Is this a cash loan that is payday? Will i want a credit check?

Payday advances are generally really short term loans that are often given out for a passing fancy time you use, but must then typically be paid back within a couple weeks.

Although you can expect an immediate choice on all loan requests and offer an eligibility choice within 60 moments, our company is perhaps not a payday advances financial institution .

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

Exactly how much could I borrow?

Determined by the quantity you’ll need, Satsuma short term installment loans permit you to borrow between ВЈ100 – ВЈ1,000, at the mercy of affordability. You’ll distribute the price over 3 to one year, as opposed to having to repay the entire quantity in one lump sum payment.

We only provide loans susceptible to a credit check, but once evaluating your eligibility, we additionally take into consideration various other facets relating to your finances that are personal circumstances.

Which means that a credit that is limited or an unhealthy credit history won’t fundamentally suggest the application is refused.

Some differences between money loans and a Satsuma term loan that is short

If you’re searching for an advance loan this is certainly compensated and paid back by actually handing over money, a Satsuma loan will never be the best solution for you personally – we just offer short term installment loans, with payments made directly into your money. Here is the biggest distinction from a loan and a Satsuma temporary loan.

By having a Satsuma temporary loan, afterward you repay the amount of money you borrow in line with the routine you decide on during the outset (3-12 months). We gather your regular or payment per month from the debit card details you offered us through your application.

Some popular features of a short-term loan from Satsuma:

  • Your repayments are obtained from your debit card immediately
  • Your whole 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 an individual who will pay your loan if you can’t. The contract we make is simply between both you and ourselves
  • Even while a brand new customer, you are able to 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 form and we’ll deal using the entire procedure from beginning to end.

Typical questions about Money Loans

what exactly is an advance loan meaning?

These kind of loans usually are unsecured and are usually given out in money because of the loan provider. Satsuma are extremely 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 spend the cash straight into your bank account.

Can a cash is got by you loan with a CCJ?

For those who have a County Court Judgement (CCJ), this can damage your credit rating and will make getting credit very difficult.

With Satsuma nevertheless, the job may remain considered, despite having a CCJ in your credit history. Utilize our eligibility checker to obtain a sign if you’re likely to be accepted, this will not damage your credit rating.

Can you receive a money loan whilst being unemployed?

We might additionally consider carefully your application if you should be unemployed, however you will need to demonstrate that you can meet up with the payment schedule and pay off anything you borrow, plus interest. Our minimal requirements are that borrowers are British residents aged 18 or higher, having a legitimate uk banking account and debit card.

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