Safe Alternatives to Peachy Loans: What to Know and Where to Turn

If you’re searching for “Peachy Loans” online, you’ve likely noticed that they stopped lending in the UK in March 2020. You’re not alone. Many people are looking for a fast, safe payday loan, but the market has changed. You deserve an option that’s simple, transparent, and puts your wellbeing first.

Why You Need an Alternative to Peachy Loans

Peachy Loans was a familiar brand, offering quick short-term loans online and via app. But after entering administration in March 2020, Peachy stopped issuing any new loans. If you’re still making repayments to Peachy, you should keep to your schedule. For new borrowing, you’ll need a different, trusted provider.

With many payday lenders disappearing, the landscape can feel uncertain. Your first priority should always be your safety and your future. That’s why, at Payday Loans Online, we believe in responsible, regulated lending that protects you.

TIP: I always recommend setting up a payment reminder on your phone or calendar if you’re repaying an old Peachy loan. This simple step can help you avoid late fees and protect your credit score.

Who We Are and Why You Can Trust Us

At Payday Loans Online, we are:

• Fully FCA regulated: This means we follow strict rules set by the Financial Conduct Authority to protect your interests.
• Direct lender (and broker if needed): You deal directly with us for most loans. If we can’t help, we’ll only pass your details to another trusted lender with your permission.
• Transparent and ethical: All costs are shown upfront. We never hide fees, and we don’t encourage you to borrow more than you need.
• Strict about safety: Only one loan at a time, never back-to-back or rolled over. We limit usage to a maximum of twice a year.
• Support for all credit types: Bad credit is considered, but we will always check that you can afford repayments. No exceptions.

Compare Application, Speed, Cost, and Eligibility

Feature	Peachy Loans (Closed)	Payday Loans Online
Lending status	Ceased March 2020	Open to new applications
Loan amount	£100–£1,000+	£300–£1,000
Loan term	Short-term, up to 12 months	3–6 months
Direct lender	Yes (when open)	Yes (broker if needed)
Early repayment	Allowed	Always allowed, no penalty
Multiple loans	Common (historically)	Never. It’s a strict policy.
Rollovers	Sometimes allowed	Never allowed
Application	Online/app	Online. It’s easy and quick.
Customer service	App, phone, email	Phone, email, live chat
FCA regulated	Was regulated	Regulated from the start

Important Facts About Payday Loans Like Peachy

• Default fees: Under FCA rules, missed payment charges can’t exceed £15.
• Interest rates: Total fees and interest are capped at 0.8% per day.
• No never-ending debt: By law, you’ll never pay more in interest and fees than you borrowed, even if the loan is rolled over.
• Multiple loans are risky: FCA research shows most payday borrowers take out several loans a year. This can lead to serious financial problems.

At Payday Loans Online, we stick to these rules and go further by limiting how often you can borrow to protect you from a debt spiral.

TIP: From my experience, it’s safer to avoid taking out more than one short-term loan at a time. This helps you stay in control of your finances and avoid a cycle of debt.

How to Apply

1. Visit our website. Applications are quick and easy.
2. Fill out the form. We’ll check your income, expenses, and ability to repay.
3. Get an instant decision. No endless waiting.
4. Receive funds quickly. If approved, money is typically sent within an hour.
5. Repay early anytime. You’ll save on interest with no penalties.

We’ll never encourage you to borrow more than you can afford, and we’ll always point out cheaper alternatives first.

Responsible Borrowing Tips

• Always check if cheaper credit options (like overdrafts) are available first.
• Only borrow in emergencies, never for day-to-day expenses.
• Use our affordability assessment. It’s quick and has no impact on your credit.
• Repay early if you can. Save money and stress.
• If debt feels overwhelming, speak to a charity like StepChange before borrowing more.

TIP: I’ve seen that using a free budgeting tool can help you decide if borrowing is really necessary. It can also show you areas where you might save money instead of taking out a loan.

Where This Leaves You and Your Choices

With Peachy Loans closed, the payday loan market can feel uncertain. But you still have safe, regulated options. Payday Loans Online offers a responsible alternative: direct, ethical, and always focused on your wellbeing.

Want quick cash, but don’t want to risk a debt spiral?

Need a lender who puts your safety first, and spells out every cost?

Looking for real support, with no hidden agenda?

If so, apply now or contact our team for honest advice. We’re here for you because your financial future matters.

Cost and Repayment FAQ

• How does your loan cost compare to Peachy?
  All costs are shown upfront. Repay early, and you pay less. No extra charges, ever.
• How are repayments scheduled?
  Choose a date that suits you each month. No surprise withdrawals.
• What if I can’t pay on time?
  Contact us immediately. We’ll work with you, not against you. You can also seek help from StepChange or Citizens Advice.
• Is there a penalty for early repayment?
  Never. You’ll save money by paying off early.
• Who supports me if I struggle?
  Our team is here, and we’ll always encourage you to get free, independent advice if things get tough.