Peachy is a direct lender that provides short term loans for people who need a little bit of cash in emergency situations. Peachy is a team of financial specialists who work together to provide for you the best financial solutions for the average individual.
They were established in 2010, and their registered office is located in Manchester UK. Their main goal is to provide you with the most responsible form of financial support that you can in turn pay off.
They do look at your circumstances and offer you a short-term loan you can afford.
They are also very straightforward and transparent when it comes to their policy and will use no unfair tactic or hidden charges when they offer you a loan. All terms and conditions are communicated to you beforehand.
They want you to have an enjoyable experience with them and will do whatever they can to help you pay off your debt.
Peachy has a variety of different loans they can offer their clients which are all short term and easily repayable. Whether you are just looking to get a new car or want to remodel your home or maybe you have a sudden, unpredictable emergency which requires some extra cash Peachy will be there to help you out.
Their loans have a little bit of something for everyone who needs a loan.
- Payday loans
A Payday loan is a short-term loan that helps you get a small amount of money to borrow. This type of loan can be taken out between paydays when there has been an unpredictable emergency where you require a little bit extra cash, and you have gone over your budget.
The loan can be paid back once you get your next pay cheque. These short-term loans usually last about 1 month and will always be an amount lower than your actual monthly income.
With Peachy this loan can be set up and once you are approved, it will be counted as an unsecured loan.
For these loans Peachy will have to check your credit score and offer you with something you can afford. The representative APR will depend on your creditworthiness and your circumstances accordingly.
- Same Day Loan
The same day loan essentially means that you will apply to the loan and once you get approved, you will have cash in your provided bank account the same day.
The interest rate on these types of loans is typically higher than on other traditional loans, but they provide the customer with a stress-free and fast rescue when they need cash.
At Peachy you can apply for the same day loan which can amount to anywhere from £100 all the way up to £1,000. The repayment of this loan will be set up in monthly instalments spread over a short period ranging from 3 months or more depending on your credit report and circumstances.
- Fast Cash Loans
Fast cash loans are ones that are processed immediately when you apply for them. They also receive a fast decision and can be processed within the hour. This loan is for people who are in urgent need of cash. You will obviously be offered a loan that you can afford, and they are typically not of huge amounts of money.
Their fast cash loan application is the most straightforward and simple one to fill out. It requires all the basic details, and they try to get you a decision and an offer as soon as possible.
The APR on this type of loan will be higher than any traditional loans, but it will ensure that you will get money in your account as fast as possible.
How To Apply
To apply for one of the Peachy’s loans you can simply visit their website choose to either apply which is only favourable for your cause in the long term. You will be able to manage your account more efficiently when you do sign up.
Pick the amount you want to receive during the loans which range from £100- £1000 and then choose from the pop up how long you wish to keep this loan. As soon as you feel satisfied with the terms that you have chosen, you can click the apply now option ‘APPLY NOW’.
You will then be directed the sign-up page where you can fill some personal details about yourself, your current occupation, earning, where you live, contact information and more.
They require this information for identification purposes and to ensure that you are eligible for the loan as well as perform the necessary credit checks.
At the very end of the procedure of your sign up form, you will be sent a configuration email which you will have to confirm using the link sent to you via email and typing the password sent to your phone. After you have completed this, in the next few seconds you will be able to know whether you can receive the loan from their company.
They may have to call you to re-check some information if necessary, this is only for security purposes.
From then on they will process your application, and your approval being acknowledged by you they will transfer the money within 15 minutes however if there is some difficulty with the bank account you have provided it may take up to an hour. You can opt for how many repayments you want to complete your loan as well.
- You must be a UK resident for them to keep track and assure that you will not be leaving the country.
- 18 year of age, is the legal age to have the consent and sense of responsibility to apply.
- You must have a bank or building account with a valid debit card.
- Have a current mobile phone and email address which you check often and use.
- Must have a monthly income of at least £600.
- No customer with a CCJ or CCJ’s in the past 6 years can apply.
Ever heard of discount codes for a loan application? Well Peachy even offers that. Try to make sure you can pay a repayment to avoid struggles; you will be notified via email before your due date is near.
