Pay day loans are generally really short term installment loans that are often given out on a single time you use, but must then typically be repaid within a couple weeks.
Although we provide an immediate choice on all loan requests and supply an eligibility choice within one minute, our company is maybe not a payday advances financial institution .
At Satsuma, we present between 3 and year to settle your loan.
Simply how much am I able to borrow?
Influenced by the quantity you’ll need, Satsuma short term installment loans enable you to borrow between ВЈ100 – ВЈ1,000, susceptible to affordability. It is possible to distribute the price over 3 to one year, in the place of the need to repay the whole quantity in one swelling amount.
We just provide loans at the mercy of a credit check, but once assessing your eligibility, we additionally account for various other facets about your individual funds and circumstances.
Which means that a credit that is limited or a bad credit history wonвЂ™t fundamentally suggest the application is refused.
Some differences when considering money loans and a Satsuma temporary loan
If youвЂ™re searching for an advance loan that is paid and paid back by physically handing over money, a Satsuma loan will never be the proper solution for you personally вЂ“ we just offer short term installment loans, with payments made straight into your money. Here is the difference that is biggest from a loan and a Satsuma short term loan.
By having a Satsuma term that is https://www.pdqtitleloans.com short, afterward you repay the cash you borrow in line with the routine you select during the outset (3-12 months). We gather your regular or payment that is monthly the debit card details you offered us through your application.
Some attributes of a term that is short from Satsuma:
- Your repayments are extracted from your debit card immediately
- Your whole procedure is carried down online вЂ“ though we do have a passionate contact centre too should you’ll need support
- No guarantor is 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 customer that is new you are able to borrow as much as ВЈ1,000, at the mercy of affordability
How exactly to use
To utilize for a Satsuma temporary loan, fill out our online form and weвЂ™ll deal using the entire process from beginning to end.
Typical questions about Money Loans
what’s an advance loan definition?
These kinds of loans usually are unsecured and so are given out in money because of the lender. Satsuma are dissimilar to this, although our loans will also be unsecured, our company is an online operator from initial application to last payment, which means that we spend the amount of money straight into your bank account.
Can you can get a cash loan with a CCJ?
When you have a County Court Judgement (CCJ), this may damage your credit rating and that can make getting credit very difficult.
With Satsuma nevertheless, the application may nevertheless be considered, despite having a CCJ in your credit history. Utilize our eligibility checker to obtain a sign if youвЂ™re likely to be accepted, this doesn’t damage your credit rating.
Can you receive a money loan whilst being unemployed?
We might additionally think about your application if you should be unemployed, but you’ll need to illustrate that you can meet up with the repayment schedule and pay off all you borrow, plus interest. Our minimal requirements are that borrowers are UK residents aged 18 or higher, having A uk that is valid bank and debit card.