Pay day loans 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 immediate choice on all loan requests and offer an eligibility choice within 60 moments, we have been maybe not a payday advances financial institution .
At Satsuma, you are given by us between 3 and 12 months to settle your loan.
Just how much may I borrow?
Influenced by the quantity you want, Satsuma term that is short enable you to borrow between ВЈ100 – ВЈ1,000, susceptible to affordability. You are able to distribute the price over 3 to 12 months, as opposed to the need to repay the amount that is whole one lump sum payment.
We just provide loans at the mercy of a credit check, nevertheless when evaluating your eligibility, we additionally account for many facets about your individual funds and circumstances.
Which means a credit that is limited or a bad credit history wonвЂ™t fundamentally suggest the job is refused.
If youвЂ™re re searching for a loan that is compensated and repaid by physically handing over money, a Satsuma loan will never be the proper solution we only provide short term loans, with payments made directly into your bank account for you. This is actually the biggest distinction between a advance loan and a Satsuma temporary loan.
With a Satsuma temporary loan, afterward you repay the cash you borrow based on the routine you select in the outset (3-12 months). We gather your regular or payment from the debit card details you provided us through your application.
How to use
To use for a Satsuma short-term loan, fill out our online application and weвЂ™ll deal using the whole procedure from beginning to end.
Typical questions about Money Loans
what’s a advance loan meaning?
These kinds of loans are often unsecured and are also settled in money by the loan provider. Satsuma are extremely dissimilar to this, although our loans will also be unsecured, we have been an online operator from initial application to last payment, which means that we spend the amount of money straight into your account.
Can you will get a money loan having a CCJ?
With Satsuma but, the application may remain considered, despite having a CCJ on your own credit history. Make use of our eligibility checker to obtain a sign if youвЂ™re likely to be accepted, this will not damage your credit rating.
Can a cash is got by you loan whilst being unemployed?
We possibly may additionally think about 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 valid british banking account and debit card.