Quidmarket will never charge you any fees. You should never pay upfront fees for a loan or send money in return for a loan.

Drafty Alternative

We do not offer a Drafty credit line, but instead, provide short-term loans for those with temporary cash flow issues. Need to know more about our alternative to Drafty loans? Find out here.

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£300 £1500
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As a new customer the minimum repayment period is 3 months and the maximum is 6 months. Additional options may be available to you as a repeat customer. *Applications submitted outside normal business hours will be processed on the next working day. *All applications are subject to affordability checks*

Representative example: Borrow £300 for 3 months / Interest payable £154.38 / Total amount payable: £454.38 in 3 instalments / 3 payments of £151.46 / Representative 1307.1% APR / Interest rate 292% per annum (fixed) / Maximum APR 1623.90%

Compare short term loans on Clear and Fair

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Help With Your QuidMarket Loan

To help you make an educated choice about which lender to choose, we want to highlight some options available in the market and help you with comparing your options. Drafty is a payday loan alternative lender providing loans between £50 to £3,000 for UK applicants. This is offered through lines of credit, which allow their customers to borrow up to the credit limit that they choose and repay over a set term.

Instead of choosing a Drafty credit line or Drafty loan, we want to show you why a QuidMarket alternative could be a better choice. We are a small company with a professionally trained team ready to receive your application and who will assess if you can afford your loan repayments. We believe that communication is the most important factor between a direct lender and their customer, so we make ourselves as available as possible for our applicants.

Why Choose QuidMarket Loans?

If you are looking into alternatives for loans like Drafty, we may just be the ideal solution. However, we suggest that you research your desired loan provider as much as you can before entering into an agreement. Reading loan reviews and creating your own comparisons are a great way to determine whether the lender is right for you, but here are a few reasons why we think you should consider QuidMarket:

icon check image Easy To Apply You can use our online application to apply for a short term loan in minutes. We only ask for a few basic details and our team will be in touch before you know it.
thumbs up image Affordable We pride ourselves on complete honesty and transparency, so we guarantee no nasty surprises or hidden costs with our short term loans.
wallet image icon Trusted Lender QuidMarket is proud to be FCA-authorised and this allows applicants to confidently apply for our loans.


We know that it can be difficult to figure out whether or not you can afford a short term loan. Instead of a Drafty loan, comparing companies like Drafty will help you gain an understanding of similar financial products available including our quick cash loans, enabling you to find one that best fits your needs. You can apply with us online or speak to our team to understand our interest rates and fees before you submit your application.

Submitting an application does not mean you’ll be automatically approved for a loan. We want to ensure that you can afford to repay your loan and sustain it, which is why our expert team of professionals will complete an affordability check using the details that you provide us with. You’ll be able to talk to our team, who will help you work out what you can afford to repay after you receive your loan.

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Options For Bad Credit

Not all companies like Drafty offer loans to those with bad credit, so if you have been turned away by other providers, QuidMarket may be able to help. We consider all applications as an alternative to Drafty despite your current credit score, basing our bad credit loans on your affordability. This is to ensure that you have the means to make repayments comfortably each month without being left out of pocket. Instead of viewing your whole credit history, we will assess your monthly income, your essential spending, and any other financial commitments you might have. With a personal approach, we can fully understand each applicant’s financial situation to make our lending decision.

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Apply For Our UK Drafty Alternative Today

We want you to be completely confident in your choice when it comes to searching for alternatives to Drafty loans in the UK. There is no rush for you to make a decision on the spot. However, if you need a quick solution, QuidMarket could be the perfect option.

Our short term loans have been designed to be manageable and affordable for 3-to-6-month periods, making them ideal for temporary financial issues. If you have any questions about our loans, please contact us and our team will be happy to help.

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Flexible Loans For You

We aim to go above and beyond for our applicants to keep our loans as flexible as possible. We want to offer every applicant the opportunity to pay their short-term loan over a period that suits them and provide the amount of cash needed for their financial situation. Whether they have a temporary cash flow issue or an unexpected emergency, our short term loans are designed to help. Our loans start at £300 up to a maximum of £600 for new applicants, with a variety of amounts in between.