They will take your repayment using CPA if necessary. CPA standing for Continuous Payment Authority ensures you give a valid bank account that you receive a regular amount of money in that gives Peachy the authority to make a transaction of the amount of repayment due so it makes repayment for you easier and you will not forget.
However, if you don’t wish for them to attain this authority and want to cancel CPA, you can contact 08000 124743 or email them at [email protected] For instance, if you want to make an early payment, you can text ‘REPAY’ to 68899, and the money will be taken from your account at the earliest convenience.
With Peachy you can manage multiple things for your comfort and proper satisfaction. You can check your details so you won’t have to provide them each time you apply for a loan; you can see your agreement and repayment history.
You can see a summary of each of your repayments, when they are due and how much of it is left through your account as well.
Keep in mind there is a late payment fee of £15 each day after the due date. If you wish to top up your loan, which essentially increasing your loan limit, you can do so by logging into your account and checking to see if your credit score is high enough to make you eligible for a top-up in the first place.
Some of the benefits that Peachy provide include the ability for you to make variable repayments on suitable months for you, and for as many months you please making the initial amount of your repayments much lesser.
They are upfront and straightforward about all their charges and fees, making you feel comfortable that there will be no additional or hidden charges that will be foreseen in your loan service.
The online application is much more effective for clients who have a hectic schedule and cannot afford to make hour-long visits to banks and companies that offer loans, to fill out piles of forms and statements.
It is just simply time-consuming and irritating for everyone, therefore, making this online application seem like an impeccable choice. You can even do it from work if you have access to the internet. Furthermore, they have a remarkable customer care service that provides them with the opportunity to listen understand your concerns and guide you through them.
Peachy is also a direct lender meaning there will be no third-party involvement on your information nor your loan amount. You will be in charge of your own loan agreement and your money whichever way you want to spend it.
- They offer smaller payday loans between £100 and £1000. While the actual amount will depend on your personal circumstance, they do offer smaller loans when you are in a tight situation.
- Borrow over 15-12 months. The period over which you repay a loan is very flexible according to your preference and can be as little as 15 days or up to a year.
- Simple 4 step application. You don’t have to suffer through any unnecessary paperwork.
- You can get quicker access to funds. Once you are approved, you can manage to get the funds transferred to your account as quickly as an hour.
- Repay early at any time. You are allowed to make early repayments any time during the loan term without any extra charges. You can also make early settlements. This will save you a lot of interest.
- They do have a late payment fee of £15 for each day the payment is late, while that does not seem that much the money can add up quickly and you will be paying interest on this amount.
- The interest rate and apr although they are really good, they are still much higher than traditional banks and payday loans can be quite costly.
Can I repay my loan early?
Yes, you can, you can repay the loans sending them a text message with REPAY at 68899, or alternatively, you can log into your account that you have set up and click on the REPAY option.
These options become available to you 3 days before every due date. If that isn’t what you want either, you can download the mobile app for Peachy.co.uk and repay from there. Make sure that all fees need to be paid in total as per the agreement.
These options are also only available for the current instalment. If you want to make a payment even earlier than that or want to settle the entire amount in full, you should contact them by calling on their helpline.
How can I extend my loan?
You can apply for an extension on your loan by logging into your account and going to “my account” section or to further simplify you can send the message EXTEND on 68899.
Your payment will then be postponed until the next payday. Any and all loan extension will be done at their discretion and would be subjected to them meeting their responsible lending obligations.
However, do note that in order for a loan extension you need to pay the outstanding interest and fees of the current payment immediately. With that, you will be able to postpone your payments 2 successive times.
Is peachy.co.uk a direct lender?
Yes, Peachy is a direct lender, which means they don’t have to go through a bank or a middleman broker. The customer will also not have to pay any broker fees. What differentiates them from other lenders is that they offer multiple repayment options to their clients.
It is a secured lender that is authorised and regulated by the FCA (financial conduct authority).
I have not yet received my activation email?
In order to get a loan from peachy.co.uk, you must make an account on their website or through their mobile app. when you first make the email; an activation email is sent to your account to confirm your email address and account.
If you cannot find the email, check your spam folder. If you have a spam filter, it could be incorrectly tagged as spam. Make sure to check the junk mail folder as well.
To prevent this from happening again just add the email [email protected] to your contact list or mark the email address as important. If you cannot find the email anywhere, you should call on their helpline.