With Satsuma but, we usually do not provide 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 sort out exactly how much you can easily manage to borrow as well as on what terms.

Aided by the Satsuma loan calculator, you can easily select the quantity you need to borrow, the size of the repayment duration, and whether you like regular or monthly payments – helping you will find a remedy that actually works on your own terms.

Utilize the sliders to consider the expenses and repayments for various loans over various durations to get the best answer for you personally.

Verify that you’re eligible

You should check to see if you’re entitled to a brief term loan, without making any trace of a difficult search on your own credit report until you opt to apply a short while later. But, you aren’t obliged to just take away that loan in the event that you don’t need 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 away this form and we’ll give you an instantaneous decision in 60 seconds, at the mercy of affordability.

In certain instances to help expand validate your income, we might additionally require a few months’ worth of pay slips.

Check just before use

Provide us with a details that are few you will discover call at 60 moments if you are probably be accepted

Protect your credit rating

Regardless of the total result, it will not impact your credit rating until you decide to use

Finish 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 provide money loans for bad credit?

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

Then we do look at more than just your credit score when assessing your application, which means we consider applicants who may have an adverse credit history if you are considering applying for our short term loan. Nonetheless, our loans are deposited as a bank-account, maybe maybe perhaps not given out in money.

When you have an unhealthy credit rating, or no credit rating, you will probably find you’re turned away by some loan providers. At Satsuma, we also consider carefully your annual earnings and outgoings, alongside every other economic commitments you have. Nonetheless, our loan rates of interest are more than those charged by loan providers such as for instance high-street banks.

Once you apply, we truly need one to be because accurate as you possibly can aided by the details you provide us with, so we can utilize all of this information to provide you with an offer that will be affordable.

Is this a cash loan that is payday?

Payday advances are generally extremely short term installment loans that are often paid on a single time you use, but must then typically be repaid within 2-3 weeks.

Although we provide an instantaneous choice on all loan requests and supply an eligibility choice within 60 moments, our company is maybe not a payday advances loan company.

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

Exactly how much could I borrow?

Influenced by the total amount you will need, Satsuma short term installment loans enable you to borrow between ?100 – ?1,000, at the mercy of affordability. It is possible to distribute the price over 3 to one year, in the place of the need to repay the entire quantity in one lump sum payment.

Will I need a credit check?

We just provide loans at the mercy of a credit check, however when assessing your eligibility, we additionally account for some other facets with regards to your finances that are personal circumstances.

This means a restricted credit rating or an unhealthy credit history won’t fundamentally suggest the application is rejected.

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

If you’re re re searching for an advance loan that small installment loans online is paid 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 distinction from an advance 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 short-term loan from Satsuma:

• Your repayments are obtained from your debit card automatically
• The complete procedure is carried away online – though we do have a passionate contact centre too should you want support
• No guarantor is necessary. We’ll never request you to find a person who will pay your loan if you can’t. The contract we make is between both you and ourselves
• Even while a brand new client, you are able to borrow as much as ?1,000, susceptible to affordability

Just how to use

To try to get a Satsuma short-term loan, fill out our online form and we’ll deal because of the entire procedure from beginning to end.

Typical questions about Cash Loans

What exactly is an advance loan meaning?

These kinds of loans usually are unsecured and are also 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 operator that is online initial application to final payment, this means we spend the cash straight into your bank account.

Can a cash is got by you loan by having a CCJ?

For those who have a County Court Judgement (CCJ), this can damage your credit rating and certainly will make getting credit very difficult. With Satsuma but, the job may nevertheless be considered, despite having a CCJ on your own credit report. Utilize our eligibility checker to obtain a sign if you’re likely to be accepted, this will not damage your credit history.

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

We might also think about your application if you should be unemployed, but you’ll need to demonstrate that you can meet up 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, having a legitimate british banking account and debit card.