Whether you are looking for same day loansno credit check loans or something completely different, we do not charge any late payment or upfront fees. Instead, we will clearly explain the loan and repayments before we come to an agreement and there will be nothing more to pay.

  • 01 Application Process

    Our application process is quick and easy. Within minutes of submitting your application, you’ll receive a decision in principle agreement.

  • 02 Approvement Process

    Our experienced team will carefully assess your application and conduct credit and affordability checks to ensure that you can afford the loan.

  • 03 Loan Repayment

    We’ll set up a Continuous Payment Authority (CPA) on your bank account, which will automatically process your repayments until your loan is fully repaid.

Related News / Guides

Drafty Loan Alternative FAQs

Drafty loans start from as low as £50 up to a maximum of £3,000, so they can cater to longer periods of financial difficulty or large expenses. This is offered as a line of credit, which allows applicants to spend up to their chosen limit, rather than having the funds transferred into their bank accounts. It’s mistakenly thought that Drafty is a payday loan, and though it may seem like it, Drafty is not.

At QuidMarket, we offer our new applicants short term loans that start from £300 up to a maximum of £600. We never want applicants to take out more than they can afford, which is why we set our limit at £600 for first-time borrowers. However, if you loved our services and return for another loan, you may be able to borrow up to £1,500, depending on your affordability.

The terms for Drafty loans in the UK are flexible, but the maximum amount of time you can set for repayments is 12 months. They state that as long as you make the minimum monthly repayments, you can borrow for as long or as short an amount of time as you like. You also only pay interest on the amount you draw from the Drafty line of credit, so if you do not draw anything, you will not pay interest. As QuidMarket offers short-term loans, we offer terms between 3 months and 6 months for new customers, because we feel it is right for borrowers to repay over a period of time that is manageable for them. We keep our terms within reach so that applicants do not borrow for an amount of time that they cannot afford.

In order to make our alternative to Drafty loans sustainably affordable for every customer, we offer tailored quotes based on your unique financial situation. The amount you repay will vary depending on the term you choose, so you can use the calculator tool on our homepage to work out an estimate of the costs for the loan you need. You can also rest assured that we follow the FCA’s guidelines on costs for short term loans, which means you will never pay more than 100% of the original loan amount (including interest and all other costs). We are always as transparent as possible with our loans, clearly laying out the full cost of your loan with no hidden fees or extra payments.

Applying for any type of loan is a risk, as you will need to maintain repayments and protect your credit score. There are many things to consider before you apply for a loan, which will help you to decide whether they are right for your circumstances. Firstly, it is essential to look at your other options first, such as using a credit union, using your savings, or borrowing from friends or family. These options can be much more affordable ways of borrowing with lower or no interest rates. However, if you decide that a loan is the best choice, make sure you have the means of repaying. Missed repayments can damage your credit score and lead to difficulties when applying for credit in the future. As providers of direct loans like Drafty, we are always on hand to help, so if you feel like you may struggle to repay an instalment on your loan, please contact us straight away.

If you have a low credit score, you may have tried searching for various ways to improve your rating. There are plenty of methods you can use, including:

  • Registering on the electoral roll.
  • Checking and correcting any mistakes on your file.
  • Avoid submitting too many credit applications at once.
  • Paying your bills on time.
  • Keeping your credit utilisation low.

However, you may also see some improvements to your credit score by paying off instalment loans in full. This will only apply if you can repay the minimum each month to avoid defaulting until the full amount is repaid. Once completed, a repaid account will show up in your credit history, allowing future lenders to see how responsible you are with managing repayments, and potentially improving your rating.

To be eligible to apply for our short-term loans here at QuidMarket, you must:

  • Be between the ages of 23 and 65.
  • Be a resident of the United Kingdom.
  • Have a valid mobile number to receive text messages.
  • Possess a current UK bank account with a valid debit card.
  • Be employed and receive a take-home salary of at least £1,250 per month.

If you meet this criteria, you can apply online today. We only ask for the information that we need to process your loan application. To start your application for a short-term loan, simply click Apply Now.

Warning: Late repayment can cause you serious money problems. For help, visit: www.moneyhelper.org.uk