Pixie Loans

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Company Information

  • Company Name:
    Pixie Loans
  • Website Address:
  • FCA IP:
    0662262
  • Business address:
    Pixie Loans Ltd, Belgravia House, 34 – 44 Circular Road, Douglas, Isle of Man. IM1 1AE. British Isles
  • Phone number:
    0871 223 3223

Pixie Loans is a provider of short term instalment loans. Based in Douglas, Isle of Man, Pixie Loans offers short term financial solutions for United Kingdom residents. Those who borrow from Pixie can be sure of a quality financial product that is regulated by the Financial Conduct Authority. Pixie Loans is dedicated to responsible lending and aims to help clients get back on their feet financially as soon as possible after experiencing short term cash flow obstacles.

APPLICATION REQUIREMENTS:

There are a few requirements that must be met by applicants hoping to be approved for an instalment loan from Pixie Loans. Applicants need to be older than 18. They also need to be residents of the United Kingdom with a UK bank account. Applicants will not be approved if they are not permanently employed. In addition, they will undergo a credit history check and must meet certain creditworthiness requirements.

LOAN AMOUNT AND CHARGES:

With Pixie Loans, consumers can borrow between £150 and £1,000. Interest on instalment loans from Pixie is always charged at a rate of 0.8% a day. This means that the longer the loan life, the more interest the borrower will pay. As an example, a two month loan of £150 will require £55.95 in interest charges altogether.

PROCESS:

Before being approved for a Pixie loan, applicants must submit an application online and undergo both a credit check and an affordability assessment. After Pixie Loans evaluates the applicant’s situation, a loan offer will be sent to approved individuals. Then, the borrower can decide whether or not to finalize the loan. Once a loan agreement is submitted by the borrower, the loan funds are shortly deposited into the borrower’s account. Usually, funds will hit the borrowers account on the same day that the application is finalized.

PAYMENT:

Repayments can be directly debited from the borrower’s account to pay back the loan funds. Another option is to set up automatic payments with the Continuous Payment Authority (CPA). If desired, borrowers can pay off their loans before the previously agreed upon due date. Borrowers looking to save money on interest charges can pay off their loan early if they have enough extra funds to do so.

88 Reviews of Pixie Loans have been submitted - read the latest 3 below

My friend is going abroad to work and was selling her car. I needed to get an extra 1K to be able to afford it and so I decided to try for an instalment loan. My other friend recommended Pixie Loans because they had used them recently and said they were good but I like to check out these things myself before choosing so I did make good use of the loan comparison websites first. I ended up going with Pixie Loans because they were one of a few that were all offering similarly good loans and it made not much difference which one I chose but Pixie Loans did come with a personal recommendation as well so I felt okay about making them my final choice and I haven't regretted it. I am really pleased with the loan AND I am really pleased I was able to buy my other friend's car which was a real bargain as I did insist on 'mates rates'!

Review posted by Jo Woodyatt, Stevenage

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

Every time I want to make a trip down south to see my sister and her family I take out a Pixie instalment loan to cover the cost of the train fare and stuff. I like to treat my wee nieces as well so I borrow a bit extra to buy them some presents and take them out for the day in London when I am there. I couldn't afford to do this 2 or 3 times a year without the help of instalment loans and I've been using Pixie loans for the last couple of loans and really like them so will probably stick with them for the time being unless they change their rates and make them more expensive. At the moment I think Pixie loans are one of the cheapest and I'd like to keep using them for that reason.

Review posted by L. Johnstone, Kilmarnock

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

Pixie loans are a real help to me at the moment. I've been using them instead of the usual payday loans that have to be paid back in one go and I've found them a much better option for me. If I am paying a bit more in interest rates I don't really mind because for the convenience of these instalment loans it is well worth it for me personally. Sometimes I did struggle a bit with payday loans but I've had no problems at all since I've been using Pixie instalment loans. I've even been able to pay back one of my recent ones a bit earlier than planned and it saved me a bit on interest charges. So from now on I will always try and do this but if not at least I know the monthly instalments are going to be easily affordable which is good to know.

Review posted by Maria Nuttall, Portsmouth

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