A loan to consolidate existing debt
Rise out of debt quicker by lowering the cost of your credit cards & overdrafts.
Representative 26.5% APR
Break the credit card cycle.
Juggling different due dates and high interest rates can be stressful. An Updraft loan is designed to combine your card balances into one, simpler monthly payment.
With a single payment and a clear loan term, you could clear your debt sooner. And with no settlement fees, you have the flexibility to pay it off early if you choose.
By consolidating existing borrowing, you may extend the term of your debt and increase the total amount you repay. Failure to make payments on time means you will pay additional interest and may make obtaining credit in the future more expensive and difficult.
Try our Pay Off Calculator & see what you could save
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How much do you pay monthly?
26.5% APR representative based on a loan amount of £10,000 over 60 months at a fixed interest rate of 21.9% p.a. This would give a monthly repayment cost of £286.65 per month, with a total cost of credit of £7,198.74 (includes loan fee of £400) and a total amount repayable of £17,198.74.
From held back to lifted up
See how our users rise above debt & get better credit
jackue
Fantastic Company
From start to finish the staff were fantastic....kept me informed and did everything they could when my bank would not connect....so we got over that hurdle and that was it....money was in account ...
August 6, 2025
MISS CARLA HANSON
Super quick and easy
Super quick and easy. I wasn’t given the total amount needed but the amount i have been offered will significantly reduce my monthly outgoings
August 6, 2025
Steve Smith
Excellent company to deal with
Excellent company to deal with, no problems, reasonable interest rate
August 6, 2025
MARIA GALLEGO
Very good customer services thanks
Very good customer services thanks
August 5, 2025
suzanne
Easy application process
Easy website to use, application process was easy too, less than 5 minutes. Acceptance was quick and the money was in my bank within 24hrs.
August 5, 2025
Daniel Otoole
Quick service
Quick service
August 5, 2025
Mrs Alex Boyle
Excellent
Excellent, quick and easy.
August 4, 2025
Mr zen Pirate
Just all round clear and helpful
Just all round clear and helpful, easy steps throughout.
August 4, 2025
Sun
LOOKED AT ME AS A HUMAN!!!
Super easy, money received and no judgement at past history. Looked at me as a person and not a statistic so unusually refreshing!
August 4, 2025
Helen Gregory
Fantastic service
Fantastic service, quick application, fair decision and fast payout. Highly recommend
August 3, 2025
Nicola B
Very impressed by the whole experience
Very impressed by the whole experience. I didn’t get a decision straight away but it was in under a week and I was very happy with both the amount offered and the interest rate charged. This means ...
August 3, 2025
Matt Woollard
I’d never dealt with Updraft before
I’d never dealt with Updraft before, but so far I must say that I would happily recommend their service to friends and family. Nice and simple, very clear too.
August 3, 2025
MARIA GALLEGO
Excelente experience and very efficient…
Excelente experience and very efficient service thanks
August 2, 2025
suzanne
Really easy to use
Really easy to use, money paid into my account within 24hrs.
August 1, 2025
Nathan
Very good and thorough application…
Very good and thorough application process I was rejected a while go before being accepted shows they take the responsibility as a responsible lender very seriously will help me lower my monthly ou...
August 1, 2025
Simone Williams
I was approved for a top up loan which…
I was approved for a top up loan which I was very surprised with, it was fast no judgement and easy process. Very impressed
August 1, 2025
Lee Hughes
Quick and efficient
Quick and efficient
August 1, 2025
Rated 4.8 stars
Here’s what you’ll need to apply
You’ll need to be aged between 18 & 72 years old with a history of using credit.
You’ll need to receive an annual income of at least £10,000 from employment or a pension.
Should you accept a loan offer, you will need a supported mobile device to download our app and manage your loan. Your mobile device must be running iOS 16 or later, or Android version 7.0 or later.
By proceeding with checking eligibility, you are agreeing to receive documentation (including any loan documentation) digitally through the Updraft app and to your email address.
You also acknowledge, should you accept a loan offer, you will only be able to manage this via the Updraft app.
About Updraft
Helping you get credit and build financial freedom.
At Updraft, we believe managing your money – and clearing debt – should feel safe, transparent and positive. We’re committed to doing things differently in this space.
Here’s what you can expect from us:
Award-winning: A trusted credit and bill consolidation lender.
Simple: Apply online in minutes — no paperwork, no hassle.
Empowering: Track your credit score and debt repayments in one app.
Popular: Almost 1 million installs across App Store & Google Play.
Trusted: Thousands of UK customers rate us Excellent on Trustpilot.
Supportive: Built to help you clear debt and take control of your finances.
Frequently Asked Questions
Checking your eligibility won’t affect your credit score, so it’s risk-free to see if Updraft is right for you.
Is Updraft regulated?
Yes - Updraft is a trading name of Fairscore Ltd. We’re authorised and regulated by the Financial Conduct Authority.
Will checking my rate affect my credit score?
No – checking your rate is quick and won’t affect your credit score.
We’ll only carry out a soft search to show you your personalised rate. If you decide to go ahead and apply, we’ll then run a hard credit check, which will leave a mark on your credit file and may impact your credit score.
How much can I borrow?
Loan amounts depend on your credit and affordability, but we typically lend between £1,500 and £20,000.
What’s the interest rate?
Your rate will depend on your personal circumstances, and you’ll see your exact offer before deciding to go ahead. Our representative APR is 26.5%.
Can I repay my loan early?
Yes - you can repay your loan early at any time, and we won’t charge any fees for doing so.
Will consolidating my debts affect my credit score?
It can – but it depends. Consolidating your debts with a single, affordable loan can help improve your credit score over time, especially if you make repayments on time.
However, consolidation doesn’t guarantee that we’ll be able to cover all your existing debts, and like with any credit, missing payments can harm your credit score.
What happens if my circumstances change?
We know life doesn’t always go to plan. If things change and you’re struggling to make payments, get in touch with our support team. We’ll work with you to find a solution that helps.
By proceeding with checking eligibility, you are agreeing to receive documentation (including any loan documentation) digitally through the Updraft app and to your email address.
You also acknowledge, should you accept a loan offer, you will only be able to manage this via the Updraft app.
Updraft Awards & Recognition
Recognised for helping UK borrowers take control of debt.
