Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk/en

Peachy Loans alternative

Have you been looking for Peachy loans?

You may have realised that Peachy loans went into administration on the 5th March 2020*, meaning that you can’t currently apply for a loan.

Don’t worry - here at Dot Dot Loans, we could help. Check out the information below to see how we may provide you with an alternative to Peachy loans.

How much was a Peachy loan?

A Peachy payday loan was offered at approximately representative 947% APR, whereas a Dot Dot short-term loan is offered at representative 1228.67% APR. This means that the cost of borrowing from Peachy could have been more expensive than borrowing from Dot Dot Loans.

In short, a higher APR means the cost of borrowing is higher. If you’re feeling confused about APR, our handy guide explains it in more detail.

Why should I consider Dot Dot as an alternative to Peachy?

Not only could it be cheaper to borrow from Dot Dot but it may also be more straightforward to apply for a Dot Dot loan. In just 5 simple steps, you can apply for a short-term loan from £100 to £1000, subject to affordability.

If your loan gets approved, the money could be in your bank the same day, as our loans are funded every hour 24/7. There are no nasty unexpected charges either, like the late repayment fees which you may have encountered with Peachy loans.

Unlike the Payday loans offered by Peachy, with Dot Dot you can repay your loan in instalments of your choice. This means that you can choose to repay your loan over 3, 6, or 9 months. You’re then more likely to borrow what you really need, making repayments more manageable.

You can also manage your loan on the go from our customer portal.

But don’t just hear it from us, check out our customer testimonials.

Am I eligible for a Dot Dot Loan?

As part of your application, we conduct affordability checks for every loan issued to new and existing customers. You can apply for a loan and undergo an affordability check if you:

  • Over 18 years of age
  • A UK resident
  • In employment

To complete your application, you’ll also need:

  • A valid e-mail address and mobile number
  • Details of a home address
  • Debit card and bank account details

Please note that whilst we aim to provide a service to suit your needs, loans aren’t always right for everyone, so it’s important that you carefully review your circumstances before applying for a Dot Dot loan.

*correct as of 18th January 2021

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Short term loan

Representative Example

Borrow £250 over 3 months with monthly repayment of £133.65 Total amount payable £400.95. Interest rate 284.76% p.a. (fixed). 1228.67% APR Representative.