Pay day loans An Alternative Solution. Borrow ВЈ100 – ВЈ1,000, at the mercy of affordability

Pay day loans An Alternative Solution. Borrow ВЈ100 – ВЈ1,000, at the mercy of affordability

Representative 535%​ APR.

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An online payday loan is a kind of short-term credit, given that title indicates, your debt using this types of loan is generally paid back in complete through the borrower’s next pay packet.

These types are provided by some lenders of payday advances, however with Satsuma we only offer short-term loans. Our clients can borrow as much as ВЈ1,000, at the mercy of affordability, and repay between 3 to 12 months, either in regular or month-to-month instalments.

This particular aspect differentiates a Satsuma loan from pay day loans.

Why choose Satsuma?

When making our alternative to payday advances, we desired to provide a versatile, short-term loan that permitted clients to decide on just how long they spent repaying their loan.

No concealed charges

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Take to our loan calculator

Before you submit an application for a Satsuma short-term loan, you might want to consider utilizing our loan calculator to obtain an awareness of precisely what your repayments would be. You can make use of the sliders to create the total amount you will need to borrow, whether you’d like to repay it with weekly or monthly payments over your chosen time period.

It sets you in charge since you is able to see exactly just what the repayments will be, replace the quantity or payment period around, and work down what’s the option that is best for your needs.

Our loan calculator shows precisely what you will repay

Check always just before use

Once you make an application for any credit, whether it’s an online payday loan or an alternative solution like a quick term loan offered at Satsuma, it’s going to keep a mark in your credit report. In the event that you don’t end up taking out that loan if you’ve been declined a loan as a result of a credit check, it may impact your credit rating – even. This will additionally affect the real method other businesses assess you for credit.

With Satsuma you can examine before you use. You an eligibility decision within 60 seconds if you are considering applying for one of our short-term loans, we’ll give. It won’t impact your credit rating until you decide to just just simply take out of the loan a while later.

You’re not obliged to just take a loan out with us after checking and there won’t be accurate documentation from it in your credit history. A complete application does nonetheless require a complete credit check.

We check your info

Its perhaps not a full application therefore we only require several details

Protect your credit history

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

Provide your outcome

You will discover away in 60 moments. We are going to have to look at your details if you opt to apply*

Could I make an application for a Satsuma loan on line?

Satsuma just provides loans that are short-term. Check always before you apply and when you’ve got completed a few details, we could offer you a preliminary choice in 60 moments. In the event that you then want to continue, this is susceptible to a complete affordability evaluation which include a credit check.

In a few circumstances we might need three months’ well worth of payslips, this will be to validate your revenue.

You will require a couple of details to hand before you use including:

  1. Your current email address
  2. Mobile quantity
  3. Details of where you have actually resided for the past three years
  4. Information on your revenue and outgoings
  5. Banking account information

In the event that you’ve lent from us before or you have actually a current loan with us, you’ll also require your loan agreement quantity.

Does Satsuma offer Bad Credit Payday Advances?

At Satsuma, we usually do not provide bad credit pay day loans as there’s no such thing. Whilst some might assume that an undesirable |credit that is poor} may result in pay day loans being the sole choice available, you will find alternatives available dependent on specific requirements and circumstances, such as for instance a quick term loan like Satsuma.

What exactly is a Guarantor Loan, and do Satsuma provide these?

No. Guarantor loans which need the debtor a party that is secondary repayment if the original applicant defaults at any point.

Satsuma don’t offer guarantor loans, one of many options that come with a Satsuma term that is short is it is a ‘no guarantor’ loan.

Also you may still be eligible for a Satsuma loan which doesn’t require a guarantor if you have had difficulties with credit in the past.

Can you receive that loan without having a credit check?

Within the UK, regulated lenders have to perform affordability and credit checks to be sure they’ve been lending to individuals whom are able it. Satsuma will consequently complete a credit check if you use for a Satsuma loan that is short-term.

Check always before you use without impacting your credit history