With Satsuma nonetheless, we don’t provide cash loans – instead, the sum is paid by us straight into your money when your application happens to be authorized.
Decide to try 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, you can easily select the quantity you intend to borrow, the size 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 get the best solution for you personally.
Verify that you’re eligible
You can examine 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. Nevertheless, you aren’t obliged to just simply take a loan out in the event that you don’t desire to do 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 check on, fill down this form and we’ll give you an instantaneous decision in 60 seconds, susceptible to affordability.
In certain instances to advance validate your earnings, we might also request three months’ worth of pay slips.
Check always just before use
Provide us with a details that are few you will discover call at one minute if you should be apt to be accepted
Protect your credit rating
Irrespective of the total outcome, it will not influence your credit rating until you choose to use
Finish the full application
If you decide to use, we are going to then run a complete credit check that will keep a mark in your credit history
Do Satsuma provide money loans for bad credit?
An advance loan for bad credit may be an alternative from some lenders, but Satsuma don’t provide cash 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. Nonetheless, our loans are deposited right into a bank-account, perhaps perhaps not settled in money.
You may find you’re turned away by some lenders if you have a poor credit score, or no credit history. At Satsuma, we also consider carefully your yearly earnings and outgoings, alongside virtually any economic commitments you might have. Nonetheless, our loan interest levels are greater than those charged by loan providers such as for instance high-street banks.
Once you apply, we require you to definitely be because accurate as you can using the details you provide us with, so we can utilize all of this information to offer an offer which will be affordable.
Is this a payday advance loan?
Payday advances are generally really short term installment loans that are often given out for a passing fancy time you use, but must then typically be reimbursed within a couple weeks.
Although you can expect an instant choice on all loan requests and supply an eligibility choice within one minute, we have been maybe not a payday advances loan company.
At Satsuma, you are given by us between 3 and year to settle your loan.
Just how much could I borrow?
Influenced 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 can easily distribute the fee over 3 to year, rather than the need to repay the amount that is whole one lump sum payment.
Will i want a credit check?
We just provide loans susceptible to a credit check, however when evaluating your eligibility, we additionally take into consideration some other factors relating to your individual finances and circumstances.
Which means that a restricted credit rating or an undesirable credit history won’t fundamentally mean the job is refused.
Some differences when considering cash loans and a Satsuma term loan that is short
If you’re re searching for an advance loan that is compensated and paid back by actually handing over money, a Satsuma loan will never be the proper solution we only provide short term loans, with payments made directly into your bank account for you. This is basically the biggest difference between a loan and a Satsuma temporary loan.
By having a Satsuma term that is short, afterward you repay the funds you borrow in line with the routine you select during the outset (3-12 months). We gather your regular or monthly payment from the debit card details you provided us through your application.
Some attributes of a short-term loan from Satsuma:
- Your repayments are extracted from your debit card immediately
- The entire procedure is carried away online – though we do have a separate contact centre too should you will need support
- No guarantor becomes necessary. We’ll never request you to find somebody who will pay your loan if you can’t. The contract we make is between you and ourselves
- Even while a customer that is new it is possible to borrow as much as ?1,000, susceptible to affordability
Just how to use
To utilize for a Satsuma short term loan, fill out our online application and we’ll deal utilizing the entire procedure from beginning to end.
Common questions about Money Loans
What is a advance loan meaning?
These kind of loans are often unsecured and therefore are settled in money because of the loan provider. Satsuma are extremely dissimilar to this, although our loans will also be unsecured, we are an online operator from initial application to last payment, meaning we spend the cash straight into your bank account.
Can you will get a money loan with a CCJ?
For those who have a County Court Judgement (CCJ), this may damage your credit rating and will make getting credit very difficult. With Satsuma nevertheless, the application may nevertheless be considered, despite having a CCJ on the credit history. Make use of our eligibility checker to have a sign if you’re likely to be accepted, this will not damage your credit history.
Can a cash is got by you loan whilst being unemployed?
We possibly may additionally think about your application if you should be unemployed, but you’ll need to demonstrate that you can meet up with the payment schedule and pay off all you borrow, plus interest. Our minimal requirements are that borrowers are British residents aged 18 or higher, by having A uk that is valid bank and debit card.