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

With Satsuma but, we usually do not provide cash loans – instead, we spend the amount straight into your money in case your application happens to be approved.

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.

Utilizing the Satsuma loan calculator, it is possible to select quantity you need to borrow, the size of the payment duration, and you find a solution that works on your terms whether you prefer weekly or monthly payments – helping.

Make use of the sliders to consider the expenses and repayments for various loans over various periods 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 use a short while later. Nevertheless, you aren’t obliged to simply take a loan out in the event that you don’t desire 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 help validate your earnings, we might additionally request three months’ well well worth of pay slips.

Check always before you use

Provide us with a couple of details and you will discover call at one minute if you are probably be accepted

Protect your credit rating

Regardless of the outcome, it’s not going to impact your credit history until you decide to use

Finish the full application

If you decide to use, we will then run a complete credit check that will keep a mark in your credit report

Do Satsuma offer money loans for bad credit?

An advance loan for bad credit might be a choice from some loan providers, but Satsuma usually do not offer 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 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 yearly earnings and outgoings, alongside just about any economic commitments you could have. Nevertheless, our loan rates of interest are more than those charged by loan providers such as for example high-street banking institutions.

Once you use, we truly need one to be because accurate as you are able to using the details you provide us with, therefore we can utilize all this work information to provide you with an offer which will be affordable.

Is this a cash loan that is payday?

Pay day loans are usually really short term installment loans that are often settled on a single time you use, but must then typically be reimbursed within a couple weeks.

We are not a payday cash loan provider although we offer an instant decision on all loan applications and provide an eligibility decision within 60 seconds.

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

Just how much may I borrow?

Determined by the total amount you’ll need, Satsuma term that is short permit you to borrow between ?100 – ?1,000, susceptible to affordability. It is possible to distribute the fee over 3 to one year, in place of having to repay the entire quantity in one swelling amount.

Will a credit is needed by me check?

We just provide loans susceptible to a credit check, however when evaluating your eligibility, we additionally account for various other facets relating to your individual funds and circumstances.

This means a limited credit score or an undesirable credit history won’t fundamentally suggest the job is refused.

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

If you’re re re searching for a advance loan that is paid and paid back by actually handing over cash, 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. Here is the biggest distinction between an advance loan and a Satsuma temporary loan.

With a Satsuma term that is short, afterward you repay the income you borrow based on the routine you select in the outset (3-12 months). We gather your regular or monthly payment from the debit card details you offered us through your application.

Some popular features of a temporary loan from Satsuma:

  • Your repayments are extracted from your debit card immediately
  • Your whole process is carried out online – though we do have a passionate contact centre too should you will need support
  • No guarantor is required. We’ll never request you to find somebody who pays your loan if you can’t. The contract we make is merely between you and ourselves
  • Even while a brand new consumer, you are able to borrow as much as ?1,000, at the mercy of affordability

Simple tips to use

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

Typical questions about Money Loans

What’s an advance loan meaning?

These kind of loans are unsecured and are also given out in money because of the loan provider. Satsuma are extremely different to this, although our loans may also be unsecured, we have been an online operator from initial application to last payment, which means that we spend the income straight into your account.

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

When you have a County Court Judgement (CCJ), this can damage your credit bad credit installment loans rating and certainly will make getting credit very difficult. With Satsuma but, the application may nevertheless be considered, despite having a CCJ on the credit history. Utilize 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 also consider 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, by having A uk that is valid bank and debit card.