an advance loan is that loan where money is compensated straight to the debtor.
With Satsuma nevertheless, we don’t provide money loans – instead, the sum is paid by us straight into your money in case the application happens to be approved.
Take to our loan calculator
If you should be considering obtaining a brief term loan, it will help to work through how much you’ll manage to borrow as well as on exactly what terms.
Utilizing the Satsuma loan calculator, you’ll pick the quantity you need 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 consider the expenses and repayments for various loans over different durations to get the best answer for you personally.
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. But, you aren’t obliged to simply take a loan out in the event that you don’t need 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 check on, fill away this form and we’ll give you an instantaneous decision in 60 seconds, at the mercy of affordability.
In a few instances to help validate your earnings, we may additionally require a few months’ well worth of pay slips.
Check always just before use
Provide us with a details that are few you will discover away in one minute if you should be probably be accepted
Protect your credit rating
Irrespective of the total outcome, it’s not going to influence your credit rating until you elect to use
Finish a 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 cash loans for bad credit?
An advance loan for bad credit might be a choice from some lenders, 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 examine more than just your credit score when evaluating the application, which means that we think about candidates and also require a bad credit rating. But, our loans are deposited into a bank account, maybe maybe not paid 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 income that is annual and, alongside every other monetary commitments you have. Nonetheless, our loan interest levels are greater than those charged by loan providers such as for example high-street banking institutions.
Whenever you use, we require one to be since accurate that you can using the details you provide us with, so we can utilize all this work information to provide you with an offer that will be affordable.
Is it a payday advance loan?
Pay day loans are usually really short term installment loans that are often settled for a passing fancy time you use, but must then typically be repaid within a couple weeks.
We are not a payday cash loan provider although we offer an instant decision on all loan applications and provide an eligibility decision within 60 seconds.
At Satsuma, we provide you with between 3 and one year to settle your loan.
Simply how much could I borrow?
Determined by the quantity you may need, 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, in place of having to repay the entire quantity in one swelling amount.
Will i want a credit check?
We just provide loans at the mercy of a credit check, nevertheless when assessing your eligibility, we additionally account for various other facets about your finances that are personal circumstances.
Which means a restricted credit rating or an undesirable credit history won’t fundamentally suggest the application is refused.
Some differences when considering money loans and a Satsuma term loan that is short
If you’re re searching for a loan that is compensated and paid back by actually handing over money, a Satsuma loan won’t be the best solution for you personally – we just offer short term installment loans, with payments made straight into your money. This is actually the difference that is biggest between a cash loan and a Satsuma temporary loan.
Having a Satsuma term that is short, afterward you repay the funds you borrow in accordance with the routine you decide on during the outset (3-12 months). We gather installment loans no credit check your regular or payment that is monthly the debit card details you provided us throughout your application.
Some options that come with a short-term loan from Satsuma:
- Your repayments are obtained from your debit card automatically
- The complete procedure is carried down online – you need assistance though we do have a dedicated contact centre too should
- No guarantor is required. We’ll never request you to find somebody who will pay your loan if you can’t. The contract we make is merely between both you and ourselves
- Even while a customer that is new it is possible to borrow as much as ?1,000, at the mercy of affordability
Just how to use
To try to get a Satsuma temporary loan, fill out our online form and we’ll deal utilizing the entire process from beginning to end.
Typical questions about Money Loans
What exactly is a advance loan meaning?
These kinds of loans usually are unsecured consequently they are settled in money because of the lender. Satsuma are extremely dissimilar to this, although our loans may also be unsecured, we have been an operator that is online initial application to last payment, this means we spend the amount of money straight into your account.
Can you will get a money loan by having a CCJ?
When you have a County Court Judgement (CCJ), this may damage your credit rating and certainly will make getting credit very difficult. With Satsuma but, the application may nevertheless be considered, despite having a CCJ on the credit history. Utilize our eligibility checker to obtain a sign if you’re likely to be accepted, this doesn’t damage your credit rating.
Can you can get a money loan whilst being unemployed?
We might additionally think about your application that you can meet the repayment schedule and pay back everything you borrow, plus interest if you are unemployed, but you will have to prove. Our minimal requirements are that borrowers are British residents aged 18 or over, by having A uk that is valid bank and debit card.