Is this a payday advance loan? Will i want a credit check?

Pay day loans are usually extremely short term installment loans that are often paid out on a single time you use, but must then typically be reimbursed within 2-3 weeks.

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

At Satsuma, we provide you with between 3 and year to settle your loan.

Exactly how much am I able to borrow?

Determined by the quantity you may need, Satsuma short term installment loans permit you to borrow between ВЈ100 – ВЈ1,000, at the mercy of affordability. You are able to spread the price over 3 to one year, as opposed to the need to repay the amount that is whole one swelling amount.

We just provide loans susceptible to a credit check, nevertheless when evaluating your eligibility, we also account fully for various other facets about your finances that are personal circumstances.

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

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

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

By having a Satsuma short-term loan, afterward you repay the amount of money you borrow in accordance with the routine you select during the outset (3-12 months). We gather your regular or payment that is monthly the debit card details you provided us through your application.

Some popular features of a term that is short from Satsuma:

  • Your repayments are obtained from your debit card immediately
  • The complete procedure is carried away 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 contract we make is simply between 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 short-term 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 an advance loan meaning?

These kinds of loans usually are unsecured and they are given out in money by the loan provider. Satsuma are particularly dissimilar to this, although our loans may also be unsecured, our company is an operator that is online initial application to last payment, which means that we spend the funds straight into your account.

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

When you yourself have a County Court Judgement (CCJ), this may damage your credit rating and payday loans Alaska may make getting credit very difficult.

With Satsuma but, the application may nevertheless be considered, despite having a CCJ in your credit report. Make use of our eligibility checker to have a sign if you’re likely to be accepted, this doesn’t damage your credit rating.

Can you will get a money loan whilst being unemployed?

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