UK Pay Day Loans from SpendingSpree

Peachy Loans is an innovative consumer finance company that offers same day payday loans. Founded in July 2010, Peachy Loans is headquartered in London and connects borrowers across the UK with payday loans starting from £50 - £700 for 15 days to 12 months.

What differentiates Peachy from other lenders is that they let their customer decide when and how they want to repay the loan. Peachy Loans is driven by giving borrowers options not only when it comes to the cash that they can borrow but also the repayments. Clients can pay back the loan in up to 5 installments which is ideal for borrowers looking for flexibility.

As an example for rates;

Borrow £300.00 for 65 days. Repay in 3 payments, first payment in 4 days.

Each payment: £136,51. Total repayment: £409,54. Interest: £109,54.

Interest p.a: 292,25% (fixed), interest per day 0,8%. Representative APR 574,86%.

What makes Peachy Loans unique;

Peachy Loans is different compared to other companies because of its custom made lending platform that is operated in-house. They also have fully automated processing that is done 24/7. They innovated to be the first lender in the UK to offer multiple repayments as an option for payday loans. They know that borrowers like to use their smartphones which is why Peachy has a mobile website as well.

How Peachy assess criteria for applications;

• Each customer must earn at least £600 in net salary.

• Have a valid UK bank account to accept the loan via direct debit.

• Be a permanent UK resident.

• Be at least 18 years old.