With Satsuma nevertheless, we try not to provide money loans – instead, we spend the amount straight into your money in case your application was authorized.
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.
Aided by the Satsuma loan calculator, you are able to pick the amount 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.
Make use of the sliders to check out the expense and repayments for various loans over various durations to obtain the best answer for your needs.
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. But, you’re not obliged to simply simply take a loan out if you don’t desire to achieve this.
In case the application is accepted and also you need to proceed, you’ll then need certainly to offer us even more information therefore we can run the full credit search before installment loans no credit check transferring the agreed quantity for your requirements.
To check on, fill away this form and we’ll give you an immediate decision in 60 seconds, susceptible to affordability.
In certain instances to help expand validate your earnings, we might additionally request a few months’ well worth of pay slips.
Check always just before use
Provide us with a couple of details and you will find down in 60 moments if you are apt to be accepted
Protect your credit rating
Irrespective of the outcome, it’s not going to impact your credit rating until you decide to use
Finish an application that is full
If you decide to use, we are going to then run the full credit check that will keep a mark in your credit history
Do Satsuma provide money loans for bad credit?
A advance loan for bad credit may be a choice from some lenders, but Satsuma usually do not provide money loans – our loans procedure is completely 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. But, our loans are deposited in to a bank-account, maybe perhaps not settled in cash.
When you have a bad credit history, or no credit score, you might find you’re turned away by some loan providers. At Satsuma, we also think about your yearly earnings and outgoings, alongside any kind of economic commitments you have. However, our loan rates of interest are more 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 it a cash loan that is payday?
Pay day loans are generally extremely short term installment loans that are often settled for a passing fancy time you use, but must then typically be repaid within 2-3 weeks.
Although you can expect an immediate choice on all loan requests and supply an eligibility choice within one minute, our company is perhaps not a payday advances financial institution.
At Satsuma, you are given by us between 3 and year to settle your loan.
Exactly how much am I able to borrow?
Determined by the quantity you’ll need, Satsuma term that is short enable you to borrow between ?100 – ?1,000, susceptible to affordability. You can easily distribute the price over 3 to year, in the place of having to repay the amount that is whole one swelling sum.
Will i want a credit check?
We just provide loans at the mercy of a credit check, nevertheless when evaluating your eligibility, we additionally account for 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 money loans and a Satsuma short-term loan
If you’re re re re searching for an advance loan that is 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. This is basically the difference that is biggest between a loan and a Satsuma temporary loan.
By having a Satsuma short-term loan, afterward you repay the amount of money you borrow in line with the routine you select during the outset (3-12 months). We gather your regular or payment per month from the debit card details you offered us through your application.
Some attributes of a short-term loan from Satsuma:
- Your repayments are obtained from your debit card immediately
- The entire procedure is carried away online – you need assistance though we do have a dedicated contact centre too should
- No guarantor becomes necessary. We’ll never request you to find a person who will pay your loan if you can’t. The contract we make is simply between both you and ourselves
- Even while a customer that is new you are able to borrow as much as ?1,000, susceptible to affordability
How exactly to use
To try to get a Satsuma term that is short, 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 an advance loan definition?
These kind of loans are often unsecured and are also settled in money because of the loan provider. Satsuma are extremely dissimilar to this, although our loans may also be unsecured, we have been an online operator from 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 can damage your credit rating and may make getting credit very difficult. With Satsuma nonetheless, the application may nevertheless be considered, despite having a CCJ in your credit history. Utilize our eligibility checker to obtain a sign if you’re likely to be accepted, this will not damage your credit rating.
Can a cash is got by you loan whilst being unemployed?
We might additionally think about your application if you should be unemployed, but you’ll need to demonstrate that you can meet with the payment schedule and pay off anything you borrow, plus interest. Our minimal requirements are that borrowers are British residents aged 18 or higher, having A uk that is valid bank and debit card.
