Payday advances are usually extremely short term installment loans that are often given out on a single time you use, but must then typically be reimbursed within a couple weeks.
Although you can expect an immediate choice on all loan requests and supply an eligibility choice within 60 moments, we have been perhaps not a payday advances financial institution .
At Satsuma, we offer you between 3 and one year to settle your loan.
Just how much may I borrow?
Determined by the quantity you may need, Satsuma term that is short permit you to borrow between ВЈ100 – ВЈ1,000, susceptible to affordability. You are able to distribute the price over 3 to year, rather than having to repay the whole quantity in one lump sum payment.
We just provide loans susceptible to a credit check, nevertheless when evaluating your eligibility, we additionally take into consideration some other facets relating to your individual funds and circumstances.
Which means that a credit that is limited or an undesirable credit history wonвЂ™t fundamentally suggest the job is refused.
Some differences when considering money loans and a Satsuma temporary loan
If youвЂ™re re re re searching for a advance loan this is certainly 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 distinction between a loan and a Satsuma temporary loan.
Having a Satsuma short-term loan, afterward you repay the cash you borrow in line with the routine you decide on during the outset (3-12 months). We gather your regular or payment that is monthly the debit card details you provided us throughout your application.
Some popular features of a term that is short from Satsuma:
- Your repayments are extracted from your debit card automatically
- The complete procedure is carried away online вЂ“ though we do have a separate contact centre too should you will need help
- No guarantor will become necessary. WeвЂ™ll never request you to find somebody who will pay your loan if you canвЂ™t. The contract we make is simply between both you and ourselves
- Even while a brand new client, you can easily borrow as much as ВЈ1,000, at the mercy of affordability
Just how to use
To try to get a Satsuma short-term loan, fill in our online form and weвЂ™ll deal using the entire process from beginning to end.
Typical questions about Money Loans
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These kinds of loans are often unsecured and are also given out in cash because of the loan provider. Satsuma are particularly dissimilar to this, although our loans will also be unsecured, our company is an operator that is online initial application to final repayment, this means we spend the funds straight into your bank account.
Can a cash is got by you loan with a CCJ?
When you yourself have a County Court Judgement (CCJ), this can harm your credit rating and that can make getting credit very difficult.
With Satsuma nevertheless, the job may be considered, despite having a CCJ on your own credit report. Utilize our eligibility checker to obtain a sign if youвЂ™re likely to be accepted, this will not damage your credit rating.
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 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, with A uk that is valid bank and debit card.