a advance loan for bad credit might be an alternative from some loan providers, nevertheless 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. Nevertheless, our loans are deposited in to a bank-account, maybe perhaps not given out in money.

When you have an unhealthy 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 income that is annual and, alongside just about any economic commitments you may possibly have. Nevertheless, our loan rates of interest are more than those charged by loan providers such as for example high-street banks.

Whenever you use, we want you to definitely be since accurate that you can because of the details you provide us with, so we can utilize all this work information to provide you with an offer that is affordable.

Is this a cash loan that is payday?

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

Although you can expect an instantaneous choice on all loan requests and supply an eligibility choice within one minute, we have been perhaps not a payday advances loan company .

At Satsuma, you are given by us between 3 and one year to settle your loan.

Just how much could I borrow?

Determined by the quantity you’ll need, Satsuma short term installment loans enable you to borrow between ВЈ100 – ВЈ1,000, at the mercy of affordability. You are able to distribute the fee over 3 to year, rather than having to repay the amount that is whole one swelling amount.

Will i want a credit check?

We just offer loans at the mercy of a credit check, nevertheless when evaluating your eligibility, we additionally consider some other facets relating to your individual funds and circumstances.

This means a credit that is limited or an undesirable credit history won’t always suggest the application is refused.

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

If you’re re re searching for a advance loan this is certainly paid 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. Here is the biggest distinction from a loan and a Satsuma short-term loan.

With a Satsuma term that is short, afterward you repay the funds you borrow in line with the routine you decide on in the outset (3-12 months). We gather your regular or payment from the debit card details you provided us through your application.

Some popular features of a temporary loan from Satsuma:

• Your repayments are obtained 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 is required. We’ll never request you to find a person who will pay your loan if you can’t. The agreement we make is simply between you and ourselves
• Even while a customer that is new you can borrow as much as ВЈ1,000, susceptible to affordability

How exactly to use

To try to get a Satsuma short term loan, fill out our online application and we’ll deal aided by the entire procedure from beginning to end.

Typical questions about Money Loans

what exactly is a loan meaning?

These kind of loans usually are unsecured consequently they are given out in cash 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, which means that we pay the amount of money straight into your account.

Can a cash is got by you loan 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 nevertheless, the application may be considered, despite having a CCJ on the credit report. Utilize our eligibility checker to have a sign 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 might additionally consider carefully your application if you should be unemployed, but you’ll need certainly to illustrate that you can meet up with the repayment schedule and pay off anything you borrow, plus interest. Our take a look at the web site here minimum requirements are that borrowers are British residents aged 18 or higher, having a valid British banking account and debit card.