With Satsuma but, we don’t provide cash loans – instead, the sum is paid by us straight into your money if the application happens to be approved.
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.
Because of the Satsuma loan calculator, you can easily select the quantity you intend to borrow, the length of the repayment duration, and whether you want regular or monthly payments – helping you will find an answer that actually works in your terms.
Utilize the sliders to check out the expenses and repayments for various loans over various durations to obtain the solution that is best for you personally.
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 difficult search in your credit file until you choose to use a short while later. Nevertheless https://installmentloansite.com, you aren’t obliged to simply just take a loan out in the event that you don’t desire 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 down this form and we’ll give you an instantaneous decision in 60 seconds, susceptible to affordability.
In certain instances to help expand validate your earnings, we might additionally request three months’ well well worth of pay slips.
Check always just before use
Provide us with a couple of details and you will find call at one minute if you are apt to be accepted
Protect your credit rating
Irrespective of the total outcome, it’s not going to impact your credit rating until you decide to use
Finish the full application
If you decide to use, we will then run the full credit check that will leave a mark on the credit history
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.
If you should be considering trying to get our temporary loan, then we do view more than simply your credit rating when evaluating the job, which means that we start thinking about candidates and also require an undesirable credit rating. But, our loans are deposited right into a banking account, maybe perhaps not given out 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 some other economic commitments you have. Nevertheless, our loan rates of interest are more than those charged by lenders 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?
Payday advances are usually extremely short term loans that are often given out on a single day you use, but must then typically be repaid within a couple weeks.
Although you can expect an immediate choice on all applications and offer an eligibility choice within 60 moments, our company is maybe not a payday advances loan company.
At Satsuma, we present between 3 and one year to settle your loan.
Just how much am I able to borrow?
Determined by the total amount you’ll need, Satsuma short term installment loans permit you to borrow between ?100 – ?1,000, at the mercy of affordability. You’ll distribute the price over 3 to one year, rather than the need to repay the entire quantity in one lump amount.
Will i want a credit check?
We just provide loans at the mercy of a credit check, however when assessing your eligibility, we also take into consideration some other facets about your finances that are personal circumstances.
This means a credit that is limited or a bad credit history won’t fundamentally suggest the application is refused.
Some differences when considering cash loans and a Satsuma temporary loan
If you’re re re re searching for a advance loan that is compensated and paid back by actually handing over money, a Satsuma loan will never be just the right solution for you personally – we just offer short term installment loans, with payments made straight into your money. This is actually the biggest distinction from an advance loan and a Satsuma temporary loan.
Having a Satsuma short-term loan, afterward you repay the funds you borrow in line with the routine you decide on in the outset (3-12 months). We gather your regular or payment per month from the debit card details you provided us through your application.
Some popular features of a term that is short from Satsuma:
- Your repayments are obtained from your debit card immediately
- The complete procedure is carried away online – though we do have a separate contact centre too should you’ll need help
- 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 simply between both you and ourselves
- Even while a brand new client, it is possible to borrow as much as ?1,000, at the mercy of affordability
How exactly to use
To try to get a Satsuma short-term loan, fill out our online form and we’ll deal utilizing the entire procedure from beginning to end.
Typical questions about Money Loans
What exactly is a loan meaning?
These kinds of loans usually are unsecured and generally are given out in money because of the lender. Satsuma are extremely dissimilar to this, although our loans will also be unsecured, we have been an online operator from initial application to last payment, which means that we spend the amount of money straight into your account.
Can a cash is got by you loan by having a CCJ?
This will harm your credit score and can make getting credit quite difficult if you have a County Court Judgement (CCJ. With Satsuma nonetheless, the application may remain 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 rating.
Can a cash is got by you loan whilst being unemployed?
We might additionally consider carefully 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 higher, by having A uk that is valid bank and debit card.