Pay day loans are usually extremely short term installment loans that are often paid for a passing fancy time you apply, but must then typically be repaid within 2-3 weeks.
Although we provide an immediate choice on all loan requests and supply an eligibility choice within 60 moments, we have been perhaps not a payday advances loan company .
At Satsuma, we offer you between 3 and year to settle your loan.
Exactly how much could I borrow?
Determined by the quantity you want, Satsuma short term installment loans allow you to borrow between ВЈ100 – ВЈ1,000, subject to affordability. It is possible to distribute the fee over 3 to year, in place of having to repay the entire quantity in one lump amount.
We just provide loans at the mercy of a credit check, but once evaluating your eligibility, we additionally take into consideration some other factors with regards to your individual funds and circumstances.
Which means a credit that is limited or a bad credit score won’t fundamentally suggest the application is refused.
Some differences when considering cash loans and a Satsuma temporary loan
If you’re re re searching for a advance loan that is compensated and paid back by physically handing over money, a Satsuma loan will never be the proper solution for you personally – we just offer short term loans, with payments made straight into your money. This is the biggest huge difference from a loan and a Satsuma temporary loan.
Having a Satsuma term that is short, afterward you repay the funds you borrow based on the routine you select during the outset (3-12 months). We gather your regular or payment that is monthly the debit card details you offered us through your application.
Some options that come with a short-term loan from Satsuma:
- Your repayments are extracted from your debit card automatically
- The complete procedure is carried down online – you need assistance though we do have a dedicated contact centre too should
- No guarantor becomes necessary. We’ll never request you to find an individual who will pay your loan if you can’t. The contract we make is merely between you and ourselves
- Even while a Wakefield services payday loan customer that is new it is possible to borrow as much as ВЈ1,000, at the mercy of affordability
Just how to use
To utilize for a Satsuma term that is short, fill out our online application and we’ll deal with all the entire procedure from beginning to end.
Typical questions about Money Loans
what exactly is a advance loan definition?
These kinds of loans are often unsecured and are usually settled in money by the loan provider. Satsuma have become dissimilar to this, although our loans will also be unsecured, our company is an online operator from initial application to last payment, this means we spend the cash straight into your account.
Can you will get a money loan by having a CCJ?
This will harm your credit score and can make getting credit quite difficult if you have a County Court Judgement (CCJ.
With Satsuma but, the job may nevertheless be considered, despite having a CCJ on your own credit report. Utilize our eligibility checker getting a sign if you’re likely to be accepted, this doesn’t damage your credit rating.
Can you can get a money loan whilst being unemployed?
We possibly may additionally consider carefully 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, with A uk that is valid bank and debit card.