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

With Satsuma nevertheless, we don’t provide money loans – instead, we spend the amount straight into your money in the event your application happens to be authorized.

Decide to try our loan calculator

If you should be considering trying to get a quick term loan, it can help to work through how much you’ll manage to borrow as well as on what terms.

With all the Satsuma loan calculator, you can easily pick the quantity you intend to borrow, installment loans the size of the payment duration, and whether you like regular or monthly payments – helping you will find an answer that actually works on your own terms.

Utilize the sliders to consider the expense and repayments for various loans over various periods to obtain the solution that is best for you personally.

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. Nevertheless, you’re not obliged to simply simply simply take away that loan in the event that you don’t need to achieve 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 check on, fill this form out and we’ll give you an instantaneous decision in 60 seconds, at the mercy of affordability.

In a few instances to advance validate your earnings, we might also ask for a few months’ well well worth of pay slips.

Check always just before use

Provide us with a couple of details and you will discover away in one minute if you are apt to be accepted

Protect your credit rating

Irrespective of the total outcome, it will not impact your credit rating unless you decide to use

Complete the full application

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?

An advance loan for bad credit might be an alternative from some loan providers, but Satsuma try not to provide cash loans – our loans procedure is completely online.

If you’re considering trying to get our short-term loan, then we do glance at more than simply your credit rating whenever evaluating the application, which means that we start thinking about candidates and also require an adverse credit score. Nonetheless, our loans are deposited right into a banking account, perhaps 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 consider carefully 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 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 this a payday advance loan?

Pay day loans are generally really short term installment loans that are given out for a passing fancy time you use, but must then typically be repaid within a couple weeks.

Although you can expect an instantaneous choice on all loan requests and offer an eligibility choice within one minute, we have been maybe not a payday advances loan company.

At Satsuma, you are given by us between 3 and year to settle your loan.

Exactly how much may I borrow?

Influenced by the quantity you will need, Satsuma term that is short permit you to borrow between ?100 – ?1,000, at the mercy of affordability. You’ll spread the fee over 3 to 12 months, as opposed to the need to repay the amount that is whole one swelling amount.

Will i want a credit check?

We only provide loans at the mercy of a credit check, however when evaluating your eligibility, we additionally take into consideration various other facets about your individual funds and circumstances.

This means a credit that is limited or an unhealthy credit history won’t always suggest the application is refused.

Some differences when considering cash loans and a Satsuma short-term loan

If you’re re searching for a loan this is certainly compensated and paid back by actually handing over money, a Satsuma loan will never be the best solution for you personally – we just offer short term installment loans, with payments made straight into your money. Here is the biggest huge difference from an advance loan and a Satsuma short-term loan.

Having a Satsuma term that is short, afterward you repay the income 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 obtained from your debit card immediately
  • The complete procedure is carried away online – you need assistance though we do have a dedicated contact centre too should
  • No guarantor is necessary. We’ll never request you to find somebody who will pay your loan if you can’t. The agreement we make is just between you and ourselves
  • Even while a brand new consumer, you are able to borrow as much as ?1,000, susceptible to affordability

Simple tips to use

To try to get a Satsuma short-term loan, fill out our online application and we’ll deal utilizing the entire process from beginning to end.

Typical questions about Money Loans

What exactly is a loan meaning?

These kinds of loans are often unsecured and generally are given out in money by the loan provider. Satsuma are particularly dissimilar to this, although our loans may also be unsecured, our company is an online operator from initial application to last payment, meaning we spend the income straight into your bank account.

Can you obtain 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 nevertheless, the application may nevertheless be considered, despite having a CCJ on the credit report. Utilize our eligibility checker to obtain a sign if you’re likely to be accepted, this doesn’t damage your credit rating.

Can a cash is got by you loan whilst being unemployed?

We possibly may additionally consider carefully 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 aged 18 or higher, with A uk that is valid bank and debit card.