Curious about the differences between a Peachy loan and a Pounds to Pocket personal loan? Read on for information that will help you find the lender that suits you best.
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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Representative Example: Amount of credit: £600 for 12 months at £95.37 per month. Total repayment of £1144.44. Interest: £544.44. Interest rate: 140% pa (fixed). 278% APR representative.
|What is the loan duration?||6 - 12 months|
|If approved, how much can customers borrow?||Up to £2,000†|
|If approved, how quickly can I receive the money?||Within 10 minutes after approval§|
|What is the fee for faster funding?||FREE|
|When can I talk to customer service on the phone?||24/7|
When you need to apply for a loan to cover expenses, there are quite a few things to consider. First, can you afford the repayments? It's essential to make sure the cost of the loan fits into your monthly budget. Both Peachy and Pounds to Pocket offer detailed repayment schedules with their loan agreements, so you know exactly what you're getting into before you accept the loan. And conveniently, if you are repaying gradually in instalments, each repayment will typically be for a consistent amount of money - so it's easier to calculate in your budget.
The second thing to consider is how much you need and how long you need it. Pounds to Pocket offers higher maximum loan amounts, and approved borrowers at Pounds to Pocket can repay their loan over longer periods of time. Our competitor offers loans between £50 and £700, while Pounds to Pocket loans range from £200 to £2,000.† But the shortest loan term available at Pounds to Pocket is six months, while Peachy loans can be as short as 15 days. The maximum loan term is a full year at both Peachy and Pounds to Pocket. Depending on your financial situation, a long-term loan may be a better option than a short-term loan, or vice versa.
A third factor to consider when you compare lenders is how quickly the money needs to be delivered. When you have an emergency bill to pay, time is of the essence. In this instance, Pounds to Pocket and our competitor will both deliver in a timely manner, if approved.
Pounds to Pocket also offers 24/7 customer service. If you ever have a question or concern about your loan, we're here to speak with you via phone, email or online chat. By contrast, our competitor has more limited customer service hours.
If you're a UK resident aged 18 or over and Pounds to Pocket sounds like the lender for you, we invite you to apply by clicking the button below.