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

On 5th March 2020 Cash On Go Limited was placed in administration and ceased all new lending activity

Who are Peachy?

Peachy is a direct lender offering short-term and instalment loans for consumers in need of a quick injection of cash either in-between paydays or to deal with an unexpected emergency.

Peachy

What sort loans are available?

Loans valued between £100 and £1,000 can be applied for by first-time customers.

How long do you have to repay?

If successful with your application you have the option to repay across a 1 to 12 month period.

What are Peachy’s interest rates?

Peachy’s representative APR is 855.85%.

Applying this APR to a loan of £400 with a fixed annual interest rate of 248.37% paid across 6 months, would require you to repay 6 monthly instalments of £122.37 for a total of £734.23.

Can you repay a Peachy loan early?

To repay a Peachy loan early you can contact the customer service team by phone or email (full details below). Peachy state they do not charge anything extra for repaying your loan early.

Do they charge late payment fees?

You will be charged an extra £15 if your monthly instalment date is not met.

How quickly will they transfer the money?

Peachy state they will transfer the money as soon as the loan has been agreed, although it may take between 15 minutes to 2 hours to clear in your account, depending on your bank.

Is there a Peachy app?

You can download the Peachy loans app on Google Play or the iTunes store, which allows you to track instalment schedules and make repayments.

How can you apply for a Peachy loan?

To ensure you are fully eligible to apply for a Peachy loan, make sure you are:

  • At least 18-years-old
  • A UK resident
  • Receiving at least £600 of income each month
  • The owner of a UK bank with connected debit card
  • Able to provide a working email address and mobile phone number
  • Not proven to have a current or previous CCJ within the past 6 years

The online process for a Peachy process is straightforward. You will be asked to supply contact, personal, employment and financial details to verify certain aspects of your application. The decision will be provided almost immediately as soon as all the required information has been provided.

Are Peachy FCA regulated?

You can visit the FCA register page for Cash On Go Ltd, where you will find Peachy Loans as one of the company’s trading names. They have been authorised by the FCA since 17/02/2016.

How do you contact Peachy customer services?

Use the phone number 0800 012 4743 between 8am and 8pm Monday to Friday and between 10am to 6pm Saturday and Sunday.

Or you can email the customer service team at info@peachy.co.uk.

Do Peachy have social media handles?

Twitter: @PeachyLoans

What sort of customer reviews are there for Peachy?

Peachy reviews on Trustpilot are good, with a ‘Great’ rating of 4.2/5 based on 1,833 reviews, as of February 2020.

Peachy Summary

Peachy are a direct lender who offer loans of between £100 and £1,000. Loan terms range between 1-12 months and the representative APR is 855.85%.

Customers will be charged £15 for a late payment, and loans can be repaid early without any extra charge. It will take between 15 minutes and 2 hours for funds to clear in your account once the loan has been transferred.

To apply for a Peachy Loan they ask that you:

  • Are 18-years-old or older
  • Currently in the UK
  • Take home a minimum of £600 per month
  • Own a full bank account and linked debit card
  • Own a UK phone number and an email address
  • Have not been given a CCJ in the past 6 years

To manage your loan you can use the Peachy app or the online account you are provided with.

Peachy are regulated by the FCA and have a customer rating of 4.2/5 on Trustpilot.

Representative 49.9% APR

Representative Example

Amount borrowed: £1200 for 18 months
Number of repayments: 18
Interest rate p/a: 49.9% (variable)
Each repayment amount: £90.46
Total amount repayable: £1628.28

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

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