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

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

With Satsuma nonetheless, we usually do not offer money loans – instead, we spend the amount straight into your money when your application is authorized.

Take to our loan calculator

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

Because of the Satsuma loan calculator, it is possible to pick the quantity you intend to borrow, the size of the payment duration, and whether you like regular or monthly payments – helping you discover an answer that works well on the terms.

Utilize the sliders to check out the expenses and repayments for various loans over various durations to get 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 aren’t obliged to simply simply take a loan out 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 check on, fill down this form and we’ll give you an immediate decision in 60 seconds, susceptible to affordability.

In a few instances to help expand validate your earnings, we may additionally request a few months’ well well well worth of pay slips.

Check always just before apply

Provide us with a couple of details and you will discover away in 60 moments if you should be probably be accepted

Protect your credit rating

Irrespective of the total outcome, it’s not going to influence your credit rating until you decide 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 provide money loans for bad credit?

A loan for bad credit might be a choice from some loan providers, nevertheless Satsuma try not to provide money loans – our loans procedure is completely online.

If you’re considering applying for our short-term loan, then we do glance at more than simply your credit history whenever evaluating the job, which means that we think about candidates and also require a detrimental credit rating. Nevertheless, our loans are deposited in to a bank-account, maybe 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 yearly earnings and outgoings, alongside some other 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 it a cash loan that is payday?

Payday advances are generally really short term installment loans that are often given out for a passing fancy time you use, but must then typically be reimbursed within a couple weeks.

Although you can expect an instant choice on all loan requests and supply an eligibility decision within one minute, we’re maybe not a payday cash loan company.

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

Just how much can I borrow?

Influenced by the quantity you may need, Satsuma term that is short enable you to borrow between ?100 – ?1,000, at the mercy of affordability. It is possible to distribute the price over 3 to year, rather than the need to repay the amount that is whole one swelling amount.

Will i want a bad credit installment loans credit check?

We just provide loans susceptible to a credit check, nevertheless when assessing your eligibility, we additionally account fully for various other factors with regards to your finances that are personal circumstances.

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

Some differences when considering money loans and a Satsuma term loan that is short

If you’re re re re searching for an advance loan this is certainly compensated and paid back by actually handing over money, a Satsuma loan won’t be the best solution we only provide short term loans, with payments made directly into your bank account for you. This is actually the biggest huge difference between a loan and a Satsuma short-term loan.

Having a Satsuma term that is short, afterward you repay the funds you borrow in line with the routine you select in the outset (3-12 months). We gather your regular or payment per month from the debit card details you offered us through your application.

Some options that come with a short-term loan from Satsuma:

  • Your repayments are obtained from your debit card immediately
  • Your whole procedure is carried away 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 simply between both you and ourselves
  • Even while a customer that is new you are able to borrow up to ?1,000, at the mercy of affordability

Just how to use

To try to get a Satsuma term that is short, fill out our online form and we’ll deal utilizing the entire procedure from beginning to end.

Typical questions about Money Loans

What’s an advance loan meaning?

These kinds of loans usually are unsecured and are also given out in money because of the loan provider. Satsuma are particularly dissimilar to this, although our loans may also be unsecured, we have been an online operator from initial application to last payment, this means we spend the funds straight into your account.

Can you can get a money 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 application may nevertheless be considered, despite having a CCJ in your credit report. Make use of our eligibility checker getting a sign if you’re likely to be accepted, this will not damage your credit history.

Can you receive 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 aged 18 or higher, having a legitimate british banking account and debit card.

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