|Representative APR||Credit Checks||Max Loan Amount||Loan Term||Debit Card Required||Total Repayable on a loan of £100|
|1,058%||Yes||£500||1 month||Yes||£136 after 31 days|
|Peachy offer short term loans with flexible repayment options. Borrow £50 to £500 from 5 days to 5 months with no hidden fees!|
Peachy Loans Review
Peachy offer short term loans with flexible repayment options, you can pay the loan back on your next payday if you want or you can give yourself room to breathe with the option to spread the cost over a term of up to 5 months.
The sliding calculator on their homepage allows you to choose your loan amount, how long you want to borrow it for and then gives you a breakdown of how much it will cost you and what your payments will be. The charges are made very clear and straightforward, there’s no hidden costs to worry about.
Their APR is very competitive too against many other payday lenders and they’ve given you a comparison chart on their homepage to prove it.
If you’re approved for a loan with Peachy then you’ll be glad to know the funds can reach your account within just a couple of hours, in fact in most cases they are sent within as little as 15 minutes.
To give you an example of what a loan would cost with Peachy we’ve taken a representative example which was provided on their website. You can find it below:
Amount of credit: £200 for 60 days. Repay in 2 payments, each payment £149.54. Total interest £94.08, transfer fee £5, total payable £299.08, interest p.a. 365%(fixed) Representative APR 1058%.
We’ve put together a list of payday loan lenders along with reviews of each so that you can make an informed decision of who you apply too. You can quickly and easily compare each lender in the table and find one that’s right for you. We don’t deal with brokers!