With Satsuma nonetheless, we usually do not provide cash loans – instead, we spend the amount straight into your money in case your application is approved.

Take to our loan calculator

It helps to work out exactly how much you can afford to borrow and on what terms if you are considering applying for a short term loan.

With all the Satsuma loan calculator, you are able to select the quantity you intend to borrow, the size of the payment duration, and whether you like regular or monthly payments – helping you discover a remedy that works well on your own terms.

Make use of the sliders to check out the expense and repayments for various loans over various durations to obtain the solution that is best for your needs.

Verify that you’re eligible

You can examine to see if you’re entitled to a quick term loan, without making any trace of a difficult search on your own credit report unless you choose to use a short while later. But, you’re not obliged to just simply just take away financing in the event that you don’t desire to achieve this.

Then need to give us some more information so we can run a full credit search before transferring the agreed amount to your account if your application is accepted and you wish to proceed, you’ll.

To check on, fill down this form and we’ll give you an immediate decision in 60 seconds, susceptible to affordability.

In certain instances to help validate your earnings, we might additionally request three months’ worth of pay slips.

Check always just before apply

Provide us with a couple of details and you will find away in one minute if you should be probably be accepted

Protect your credit rating

Regardless of the outcome, it’s not going to impact your credit rating until you elect to use

Finish a full application

If you opt to use, we will then run a complete credit check that will keep a mark on the credit history

Do Satsuma provide money loans for bad credit?

A advance loan for bad credit may be a choice from some loan providers, nevertheless Satsuma usually do not provide money loans – our loans procedure is completely online.

If you should be considering trying to get our temporary loan, then we do examine more than simply your credit history whenever evaluating the application, which means that we start thinking about applicants and also require a detrimental credit rating. But, our loans are deposited in to a banking account, perhaps maybe not given out 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 annual earnings and outgoings, alongside virtually any monetary commitments you have. Nonetheless, our loan rates of interest are more than those charged by lenders such as for instance high-street banking institutions.

Once you use, we want you to definitely be because accurate as you are able to with all the details you provide us with, therefore we can utilize all of this information to offer an offer which can be affordable.

Is it a payday advance loan?

Payday advances are usually really short term installment loans that are often given out for a passing fancy time you apply, but must then typically be reimbursed within 2-3 weeks.

Although you can expect an immediate choice on all loan requests and offer an eligibility decision within 60 moments, we have been perhaps not a payday advances loan company.

At Satsuma, we offer you between 3 and one year to settle your loan.

Just how much may I borrow?

Determined by installment loans for bad credit the total amount you will need, Satsuma short term installment loans permit you to borrow between ?100 – ?1,000, susceptible to affordability. It is possible to distribute the price over 3 to one year, in place of the need 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 take into consideration some other facets with regards to your finances that are personal circumstances.

Which means that a credit that is limited or a bad credit history won’t fundamentally mean the application is refused.

Some differences when considering money loans and a Satsuma temporary loan

If you’re re searching for a cash loan this is certainly compensated and paid back by actually handing over money, a Satsuma loan won’t be the proper solution we only provide short term loans, with payments made directly into your bank account for you. This is actually the difference that is biggest from a advance loan and a Satsuma temporary loan.

Having a Satsuma term that is short, afterward you repay the cash you borrow based on the routine you choose in the outset (3-12 months). We gather your regular or monthly payment from the debit card details you provided us through your application.

Some options that come with a short-term loan from Satsuma:

• Your repayments are extracted from your debit card immediately
• The complete procedure is carried away online – though we do have a passionate contact centre too should you will need assistance
• No guarantor is required. We’ll never request you to find a person who will pay your loan if you can’t. The contract we make is merely between you and ourselves
• Even while a brand new client, it is possible to borrow as much as ?1,000, susceptible to affordability

How exactly to use

To use for a Satsuma temporary loan, fill out our online form and we’ll deal because of the entire process from beginning to end.

Typical questions about Money Loans

What exactly is a loan definition?

These kind of loans are often unsecured and are also given out in money because of the lender. Satsuma are particularly dissimilar to this, although our loans are 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 receive 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 nonetheless, the job may nevertheless be considered, despite having a CCJ in your credit history. Utilize our eligibility checker to have a sign if you’re likely to be accepted, this will not damage your credit rating.

Can a cash is got by you loan whilst being unemployed?

We might additionally consider 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 UK residents aged 18 or higher, by having A uk that is valid bank and debit card.