ease.

Overall verdict: If you want to borrow money that you can dip into and pay back without the restrictions of a traditional loan set up, then Drafty could be a solid option. Just make sure you don’t fall into the trap of requesting a limit much more than you need as temptation may get the better of you  entering you into a cycle of repayments that end up becoming expensive.

Top choice for

  • Flexible borrowing and repayment
  • Credit line form of borrowing
  • Online access 24 hours a day, 7 days a week
  • Option to pay back higher amounts each monthly
  • Quotes don’t show on your credit report

Watch out for

  • You must have a minimum income of £1250 per month
  • You must be employed
  • You must be a UK resident
  • You must have a valid debit card and bank account

Fees & charges

  • Maximum APR 89.7%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment penalties: £0

Review Drafty Credit Line

Customer service

Choose Wisely has been rated 4.66 out of 5 by 32 people on

4.66 / 5 Rating
32 Reviews
Excellent choice if you need a loan . Great customer service and even a follow up email. Will definitely be using again if i need to.
I have not had a loan paid out from any company
Very quick and efficient. I would definitely use them again if the need arose.
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