A QuickQuid Loan Alternative: Flexible Repayment from 1-12 months!
Are you searching for a QuickQuid alternative?
With the news that QuickQuid is closing down in the UK, searching for a new payday loan provider that you can trust might be challenging. That’s completely natural and at Peachy, we believe you should always search for the best alternative for you when applying for a loan.
Peachy offers the same payday loans with the same fast pay out and flexible repayments terms as QuickQuid, yet the cost in many cases can be much lower.
Apply now for an alternative to QuickQuid!
How flexible are QuickQuid?
QuickQuid has an inflexible repayment structure that they require their customers to follow; making it easier for QuickQuid to check the rate at which their customers pay back their loans. QuickQuid’s one, two or three payment price structure means their customers must agree on upfront about the date on which they will repay their loans.
The predicament with this type of repayment terms is that there is little flexibility if the conditions are not suited to a borrower’s circumstances. This inflexibility, unlike us at Peachy, means the loan will not always fit your lifestyle and if another unexpected payment occurs, you might fall behind on your repayments.
Who is Peachy?
Peachy is a financial services lender who concentrates on providing short-term loans for those who need a little helping hand in life. When you need a quick injection of money, you can reach for a Peachy payday loan in minutes using our online application form. Generally, most applicants can borrow between £100 to £1,000 and have the funds in their bank account within the hour.
Plus, Peachy has a lower interest rate (APR) than QuickQuid, meaning you pay less when repaying your loan.
Don’t just take our word for it. Peachy has been reviewed by more than 1,800 customers who find that we are easy to do business with.
The differences between QuickQuid and Peachy
The biggest difference between Peachy and QuickQuid is flexible repayment options.
For example, QuickQuid has 3 repayment options. Their customers must fit into one of their 3 repayment schemes, which in some cases, might make repayment difficult as every customer has different salary pay dates.
With a Peachy loan, you can pay back in 1 or 12 months. We understand that every customer has different life circumstances, hence we offer far more flexibility on how our customers choose to repay their loan. Meaning customers remain in control of their borrowing, and the time it takes to clear their loan.
We are also proud of the customer service we provide. We always try to put your needs first and typically respond to all customers within 90 minutes. But, don’t just take out word for it, here’s what one of customers had to say:
Have a question? You can contact us here.
Plus, as a responsible lender, Peachy will never offer money where we know the customer could get into financial difficulty. We want our customers to trust our relationship and only borrow a loan where they can afford one. So, we will carry out a credit check to ensure we are the right match for you.
How does cost of a Peachy loan compare to QuickQuid?
The QuickQuid loans interest rate is 1,294% (APR). Peachy loans are much cheaper at 855% (Representative APR), so saving our customers hundreds of pounds in repayment interest and fees.
Peachy loans all have multiple repayment options so our customers can pay back the loan on a schedule and budget that suits them. So, whether you decide to borrow a loan from Peachy and repay over 30 days or twelve months, you can be rest assured that the cost of borrowing will still be lower than a QuickQuid payday loan.
Here’s an example:
A £900 loan from QuickQuid, paid back over 3 months (the maximum repayment period) would have cost you a total of £1,548.
At Peachy, the same amount, paid back within 90 days, will cost you a total of £1,305 – saving you £243!
A £900 loan with Peachy saves you £243 compared to a QuickQuid loan
Take a look at our comparison table below to see how much you could be saving with Peachy (based on a 3 month repayment period):
This table and calculated fees is for inspirational purposes only
So, what are you waiting for?
Am I eligible for a loan with Peachy?
You must meet these requirements to be eligible for a loan from Peachy:
- UK resident
- 18 years or older
- Hold a UK bank or building society account with a valid debit card
- Have a working mobile phone & email address
- No CCJ or CCJs in the last six years
- Must have a regular monthly income of at least £600 (some benefits may be included)
If you meet those requirements and are in need of a short-term loan, go ahead and start your online application today!
Our online application process is available 24/7 and in most cases, you will be notified if you are eligible for a loan instantly.
Applying for a loan takes minutes to complete. Simply add your details and employment information. If approved, the money will be deposited to your bank account within an hour.
An alternative to a QuickQuid payday loan
Loans are only offered to those who can afford it and should be considered short-term. Failure to repay a loan can cause serious financial difficulty and this is not what Peachy are about. To learn more about Peachy loans, visit our How it works section or contact us here.
Responsible borrowing is essential. You must be able to repay your loan in full and on time. Not doing so could lead to financial difficulty.