an advance loan is that loan where money is compensated straight to the debtor.

With Satsuma but, we usually do not provide money loans – instead, we spend the amount straight into your money if the application happens to be 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.

Utilizing the Satsuma loan calculator, you can easily select the quantity you need to borrow, the size of the repayment 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 consider the expense and repayments for different loans over various durations to get 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. But, you aren’t obliged to just simply simply take a loan out if you don’t want to achieve this.

If for example the application is accepted and also you desire to proceed, you’ll then need certainly to offer us even more information therefore we can run the full credit search before transferring the agreed quantity for your requirements.

To check on, 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 expand validate your earnings, we may additionally require a few months’ worth of pay slips.

Check always just before use

Provide us with a details that are few you will discover away in 60 moments if you should be apt to be accepted

Protect your credit rating

Regardless of the outcome, it’s not going to influence your credit rating until you elect to use

Finish an application that is full

Then run a full credit check which will leave a mark on your credit file if you choose to apply, we’ll

Do Satsuma offer money loans for bad credit?

A loan for bad credit may be a choice 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 glance at 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, maybe maybe not given out online installment loans in cash.

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 just about any economic commitments you may possibly have. Nevertheless, our loan interest levels are greater than those charged by lenders such as for instance 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 cash loan that is payday?

Payday advances are usually extremely short term installment loans that are often paid out for a passing fancy time you use, but must then typically be reimbursed 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 perhaps not a payday advances financial institution.

At Satsuma, we provide you with between 3 and one year to settle your loan.

Simply how much can I borrow?

Influenced by the quantity you will need, Satsuma short term installment loans permit you to borrow between ?100 – ?1,000, at the mercy of affordability. It is possible to distribute the price over 3 to year, in place of the need to repay the amount that is whole one swelling sum.

Will i want a credit check?

We only provide loans susceptible to a credit check, however when evaluating your eligibility, we additionally account fully for various other facets relating to your individual funds and 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 searching for an advance loan this is certainly compensated and paid back by actually handing over money, a Satsuma loan will never be the best solution we only provide short term loans, with payments made directly into your bank account for you. This is the difference that is biggest from a loan and a Satsuma short-term loan.

By having a Satsuma temporary loan, afterward you repay the cash you borrow in accordance with the routine you decide on during the outset (3-12 months). We collect your regular or payment that is monthly the debit card details you offered us throughout your application.

Some attributes of a term that is short from Satsuma:

• Your repayments are obtained from your debit card automatically
• The entire procedure is carried away online – though we do have a separate contact centre too should you want assistance
• No guarantor is necessary. We’ll never request you to find an individual who pays your loan if you can’t. The contract we make is simply between you and ourselves
• Even while a customer that is new you are able to borrow as much as ?1,000, at the mercy of affordability

How exactly to use

To try to get a Satsuma temporary loan, fill out our online form and we’ll deal because of the entire process from beginning to end.

Typical questions about Money Loans

What exactly is an advance loan meaning?

These kinds of loans are often unsecured and are usually given out in money because of the loan provider. Satsuma are particularly different to this, although our loans may also be unsecured, our company is an operator that is online initial application to last repayment, this means we spend the funds straight into your account.

Can a cash is got by you loan by having a CCJ?

When you yourself have a County Court Judgement (CCJ), this may damage your credit rating and can make getting credit very difficult. With Satsuma nevertheless, the job may nevertheless be considered, despite having a CCJ in your credit report. Utilize our eligibility checker getting a sign if you’re likely to be accepted, this doesn’t damage your credit rating.

Can you receive a money loan whilst being unemployed?

We might additionally consider carefully your application if you are unemployed, however you will need certainly to illustrate that you can meet with the payment schedule and pay off all you borrow, plus interest. Our minimal requirements are that borrowers are UK residents aged 18 or higher, with a legitimate british banking account and debit card.