a loan is that loan where money is paid right to the debtor.
With Satsuma nevertheless, we usually do not provide money loans – instead, the sum is paid by us straight into your money in case the application happens to be authorized.
Decide to try our loan calculator
If you should be considering trying to get a brief term loan, it can help to sort out how much you can easily manage to borrow as well as on exactly what terms.
Utilizing the Satsuma loan calculator, you can easily select the quantity you intend to borrow, the length of the payment duration, and you find a solution that works on your terms whether you prefer weekly or monthly payments – helping.
Utilize the sliders to check out the expense and repayments for various loans over various durations to obtain the solution that is best for your needs.
Verify that you’re eligible
You should check to see unless you decide to apply afterwards if you’re eligible for a short term loan, without leaving any trace of a hard search on your credit file. Nonetheless, you aren’t obliged to just take away that loan in the event that you don’t need to achieve this.
If for example the application is quick easy installment loans accepted and also you desire to continue, you’ll then need certainly to offer us a few more information therefore we can run the full credit search before transferring the agreed quantity for your requirements.
To test, fill this form out and we’ll give you an immediate decision in 60 seconds, at the mercy of affordability.
In certain instances to help validate your earnings, we may additionally require a few months’ well well well worth of pay slips.
Check just before use
Provide us with a couple of details and you will find call at one minute if you should be apt to be accepted
Protect your credit rating
Regardless of the total result, it will not influence your credit rating until you decide to use
Finish the full application
If you opt to use, we will then run a complete credit check that may keep a mark in your credit history
Do Satsuma provide money loans for bad credit?
A advance loan for bad credit might be an alternative from some loan providers, nevertheless Satsuma usually do not provide money loans – our loans procedure is totally online.
If you should be considering trying to get our temporary loan, then we do view more than simply your credit rating whenever evaluating the application, this means we think about candidates and also require an negative credit rating. Nevertheless, our loans are deposited right into a bank-account, perhaps perhaps not given out in money.
When you yourself have an undesirable credit history, or no credit score, you could find you’re turned away by some lenders. At Satsuma, we also consider carefully your yearly earnings and outgoings, alongside virtually any monetary commitments you might have. Nonetheless, our loan interest levels are greater than those charged by loan providers such as for example high-street banking institutions.
We need you to be as accurate as possible with the details you give us, so we can use all this information to give you an offer which is affordable when you apply.
Is this a payday advance loan?
Pay day loans are generally really short term installment loans that are often given out on a single time you apply, but must then typically be reimbursed within a couple weeks.
Although we provide an instantaneous choice on all applications and offer an eligibility choice within 60 moments, our company is maybe not a payday advances financial institution.
At Satsuma, you are given by us between 3 and one year to settle your loan.
Simply how much am I able to borrow?
Influenced by the total amount you want, Satsuma short term installment loans enable you to borrow between ?100 – ?1,000, at the mercy of affordability. You are able to distribute the price over 3 to one year, as opposed to having to repay the amount that is whole one lump sum payment.
Will a credit is needed by me check?
We just provide loans susceptible to a credit check, however when evaluating your eligibility, we additionally account fully for various other facets about your individual funds and circumstances.
This means a restricted credit rating or a poor credit history won’t fundamentally suggest the job is rejected.
Some differences when considering money loans and a Satsuma temporary loan
If you’re re searching for a advance loan this is certainly compensated and paid back by actually handing over money, a Satsuma loan won’t be the proper solution we only provide short term loans, with payments made directly into your bank account for you. Here is the biggest huge difference from a advance loan and a Satsuma short-term loan.
With a Satsuma term that is short, afterward you repay the cash you borrow based on the routine you select in the outset (3-12 months). We gather your regular or payment that is monthly the debit card details you provided us throughout your application.
Some attributes of a temporary loan from Satsuma:
- Your repayments are extracted from your debit card immediately
- Your whole process is carried away online – though we do have a separate contact centre too should you’ll need help
- No guarantor is necessary. We’ll never ask you to find somebody who pays your loan if you can’t. The contract we make is between you and ourselves
- Even while a new client, you can easily borrow as much as ?1,000, susceptible to affordability
Just how to use
To utilize for a Satsuma term that is short, fill out our online form and we’ll deal with all the entire process from beginning to end.
Common questions about Money Loans
What exactly is an advance loan meaning?
These kind of loans usually are unsecured and so are given out in money by the loan provider. Satsuma are particularly dissimilar to this, although our loans may also be unsecured, we have been an operator that is online initial application to final payment, this means we spend the income straight into your bank account.
Can a cash is got by you loan with a CCJ?
For those who have a County Court Judgement (CCJ), this may damage your credit history and will make getting credit very difficult. With Satsuma nevertheless, the application may be considered, despite having a CCJ in your credit history. Utilize our eligibility checker getting a sign if you’re likely to be accepted, this doesn’t damage your credit history.
Can a cash is got by you loan whilst being unemployed?
We might additionally consider carefully your application if you should be unemployed, but you’ll need certainly to demonstrate that you can meet with the repayment schedule and pay off all you borrow, plus interest. Our minimal requirements are that borrowers are British residents aged 18 or higher, having a legitimate british banking account and debit card.