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

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

Take to our loan calculator

If you should be considering trying to get a quick term loan, it can help to sort out exactly how much you are able to manage 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 whether you want regular or monthly payments – helping you discover an answer that works in your terms.

Make use of the sliders to consider the expense 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. But, you aren’t obliged to simply just simply take a loan out in the event that you don’t want to do this.

In the event your application is accepted and also you need to continue, you’ll then need to offer us a few more information therefore we can run a complete credit search before transferring the agreed quantity for your requirements.

To check on, fill away this form and we’ll give you an immediate decision in 60 seconds, at the mercy of affordability.

In a few instances to help expand validate your earnings, we might also require three months’ well well worth of pay slips.

Check always before you apply

Give us a details that are few you will find call at one minute if you are probably be accepted

Protect your credit history

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

Finish an application that is full

Then run a full credit installment loans for bad credit check which will leave a mark on your credit file if you choose to apply, we’ll

Do Satsuma provide cash 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. But, our loans are deposited as a bank-account, maybe not settled 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 other monetary commitments you could have. Nevertheless, our loan rates of interest are more 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 payday advance loan?

Pay day loans are generally extremely short term loans that are often paid for a passing fancy time you use, but must then typically be repaid within 2-3 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.

Exactly how much could I borrow?

Determined by the quantity you’ll need, Satsuma term that is short permit you to borrow between ?100 – ?1,000, susceptible to affordability. You can easily distribute the fee over 3 to one year, as opposed to having to repay the amount that is whole one lump sum payment.

Will i want a credit check?

We just provide loans susceptible to a credit check, but once evaluating your eligibility, we additionally account for other facets about your finances that are personal circumstances.

Which means a restricted credit score or an undesirable credit history won’t always suggest the application is refused.

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

If you’re re searching for an advance loan that is compensated and paid back by actually handing over money, a Satsuma loan won’t be the best solution for you personally – we just offer short term installment loans, with payments made straight into your money. This is actually the difference that is biggest between a cash loan and a Satsuma short-term loan.

With a Satsuma term that is short, afterward you repay the funds you borrow in accordance with the routine you select during the outset (3-12 months). We collect your regular or payment that is monthly the debit card details you provided us throughout your application.

Some top features of a term that is short from Satsuma:

  • Your repayments are obtained from your debit card immediately
  • The entire procedure is carried away online – though we do have a passionate contact centre too should you want help
  • No guarantor will become necessary. We’ll never request you to find somebody who will pay your loan if you can’t. The contract we make is simply between you and ourselves
  • Even while a brand new client, you can borrow as much as ?1,000, at the mercy of affordability

How exactly to use

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

Common questions about Money Loans

What exactly is a advance loan meaning?

These kind of loans usually are unsecured and therefore are given out in money by the loan provider. Satsuma are dissimilar to this, although our loans may also be unsecured, our company is an operator that is online initial application to last repayment, this means we spend the funds straight into your bank account.

Can you receive a money loan having a CCJ?

When you have a County Court Judgement (CCJ), this can damage your credit rating and that can make getting credit very difficult. With Satsuma but, the job may be considered, despite having a CCJ on the credit history. Use our eligibility checker to obtain a sign if you’re likely to be accepted, this doesn’t harm your credit history.

Can you obtain a money loan whilst being unemployed?

We possibly may additionally consider carefully your application if you should be unemployed, however you will need to demonstrate that you can meet with the payment schedule and pay off anything you borrow, plus interest. Our minimal requirements are that borrowers are British residents aged 18 or higher, with a legitimate british bank account and debit card.