Borrow 100 – 1,000, susceptible to affordability
Representative 535%​ APR.
Late payment could cause you severe cash issues. For assistance, head to moneyadviceservice.org.uk
Exactly what are money loans?
an advance loan is that loan where money is compensated straight to the debtor. With Satsuma but, we don’t provide money loans – instead, we pay the amount straight into your money if for example the application was authorized.
Why choose Satsuma?
If you’re re re searching for a loan on line, Satsuma may help. We offer online term that is short that can easily be paid back over a period of 3 to one year. If authorized, you can easily borrow between 100 – 1,000 through our online procedure.
We’re able to also provide you with a choice and also have the funds in your account from the exact same time.
We don’t charge payment that is late or application fees, which means you just pay off that which was agreed upfront.
In a few instances we do need three months of pay slips, this really is to make sure we could validate your earnings.
No hidden charges
Our reviews
Our clients speed us 4.68 out of 5.k, July 2019
Take to our loan calculator
It helps to work out exactly how much you can afford to borrow and on what terms if you are considering applying for a short term loan.
Using the Satsuma loan calculator, it is possible to select the quantity you wish to borrow, the size of the payment duration, and whether you like regular or monthly payments – helping you discover an answer that really works on the terms.
Utilize the sliders to consider the expenses and repayments for various loans over various durations to get the solution that is best for your needs.
Verify that you’re eligible
You can examine to see if you’re qualified to receive a quick term loan, without making any trace of a tough search on your own credit report until you opt to apply a short while later. Nonetheless, you aren’t obliged to simply simply simply take down that loan in the event that you don’t want to achieve this.
Then need to give us some more information so we can run a full credit search before transferring the agreed amount to your account if your application is accepted and you wish to proceed, you’ll.
To test, fill this form out and we’ll give you an instantaneous decision in 60 seconds, at the mercy of affordability.
In a few instances to help expand validate your income, we might additionally request three months’ well worth of pay slips.
Check always just before use
Provide us with a details that are few you will discover call at 60 moments if you are probably be accepted
Protect your credit rating
Regardless of the outcome, it will not impact your credit history until you elect to use
Finish the full application
Then run a full credit check which will leave a mark on your credit file if you choose to apply, we’ll
Do Satsuma provide money loans for bad credit?
an advance loan for bad credit may be a choice from some loan providers, nonetheless Satsuma usually do not provide money loans – our loans procedure is totally online.
Then we do look at more than just your credit score when assessing your application, which means we consider applicants who may have an adverse credit history if you are considering applying for our short term loan. Nevertheless, our loans are deposited as a bank-account, perhaps maybe not paid in money.
For those who have an unhealthy credit history, or no credit score, you will probably find you’re turned away by some loan providers. At Satsuma, we also consider carefully your annual earnings and outgoings, alongside any kind of monetary commitments you could have. Nevertheless, our loan interest levels are more than those charged by loan providers such as for example high-street banking institutions.
Once you use, we truly need one to be because accurate as you are able to because of the details you provide us with, therefore we can utilize all of this information to offer an offer which will be affordable.
Is this a payday advance loan?
Pay day loans are generally really short term installment loans that are often given out for a passing fancy time you use, but must then typically be repaid within a few weeks.
Although we provide an immediate choice on all loan requests and offer an eligibility choice within 60 moments, we have been perhaps not a payday advances financial institution .
At Satsuma, we provide you with between 3 and 12 months to settle your loan.
Just how much am I able to borrow?
Determined by the total amount you’ll need, Satsuma term that is short enable you to borrow between 100 – 1,000, at the mercy of affordability. You are able to distribute the fee over 3 to one year, in the place of the need to repay the whole quantity in one lump sum payment.
Will a credit is needed by me check?
We just provide loans susceptible to a credit check, nevertheless when evaluating installment loans Iowa your eligibility, we also account for some other facets about your individual funds and circumstances.
Which means a credit that is limited or an unhealthy credit history won’t always suggest the job is refused.
Some differences when considering money loans and a Satsuma term loan that is short
If you’re re re searching for an advance loan that is compensated and paid back by actually handing over money, a Satsuma loan will never be just the right solution we only provide short term loans, with payments made directly into your bank account for you. This is basically the biggest distinction from an advance loan and a Satsuma temporary loan.
Having a Satsuma term that is short, afterward you repay the cash you borrow based on the routine you select during the outset (3-12 months). We gather your regular or payment per month from the debit card details you provided us throughout your application.
Some popular features of a temporary loan from Satsuma:
Just how to use
To utilize for a Satsuma temporary loan, fill out our online form and we’ll deal because of the entire procedure from beginning to end.
Typical questions about Cash Loans
what exactly is a cash loan meaning?
These kind of loans are often unsecured and generally are given out in money by the loan provider. Satsuma are extremely dissimilar to this, although our loans may also be unsecured, our company is an operator that is online initial application to last payment, this means we spend the cash directly into your bank account.
Can you will get a money loan with a CCJ?
When you yourself have a County Court Judgement (CCJ), this may harm your credit score and may make getting credit very difficult. With Satsuma nonetheless, the job may nevertheless be considered, despite having a CCJ on your own credit history. Make use of our eligibility checker getting a sign if you’re likely to be accepted, this doesn’t damage your credit history.
Can you will get a money loan whilst being unemployed?
We might additionally think about your application if you should be unemployed, but you’ll need to illustrate that you can meet up with the payment schedule and pay off anything you borrow, plus interest. Our minimal requirements are that borrowers are UK residents aged 18 or higher, with A uk that is valid bank and debit card.