With Satsuma nonetheless, we usually do not provide money loans – instead, the sum is paid by us straight into your money should your 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.
With all the Satsuma loan calculator, you can easily pick the quantity you intend to borrow, the size of the payment duration, and whether you want regular or monthly payments – helping you see a remedy that really works in your terms.
Utilize the sliders to check out the expenses and repayments for different loans over various durations to get 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 just simply take down a loan in the event that you don’t desire to do 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 this form out and we’ll give you an immediate decision in 60 seconds, at the mercy of affordability.
In a few instances to help validate your earnings, we may additionally request a few months’ worth of pay slips.
Check always just before use
Provide us with a few details and you will discover down in 60 seconds if you should be probably be accepted
Protect your credit rating
Regardless of the outcome, it will not influence your credit rating until you decide to apply
Complete an application that is full
If you decide to use, we are going to then run a complete credit check that will keep a mark on your own credit report
Do Satsuma provide money loans for bad credit?
A advance loan for bad credit might be an alternative from some loan providers, but Satsuma try not to provide money loans – our loans procedure is totally online.
If you’re considering trying to get our temporary loan, then we do consider more than simply your credit rating when evaluating the application, which means that we start thinking about applicants who may have an negative credit rating. But, our loans are deposited into a bank-account, maybe perhaps maybe 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 think about your income that is annual and, alongside every other economic commitments you could have. Nevertheless, our loan interest levels are greater than those charged by loan providers such as for instance high-street banking institutions.
Once you use, we truly need one to be since accurate that you can with all the details you provide us with, therefore we can use all of this information to give you an offer that will be affordable.
Is it a payday advance loan?
Payday advances are usually extremely short term installment loans that are given out on the same day you use, but must then typically be reimbursed within 2-3 weeks.
Although we provide an instantaneous choice on all loan requests and supply an eligibility choice within 60 moments, we have been perhaps not a payday advances loan company.
At Satsuma, we offer you between 3 and one year to settle your loan.
Exactly how much am I able to borrow?
Influenced by the quantity you will need, Satsuma term that is short permit you to borrow between ?100 – ?1,000, susceptible to affordability. You’ll distribute the price over 3 to one year, rather than the need to repay the amount that is whole one swelling amount.
Will i want a credit check?
We just provide loans susceptible to a credit check, however when evaluating your eligibility, we additionally account fully for various other facets about your finances that are personal circumstances.
This means a restricted credit rating or an undesirable credit history won’t fundamentally mean the job is refused.
Some differences when considering money loans and a Satsuma term loan that is short
If you’re re re searching for a loan that is compensated and repaid by actually handing over money, a Satsuma loan won’t be the proper 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 loan and a Satsuma short-term loan.
By having a Satsuma term that is short, you then repay the amount of money you borrow in accordance with the routine you select in 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 top features of a term that is short from Satsuma:
- Your repayments are obtained from your debit card immediately
- Your whole procedure is carried down online – you need assistance though we do have a dedicated contact centre too should
- No guarantor will become necessary. We’ll never request you to find an individual who will pay your loan if you can’t. The contract we make is 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
How exactly to use
To use for a Satsuma temporary loan, fill out our online application and we’ll deal using the entire process from beginning to end.
Typical questions about Money Loans
What exactly is an advance loan meaning?
These kind of loans are often unsecured and they are given out in money because of the loan provider. Satsuma have become dissimilar to this, although our loans may also be unsecured, our company is an online operator from initial application to last payment, which means that we spend the cash straight into your bank account.
Can you can get a money 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 be considered, despite having a CCJ on the credit history. Make use of our eligibility checker to have a sign if you’re likely to be accepted, this doesn’t damage your credit history.
Can you can get a money loan whilst being unemployed?
We possibly may 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 installment loans for bad credit aged 18 or higher, with a legitimate british banking account and debit card.