Peachy Loans Alternative
Looking for Peachy Loans? They’re not lending anymore, but Lending Stream is. We offer short term loans with almost instant decisions. If approved, we’ll send the cash to your bank within 90 seconds*.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Not all applications will be approved for a loan. An offer of credit is subject to status and affordability checks.
Why choose Lending Stream as a Peachy Loans Alternative?
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Direct Lender
Lending Stream is a FCA authorised and regulated direct lender, offering short-term loans without any hidden fees.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Apply online 24/7 with decisions in seconds. If approved, cash is sent to your bank in 90 seconds.*
About Peachy Loans
Peachy Loans was a direct lender in the UK lending short term loans. Peachy Loans went into administration in March 2020 and is no longer lending.
If you are currently searching for Peach Loans, you might come across a loan broker with the same name. This is a company called Maxed Up media Ltd, who launched the new website in 2022. Peachy used to offer small loans between £100 and £1,000. The new Peachy is not a direct lender.
Is Peachy Loans in administration?
Yes. Peachy Loans was a lender owned by Cash on Go, that went into administration in March 2020. The new Peachy Loans are a broker that are part of a company called Maxed Up Media Ltd.
If you are looking for a Peachy style loan you can visit Lending Stream and check out our short term loans. We’ve been lending since 2008 and are a well lending service in the UK.
What happened to Peachy Loans?
In March 2020 the owners of Peachy Loans (Cash On Go) announced it had stopped lending and the firm was under control of joint administrators Smith and Williamson.
At Lending Stream, we offer an alternative to Peachy. We’re a regulated lender of short term quick loans and provide instant decisions. If you are approved, we can transfer the funds directly to your bank account within 90 seconds*.
Our same day loans can help customers get the money they need for unexpected emergencies (if approved). We allow our customers to borrow £50 to £800 (£100-£1,500 for returning customers) and give them 6 months to repay.
Who owns Peachy Loans now?
Peachy Loans was owned by Cash On Go Ltd until March 2020. After that they went into administration. In 2022 they relaunched themselves as a loan broker and are trading under the name of Maxed Up Media Ltd.
Was Peachy Loans regulated by the FCA?
Yes. When Peachy Loans was a direct lender in the UK, they were regulated by the FCA. However, they went into administration in March 2020 and stopped lending.
How is Lending Stream different from (or better than) Peachy Loans?
| Lending Stream | Peachy Loans |
|---|---|
| Lending Stream is a FCA authorised direct lender. | Peachy Loans is not a direct lender anymore. They are a loan broker. |
| If you’re a first-time customer, you can borrow £50 to £800. Returning customers can borrow £100 to £1,500. | As a direct lender, Peachy Loans only offered up to £1,000. |
| Gives an almost instant decision to the borrowers on their application. | As a loan broker, they pass the decisions onto lenders. |
| If approved, we’ll send the cash to your bank in under 90 seconds*. | Peachy Loans aren’t able to fund loans – only send you to other lenders. |
So, if you are looking for Peachy Loans, you can try Lending Stream. Our short term loans could be a good alternative. We consider applications from all customers including those with a bad credit score. We believe that everyone should get a fair chance to get credit and should not be judged on just their credit score. So, when you apply, alongside your credit score, we’ll also consider your overall ability to afford the loan.
How do I check if I’m eligible for a loan with Lending Stream?
To be eligible to apply for a loan with Lending Stream, you must:
- Be a UK resident.
- Be over 18.
- Have a valid debit card.
- Have a valid UK bank account.
- Be in regular employment with a monthly income of at least £400.
During our application process, we might ask you to show proof of your income. As a responsible lender, we do this to ensure that you can comfortably afford the loan repayments.
Representative 1271%APR
How can I apply online with Lending Stream?
To apply for a loan with Lending Stream, you’ll have to complete an online application form. You’ll be asked for the following details:
- The amount you want to borrow with us.
- Some basic personal information.
- Your employment, salary, expenses, and banking details.
Once we receive your loan application, we’ll run an affordability and credit check. As a responsible lender, we do this to ensure that you can afford the repayments of your loan agreement. If you’re approved, we’ll send the approved loan amount to your bank in 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Representative 1271%APR
FAQs – Peachy Loans
Is Peachy Loans legit?
Yes, but they’re a broker, not a lender. Peachy Loans was a direct lender in the UK which used to lend short-term loans. But they went into administration in March 2020.
Is Peachy Loans a direct lender?
No. While Peachy Loans used to be a direct lender, the website is now a loan broker. Peachy Loans, which was owned by Cash on Go was a direct lender from 2010 to 2020. In 2022, they relaunched their website as a loan broker.
Can I pay back my loan early?
Yes, you can pay off your loan early at Lending Stream. We promote responsible lending and encourage customers to borrow money within their means. By paying off instalment loans early, you can save on interest and reduce your overall repayment amount. This is a great option for those who want to avoid the higher costs often associated with payday lenders
What happens if I make a late payment?
A late payment can result in additional charges and impact your credit rating. If you think you will struggle to make a repayment you should contact your lender and discuss it with them. At Lending Stream, If you are having financial problems and are unable to repay your loan, please contact us as soon as possible. We will work with you to find a solution.