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

With Satsuma but, we try not to provide money loans – instead, the sum is paid by us straight into your money in the event your application happens to be authorized.

Try our loan calculator

If you’re considering trying to get a quick term loan, it will help to work out how much you’ll afford to borrow as well as on exactly what terms.

Because of the Satsuma loan calculator, you’ll pick the quantity you intend to borrow, the length of the payment duration, and you find a solution that works on your terms whether you prefer weekly or monthly payments – helping.

Utilize the sliders to consider 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 take a loan out 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 test, fill this form out and we’ll give you an immediate decision in 60 seconds, at the mercy of affordability.

In certain instances to help validate your income, we may additionally request three months’ well well well worth quickinstallmentloans.com sign in of pay slips.

Check always just before use

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

Protect your credit rating

Irrespective of the outcome, it’s not going to influence 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?

A advance loan for bad credit might be a choice from some loan providers, nevertheless Satsuma try not to offer cash loans – our loans procedure is totally 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 right into a bank-account, maybe maybe not given out in money.

When you yourself have a bad credit history, or no credit rating, you will probably find you’re turned away by some loan providers. At Satsuma, we also consider carefully your yearly income and outgoings, alongside some other monetary commitments you may possibly have. But, our loan rates of interest are greater than those charged by loan providers 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 this a cash loan that is payday?

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

Although you can expect an immediate choice on all loan requests and offer an eligibility choice within 60 moments, we’re perhaps not a payday advances loan company.

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

Just how much could I borrow?

Influenced by the total amount you will need, Satsuma term that is short allow you to borrow between ?100 – ?1,000, at the mercy of affordability. You can easily distribute the price over 3 to one year, as opposed to the need to repay the amount that is whole one swelling amount.

Will a credit is needed by me check?

We just provide loans at the mercy of a credit check, nevertheless when evaluating your eligibility, we also account fully for various other factors relating to your individual finances and circumstances.

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

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

If you’re searching for a loan that is paid and paid back by actually handing over money, a Satsuma loan will never be the best solution we only provide short term loans, with payments made directly into your bank account for you. This is actually the difference that is biggest from a loan and a Satsuma short-term loan.

With a Satsuma term that is 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 provided us throughout your application.

Some attributes of a temporary 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 is required. We’ll never request you to find somebody who will pay your loan if you can’t. The agreement we make is merely between both you and ourselves
  • Even while a brand new client, you are able to borrow as much as ?1,000, susceptible to affordability

How exactly to use

To use for a Satsuma term that is short, fill out our online application form and we’ll deal aided by the entire procedure from beginning to end.

Typical questions about Money Loans

What’s a loan meaning?

These kind of loans are often unsecured and they are given out in money by the loan provider. Satsuma are extremely dissimilar to this, although our loans may also be unsecured, our company is an online operator from initial application to last payment, which means that we spend the funds straight into your 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 may make getting credit very difficult. With Satsuma nonetheless, the job may nevertheless be considered, despite having a CCJ in your credit history. Make use of our eligibility checker to have an indication 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 if you should be unemployed, but you’ll need certainly to demonstrate that you can meet 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 uk that is valid bank and debit card.