Peachy

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Company Information

  • Company Name:
    Peachy
  • Website Address:
  • FCA IP:
    637962
  • Business address:
    76 King Street, Manchester, M2 4NH
  • Phone number:
    0800 0124 743

Based in Manchester, Peachy.co.uk is a provider of short term loans that offer convenient and helpful financial products throughout the United Kingdom. It’s simple, safe, and secure to get a loan from Peachy. The instalment loans offered have helped many satisfied customers to get over financial hurdles and get back on budget. There are many reasons why borrowers should choose Peachy for their short term loan needs. Loans can quickly be paid back and are easy to apply for. Peachy loans also get much needed funds to borrowers right away so that there’s no waiting.

APPLICATION REQUIREMENTS:

Applicants have to meet certain basic requirements to be approved for a loan from Peachy. They must be over 18 and they have to be employed and earning at least £600 every month. The loan process requires borrowers to have an e-mail address and a mobile phone number. Borrowers also need to reside in the United Kingdom and have their own UK bank account.

LOAN AMOUNT AND CHARGES:

Borrowers can receive an amount of money between £50 and £700 when they take out a Peachy loan. Loan terms can last anywhere from 15 days to 12 months. Interest charges on these loans have representative APR of 7%. However, the APR of each individual is determined by Peachy depending on the loan length, amount, and credit score and income amount of the applicant.

PROCESS:

The loan process starts when interested borrowers submit an online application with Peachy. Peachy will then look over the application to determine if the borrower is eligible. Determining eligibility involves a credit check and an affordability check to make sure that the borrower will be able to pay back the loan within the allotted period of time. After the application is processed, the borrower will receive a decision and details regarding any loan offer. After the borrower decides to go through with the loan and the loan is finalized, funds will immediately be transferred to the borrower’s bank account and the repayment period will begin.

PAYMENT:

Repayment of the loan will be made in the form of automatic charges to the borrower’s debit card. This makes repayment convenient and reduces the chance that borrowers will make late payments. Repayment of the loan will be made according to the repayment schedule that is laid out when the loan is first finalized.

112 Reviews of Peachy have been submitted - read the latest 3 below

Thanks to Peachy Loans for arranging this great loan for me and I think I might have found a permanent solution to my money problems. Saving has never been one of my strong points so using instalment loans like the one Peachy have just given me is the only way I will ever be able to afford things that cost a bit more than my salary will stretch to each month. As long as I can afford the repayments then that's all I need to make sure of each time I apply for another loan. I think Peachy are very good at making sure you don't try to borrow more than you can easily afford to repay and I don't have a problem with that because it shows they are responsible lenders. I'd be more than happy being able to borrow the same amount they've given me with this loan every 6 months or so as it would be a great help to me especially at Christmas time which is when I am planning to get another loan from Peachy provided this one goes well.

Review posted by Brenda Lewis, Hornchurch

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Never used this type of loan service before, always went to my bank and they generally were always able to facilitate my loan requirements. Whether they like it or not banks are failing their customers because when I enquired about borrowing the amount I needed my bank reacted as though I'd asked for Shylock's pound of flesh!. It would seem its just too much effort for banks to offer small convenient loans these days. Not enough profit to be made from them no doubt. So I would like to thank Peachy Loans for obliging when my bank couldn't or wouldn't. They don't make a song and dance of it either, it only took a couple of days from start to finish and I've got the money sitting in my account already.

Review posted by Jonathan Critchley, Basingstoke

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

This instalment loan from Peachy is definitely a one off unless another emergency crops up and I need to get my hands on more money than I'm ever likely to just having sitting in my bank account once I've paid all my bills. But it's because this was a real emergency and this loan from Peachy really helped me out massively that I am posting this review to say what a great decision it was for me to take out this loan. I am not compromising myself with this loan because the repayments are going to be very affordable and the interest I'll be paying on it is well worth it for the peace of mind I now have having been able to sort out the emergency situation and not have a breakdown in the process. Thanks Peachy!

Review posted by Rachel Weston, Enfield

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money