Peachy Loans

  • Borrow up to £7001
  • Online Service
  • Choose payment period
  • Direct to bank account
  • No hidden charges
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STOP PRESS: Peachy is no longer trading.


Peachy Loans

Peachy Loans is an online provider of short term credit. If you need a short term loan of up to £700 and then want to repay it over 15 days to 12 months (12 instalments maximum) then Peachy’s offering may be worth considering.

As with other types of instalment loan keep in mind that this may not be the cheapest option available to you. Use our Find Loan tool to investigate others. There may also be other cheaper instalment loans than Peachy’s.

  • Short term online lender
  • Borrow £50 to £700
  • Paid directly into your bank account within 1 hour of acceptance.
  • Choose to repay over 1 to 12 months
  • Repay in 1 to 12 instalments
  • Can help rebuild your credit rating

Representative Example


  • Loan Amount £250
  • Loan Term 3 months
  • Monthly Repayment £126.48
  • Total Repayment £379.44
  • Representative APR 1256%

Summary of Peachy Loans

  • Short term cash loans of £50 to £700 that you repay in (up to 12) instalments
  • Borrow over periods ranging from 1 to 12 months.
  • Apply online & after acceptance get your loan direct to your bank within (typically) 1 hour
  • There are no hidden charges – you always know upfront the total amount of the loan that you need to repay
  • Successful repayment of your loan could help to rebuild your credit rating.
  • You will need a bank account into which the loan is paid.

How to apply for a cash loan from Peachy

Use their repayment calculator to select the loan amount and repayment period you prefer. It tells you what the repayments are so you can judge whether you can afford them. Remember that the quicker you repay the loan the lower the total cost of the interest although each repayment will be higher (see example in FAQs below).

After you apply you will be given a decision in principle (including an assessment of affordability). You may be contacted by a member of Peachy’s customer service team if they need to check any parts of your application. Once approved the loan is paid to your bank account. Often this can be achieved in 15 minutes although it can take up to 1 hour.


Instalment Loans Guide

If you’re uncertain which type of credit might suit you or you have a money problem then one of guides may help you. We summarise each type of loan and their pros and cons, and address issues regarding debt and credit ratings.

Got a Question about Peachy Loans?

What do I need to know before I apply?

Before you apply these are the basic borrower criteria. You must:

  • Be aged between 18 and 80
  • Be a UK resident
  • Not be bankrupt nor have or have had a CCJ in the last 18 months
  • Have a bank account with a debit card
  • Have an regular income of at least £600 per month (some types of benefits may qualify)
  • Agree to a credit check

You will need to provide:

  • a valid email address & mobile phone number
  • address information for the past 3 years
  • your income and outgoings
  • your bank account and debit card details
How much can I borrow?

The loan amounts are fixed to be between £50 and £700. What you are actually allowed to borrow will depend on your credit score, your history with Peachy and how much you are judged to be able to afford in repayment terms. Peachy are committed to lending responsibly.

What will my instalment payments be?

Any amount between £50 and £700 can be borrowed and repaid over any period from 1 to 12 months. As Peachy’s loans are 12 months or under they are subject to strict rules enforced by the FCA. You will never pay back in total more than twice the amount you borrowed.

As with all loans the general rule is the quicker you pay it back the less interest you will have to pay – but ensure you can afford the repayments. Check your budgeting. To calculate what your repayments would be visit Peachy now.

You make a payment in each of the months you are borrowing for – so, for example, if you borrow £300 you can choose to repay over 3 months and then you would make a payment in each of those 3 months. After the final payment has been made you will have paid off the original loan and the interest due.

How do I make my repayments?

Peachy Loans offer 3 different ways to repay your loan:

  1. Via your debit cardusing a continuous payment authority (CPA) – with this method you must endure there is enough money in your account on the due date.
    • you can trigger an earlier repayment via text if you wish
    • you can switch at any time away from the CPA to another payment method
  2. By cash using the secure PayCash service at your nearest Paypoint terminal (27,000 locations in the UK – mainly convenience stores, newsagents, petrol stations, etc)
  3. Via a bank transfer
Can I change my instalment payments or pay off my loan early?

Interest is charged at 0.8% per day (i.e. 292% p.a.). For each £100 you have borrowed you will save £0.8 in interest for each day you bring your repayment forward. For example if you have borrowed £300 and you repay it 7 days earlier than you have to would save 3 x 0.8 x 7 = £16.80 in interest!

And Peachy do not charge any penalty for making early repayments.

To repay your loan early simply call Peachy’s customer service team.

What happens if I have repayment difficulties?

When you agree your loan with Peachy you will know the total amount you need to repay. If you have repayment issues Peachy should not add charges to your account. However, because your cicumstances might change during the loan period Peachy realise that you might need to reorganise your loan payments and they ask that you contact their customer care team regarding repayment problems as soon as you are aware of them.

While Peachy shouldn’t charge you more for missing payments etc these events will be recorded on your credit file and this may make obtaining credit more difficult in the future.

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Peachy Loans is a trading name of Cash On Go Ltd. They are authorised and regulated by the Financial Conduct Authority, FRN 674331

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OUR REPUTATION Instalment Loans


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Our reputation is great. In fact we have scored 4.6 out of 5 based on 308 ratings & 53 user reviews for our short term loans service.

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Written/Reviewed by: Amanda Gillam

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