Peachy Loans Alternative
Looking for Peachy Loans? They’re not lending anymore, but Lending Stream are. We offer short term loans, with almost instant decisions and if approved, we’ll send the cash to your bank within 90 seconds.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Why choose Lending Stream as a Peachy Loans Alternative?
Fast
Cash sent to your bank in under 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay in 6 monthly repayments. Pay early with no extra fees and save on interest.
Warning: Late repayment can cause you serious money
problems. For help go to moneyhelper.org.uk.
About Peachy Loans
Peachy Loans were direct lenders in the UK lending short term loans. Peachy Loans went into administration in March 2020 and are no longer lending. Peachy used to offer small loans between £100 and £1,000.
If you are currently searching for Peach Loans, you might come across a loan broker with the same name. They relaunched their website but in 2022. They are now working under the trading style of a company called Maxed Up Media Ltd.
Is Peachy Loans in administration?
Yes. Peachy Loans was owned by Cash on Go and went into administration in March 2020. Now, they have relaunched their services but as a broker under the trading name of 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 we are one of the most reputed direct lenders in the UK.
What happened to Peachy Loans?
Peachy closed their lending services and went into administration after many affordability complaints by their customers. Peachy customers would frequently complain about the quality of the checks done by the lender.
Peachy was unable to handle those increasing number of complaints, which is why they stopped lending.
At Lending Stream, we offer something better. Our quick loans or same day loans can help customers to get the money they need for any unexpected emergency quickly (if approved). We allow our customers to borrow up to £1,500 (£800 for first time customers) and give them 6 months to repay.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Who owns Peachy Loans now?
Peachy Loans was owned by Cash On Go Ltd, from 17th February 2016 till March 2020, and 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, but they went into administration in March 2020 and stopped lending.
How is Lending Stream different from (or better than) Peachy Loans?
Lending Stream offer 6 month loans of up to £1,500 which is more than what Peachy Loans used to offer (they offered up to £1,000).
The key differences between Lending Stream and Peachy Loans are:
| Lending Stream | Peachy Loans |
|---|---|
Lending Stream is a FCA authorised direct lender which is still lending. | Peachy Loans was also an FCA authorised direct lender, but they are not lending anymore. |
With us users can borrow up to £1500 (depending on your financial situation). | Peachy Loans used to offer only up to £1,000. |
We’re rated excellent on Trustpilot and 99% of reviewers on reviews.co.uk recommend us. | They are not lending anymore as they received lots of affordability complaints. |
Gives an almost instant decision to the borrowers on their application. | They don’t make any decisions now as they are not lending to users. |
If approved, we’ll send the cash to your bank in under 90 seconds. | Unable to fund at all. |
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Am I eligible for a loan with Lending Stream?
If you are looking for a short term loan and considering to apply with us, then you must:
- Have an active bank account
- Have a valid debit card
- Be at least 18 years old
- Be a UK resident
- Be in regular employment with a monthly income of at least £400
Being a direct lender, we look at all your information rather than just your credit report. A bad credit score won’t give us a complete view of what your current financial situation is.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How to apply for a Lending Stream loan?
If you are looking to apply for a loan with Lending Stream, then you should know that we have a very easy loan application process. All you need to do is fill out our online application form and provide us with the following information:
- Fill-in all your personal details
- Choose the amount which you want to borrow with us
- Provide us with your employment, salary, expenses, and banking details
Once you submit your application, we will run a credit and affordability check to see if you can afford the repayments. If approved, we will send the amount to your bank within 90 seconds.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Contact us - Lending Stream
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page.
If you prefer you can give us a call on 0203 808 4440#. We’re open from 9am to 6pm Monday to Fridays, and 9am to 1pm Saturdays.
FAQs - Peachy Loans
-
Is Peachy Loans legit?
Yes. Peachy Loans was a legit direct lender in the UK which used to lend short term loans. But they went into administration because of many affordability complaints which were raised by their customers.
-
Is Peachy Loans a direct lender?
Peachy Loans, which was owned by Cash on Go was a direct lender from 2010 to 2020. In 2020, Peachy Loans stopped lending. In 2022, they relaunched their website but as a loan broker and not a direct lender.
We don't offer loans under 60 days. We offer 6 or 12 month loans. The maximum repayment period is 12 months. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk