Peachy Loans

1498 reviews

947% Representative

Will lend between: £50 - £1,000

Over: 1 - 12 Months

Representative example: Representative Example: If you borrow £400 over 6 months at a Representative rate of 947% APR and an annual interest rate of 259.33% (fixed), you would pay 6 monthly instalments of £125.13. The total charge for credit will be £350.75 and the total amount payable will be £750.75.

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  • Quick 40 second form.
  • No impact on your credit file.
  • Free personalised eligibility score.
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Peachy Loans customer reviews.

1498 reviews

4.4 out of 5 stars

Easy and Reliable
11:54 20-08-2014
ImageChoose Wisely

Using Peachy to apply for a loan was very quick and easy. There are a few details you have to fill out but it was very simple. I received an approval within 15 minutes and received the money later that day. No problems! I would definitely use them again.

Sophie

Great lender
10:03 08-06-2018
ImageSmart Money People

Great lender, friendly staff, quick and easy money in your account the same day.

Shanice

Peachy saved my life
20:02 05-06-2018
ImageSmart Money People

Peachy Helped me so much, I had a traumatic experience with an internal ulcer/abscess in my tummy, I had been of work and did not get sick pay at the time, peachy helped me get to and from hospital and try and live a normal life. I am so greatful about this. It's fast easy and friendly and even when I was having financial difficulties Peachy was so open to helping and co operating with a debt management plan. What a wonderful company. Highly highly recommend. Thank you Peachy!

Aimee Allen

SOOOO EASY!
07:42 30-05-2018
ImageSmart Money People

Epic, and easy to use -- would recommend to anyone!

Spencer Porter

Very good
15:46 24-05-2018
ImageSmart Money People

Very good reliable and quick payout

Elle

Outstanding service
14:13 23-05-2018
ImageSmart Money People

I was in desperate need of a small loan and luckily peachy was there to help me out. It was easy to understand and very straight forward. I would 100% use them again

Tom Stenhouse

Best Service ever had
04:31 22-05-2018
ImageSmart Money People

Was in struggle,now I will Cuddle

Maksims Zubkovs

Awful
13:25 02-07-2017
ImageSmart Money People

Annoyed with this company wouldn't recommend

George crowther

Happy customer
06:26 26-06-2017
ImageSmart Money People

Had friends inform me how good the company was to borrow money. I was in desperate need, so took a loan out. The service I received was excellent. Very pleased and extremely satisfied

Maria Sullivan

Peachy
14:54 16-06-2017
ImageSmart Money People

Peachy are reliable and supportive

Adrian hutt

Our review of Peachy Loans

Peachy Loans offer their loans at a representative APR of 947% which is mid-table on Choose Wisely. Something that does set them apart is that the lowest loan term is 15 days which is rare as most other lenders have a minimum payment term of at least one month. Also instead of having set monthly repayment dates, Peachy Loans allow their customers to log into their online account area and pay off the loan bit by bit if and when they have extra funds. There is no charge to do this and by doing so it will reduce the amount of overall  interest you’ll pay - worth doing if you can afford it.

Across the website there is a strong sense that Peachy Loans want to position themselves as a responsible lender, they have a page on the steps they take to protect their customers and there is a number of educational articles on their blog that discuss financial issues such as saving tips, increasing income streams and how to get the best deals on things such as holidays. They also pay close attention to the creditworthiness of their customers and state that only 2% to 5% of Peachy Loan applicants are actually granted the loan. This is refreshing to see and it does come across that they actually mean it, rather than using responsible lending as a marketing tool.

As with any high-cost short-term product the usual warning applies. If you have any doubt whether you can afford to repay your loan on time and in full, then don’t apply. By missing or being late with repayments, you will not only harm your credit file but could be subject to a number of fees, which can soon make things very expensive.

Overall verdict: A refreshingly responsible and transparent lender in the market. Their rates aren’t the cheapest, but with their proven customer service and repayment flexibility they could be a lender worth exploring if you are looking for a high-cost short-term loan.

Written by: Alex

Highlights

  • You can choose to make more frequent payments
  • You will be sent an email before your due date
  • Early repayments possible and can be requested by text
  • Live chat available on the website
  • Online account for easy loan management
  • Financial education articles and blog posts

Minimum criteria

  • You must be a UK resident
  • You need to be aged 18 or over
  • You must have a bank or building society account with a debit card
  • You need to have a mobile phone
  • You need to have an email address
  • No CCJs in the last 6 years
  • Must have a monthly income of at least £600

Fees

  • Maximum APR 947%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £15

Peachy Loans Customer Question & Answers

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About Peachy Loans

Peachy Loans offer short term, flexible loans from £50 to £1000 that can be borrowed over a loan term of 1 to 12 months. New customers can only borrow a maximum of £700, however for returning customers they may be able to borrow up to £1000 depending on their circumstances and whether the previous loan was repaid on time. Their representative APR is 947% which equates to 0.8% per day. Peachy loans do not charge any fee for repaying the loan early however, a £15 charge along with interest will be applied if you miss a payment.

The application is completed online and there are four sections; personal circumstances, contact details, information about employment and finally the applicant’s financial details  - so have these to hand to keep the application progressing swiftly. Once submitted you can receive a decision from Peachy Loans on the loan within seconds and if successful the loan can take up to an hour to show in your account.

Customers are able to check on the progress of their loan and make early repayments by logging into their secure account on the Peachy Loans website. Early repayment of the loan is possible and can be done by simply texting them and the funds will be collected from your account instantly.

Company information

Registration number: 7306662

www.peachy.co.uk

0800 0124 743

76 King Street

FCA registration

Reference No: 674331

Trading names: Cash On Go Ltd , Peachy, Uploan, compareyourloans.co.uk

Place of business: 76 King Street Manchester M2 4NH

Data protection registration

Registration No: Z2642498

Data controller: Cash On Go Limited

Address: 76 King Street Manchester M2 4NH

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk