Payday advances are usually extremely short term installment loans that are https://personalbadcreditloans.org/payday-loans-ma/ often settled on a single time you use, but must then typically be reimbursed within a couple weeks.
We are not a payday cash loan provider although we offer an instant decision on all loan applications and provide an eligibility decision within 60 seconds .
At Satsuma, we offer you between 3 and one year to settle your loan.
Simply how much can I borrow?
Determined by the total amount you may 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 the need to repay the amount that is whole one lump amount.
We just provide loans at the mercy of a credit check, nevertheless when evaluating your eligibility, we additionally account fully for many facets relating to your finances that are personal circumstances.
Which means that a restricted credit score or a bad credit history wonвЂ™t necessarily mean the job is refused.
Some differences when considering money loans and a Satsuma short-term loan
If youвЂ™re re re searching for an advance loan that is compensated and paid back by actually 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 basically the biggest distinction between a advance loan and a Satsuma temporary loan.
Having a Satsuma term that is short, 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 weekly or payment that is monthly the debit card details you provided us throughout your application.
Some attributes of a term that is short from Satsuma:
- Your repayments are taken from your debit card automatically
- The complete procedure is carried down online вЂ“ you need assistance though we do have a dedicated contact centre too should
- No guarantor will become necessary. WeвЂ™ll never request you to find somebody who will pay your loan if you canвЂ™t. The contract we make is simply between both you and ourselves
- Even while a brand new client, you are able to borrow as much as ВЈ1,000, susceptible to affordability
Just how to use
To utilize for a Satsuma term that is short, fill in our online application and weвЂ™ll deal using the entire procedure from beginning to end.
Typical questions about Cash Loans
what exactly is an advance loan meaning?
These kind 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, meaning we spend the amount of money straight into your bank account.
Can you receive a money loan with 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 application may remain considered, despite having a CCJ on the 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 history.
Can you obtain a cash loan whilst being unemployed?
We might additionally consider carefully your application if you should be unemployed, but you’ll need certainly to demonstrate that you can meet with the payment schedule and pay off all you borrow, plus interest. Our minimal requirements are that borrowers are British residents aged 18 or higher, having a legitimate british banking account and debit card.