Is it a payday advance loan? Will i want a credit check?
Pay day loans are usually extremely short term installment loans that are given out on a single time you apply, but must then typically be repaid within 2-3 weeks.
Although we provide an immediate choice on all applications and supply an eligibility choice within one minute, our company is maybe not a payday advances loan company .
At Satsuma, we offer you between 3 and one year to settle your loan.
Exactly how much may I borrow?
Influenced by the quantity you may need, Satsuma term that is short permit you to borrow between ВЈ100 – ВЈ1,000, at the mercy of affordability. You are able to distribute the price over 3 to one year, in place of the need to repay the amount that is whole one swelling amount.
We just provide loans at the mercy of a credit check, however when evaluating your eligibility, we additionally take into consideration various other facets relating to your individual funds and circumstances.
Which means that a credit that is limited or a bad credit history wonвЂ™t fundamentally suggest the job is refused.
Some differences when considering money loans and a Satsuma term loan that is short
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 for you personally вЂ“ we only offer short term installment loans, with payments made straight into your money. This is basically the difference that is biggest between a loan and a Satsuma temporary loan.
By having a Satsuma term that is short, afterward you repay the funds you borrow in line with the routine you select during the outset (3-12 months). We gather your regular or payment per month from the debit card details you provided us throughout your application.
Some options that come with a short-term loan from Satsuma:
Your repayments are obtained from your debit card automatically
Your whole process is carried away online вЂ“ you need assistance though we do have a dedicated contact centre too should
No guarantor becomes necessary. WeвЂ™ll never ask you to find somebody who pays your loan if you canвЂ™t. The contract we make is merely between you and ourselves
Even while a brand new consumer, it is possible to borrow as much as ВЈ1,000, at the mercy of affordability
Simple tips to use
To use for a Satsuma term that is short, fill out our online form and weвЂ™ll payday loans Oregon deal utilizing the entire procedure from beginning to end.
Typical questions about Money Loans
what exactly is a cash loan definition?
These kind of loans usually are unsecured and they are given out in cash by the loan provider. Satsuma are extremely dissimilar to this, although our loans may also be unsecured, our company is an operator that is online initial application to last payment, this means we pay the cash straight into your account.
Can a cash is got by you 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 in your credit report. Make use of our eligibility checker to obtain a sign if youвЂ™re likely to be accepted, this doesn’t damage your credit rating.
Can you obtain a money loan whilst being unemployed?
We possibly may additionally think about your application if you should be unemployed, but you’ll need to illustrate that you can meet up 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, with a legitimate british banking account and debit card.