What is an unsecured loan?

Unsecured loans are short-term loans that are issued to borrowers based on their credit score, rather than against any collateral like a car or home. To be approved for an unsecured loan, borrowers are required to have a positive credit score rating.

With unsecured loans, you can obtain peace of mind about your money. Designed to provide you with a cash injection, our unsecured loans are one option as a backup plan for life’s surprises.

Not everyone has collateral assets like a car or home. If that’s you, then apply for an unsecured loan.

Peachy has designed our unsecured loans to give you a fast cash injection when you need it most – for overcoming unforeseen financial emergencies. Available around the clock, these unsecured loans are ideal when you need a helping hand.

So if you’re in a sticky financial situation, take back control of your personal finances and push your budget back into the safe-zone with an unsecured loan.

Who qualifies for Unsecured Loans?

At Peachy, we like to keep things simple and straightforward and our qualification requirements are no different.

To qualify for an unsecured loan, you need to:

  • be at least 18 years old
  • receive a regular income (at least £600 a month)
  • be a UK resident with a UK bank account.

We’ll also need to ensure you have an active debit card, a mobile phone to verify your account and a valid email address.

Is the application process difficult?

Our application couldn’t be faster, or easier. The quickest method is to apply online, especially if you require funds quickly to solve your financial situation.

Why choose Peachy?

With any consumer product, there are plenty of alternatives open to you. What makes us unique is that our loans come with no processing fees and no additional taxes. You pay back exactly what you see in our loan calculator, which includes the Annual Percentage Rate.

Best of all, should you meet our borrowing eligibility and become approved, you’ll receive your money within a day (sometimes even within the hour)!


The Benefits of Unsecured Loans

The main benefit of an unsecured loan is that you do not need to provide any collateral like a car, home or on your business. Many of us who require payday loans believe that because they have no collateral, they will not be accepted.

However, with an unsecured loan, you don’t need to worry. A higher interest rate replaces the need for collateral.

Are unsecured loans legitimate?


There is not a single country that does not permit the use of unsecured loans, which is why we here at Peachy can offer them to our customers to help resolve their financial issues. They are by no means a new product in the financial world, hence why you can rest easy when applying for yours.

Applying for Unsecured Loans

Not everyone has collateral assets like a car or home.

Without collateral, it can be tricky to get approved for a much-needed loan. Hence if you fall into this category, then unsecured loans were designed for precisely you in mind.

When applying for an unsecured loan, never apply for one unless you trust the lender or they are certified by the Consumer Finance Association (like Peachy is).

Several companies will attempt to misadvise you into expensive unsecured loans by using hidden charges and other nasty fees.

However, here at Peachy, we show you everything upfront. 

When you apply for an unsecured loan, you will need to demonstrate that you have a valid bank account, a stable monthly income, and other necessary information. If you can meet our criteria, you can fill out your application form quickly.

When completed, leave it with us, and we will review your claim. If there’s anything missing, we’ll contact you via email or telephone.

As soon as your application has been approved, you’ll receive the funds within 24 hours allowing you to carry on with your daily life. Once the loan amount is in your account, ensure you make your monthly repayments on time so you don’t accrue additional interest charges.

Paying off an unsecured loan is just as easy as paying of a secured loan. The only significant difference is that there is no requirement for collateral. So, if you’re in need of funds, but have no collateral, then an unsecured loan could be the option for you.

Remember, always think carefully before committing to any type of loan or credit and make sure that you are able to repay the debt on the due date.