an advance loan for bad credit may be an alternative from some loan providers, nonetheless Satsuma usually do not provide money loans – our loans procedure is completely online.
If you’re considering obtaining our short-term loan, then we do examine more than simply your credit rating whenever evaluating the job, which means that we give consideration to candidates and also require a bad credit rating. Nonetheless, our loans are deposited right into a bank-account, perhaps maybe perhaps not paid in money.
When you have a poor credit history, or no credit score, 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 some other economic commitments you could have. But, our loan interest levels are greater than those charged by loan providers such as for instance high-street banking institutions.
We need you to be as accurate as possible with the details you give us, so we can use all this information to give you an offer which is affordable when you apply.
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 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 supply between 3 and one year to settle your loan.
Simply Read More Here how much am I able to borrow?
Determined by the quantity you may need, Satsuma short term installment loans enable you to borrow between ВЈ100 – ВЈ1,000, susceptible to affordability. It is possible to distribute the fee over 3 to one year, as opposed to having to repay the amount that is whole one lump sum.
Will I need a credit check?
We just offer loans at the mercy of a credit check, however when evaluating your eligibility, we additionally account for various other facets with regards to your finances that are personal circumstances.
This means that a restricted credit rating or an undesirable credit history won’t fundamentally suggest the job 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 this is certainly compensated and paid back by actually handing over money, a Satsuma loan will never be the proper solution for you personally – we just offer short term installment loans, with payments made directly into your money. This is basically the biggest distinction between a loan and a Satsuma short-term loan.
Having a Satsuma term that is short, afterward you repay the income you borrow in line with the routine you decide on in the outset (3-12 months). We gather your regular or payment that is monthly the debit card details you gave us throughout your application.
Some options that come with a term that is short from Satsuma:
- Your repayments are extracted from your debit card immediately
- The complete process is carried down online – you need assistance though we do have a dedicated contact centre too should
- No guarantor becomes necessary. We’ll never request you to find an individual who pays your loan if you can’t. The contract we make is merely between you and ourselves
- Even while a customer that is new you can easily borrow as much as ВЈ1,000, susceptible to affordability
Simple tips to use
To apply for a Satsuma term that is short, fill out our online application and we’ll deal utilizing the entire procedure from start to finish.
Typical questions about Money Loans
what exactly is a loan meaning?
These kinds of loans are often unsecured and tend to be given out in money by the loan provider. Satsuma are particularly dissimilar to this, although our loans will also be unsecured, our company is an online operator from initial application to last payment, meaning we spend the income straight into your bank account.
Can you will get a money loan by having a CCJ?
When you yourself have a County Court Judgement (CCJ), this can damage your credit rating and that can make getting credit quite difficult. With Satsuma but, the job 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 you will get a money loan whilst being unemployed?
We possibly may additionally consider carefully your application if you should be unemployed, but you’ll 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 over, with a legitimate British banking account and debit card.