Online Cash Loans Alternative.What are cash loans?

Online Cash Loans Alternative.What are cash loans?

Borrow 100 – 1,000, at the mercy of affordability

Representative 535%​ APR.

belated payment could cause you serious cash issues. For assistance, head to

What exactly are money loans?

a loan is that loan where money is compensated right to the debtor With Satsuma but, we try not to provide money loans – instead, the sum is paid by us straight into your money when your application happens to be authorized.

Why choose Satsuma?

If you’re re re re searching for a loan on line, Satsuma may help. We offer online short term installment loans that could be paid back during a period of 3 to one year. If authorized, you are able to borrow between 100 – 1,000 through our online process.

We’re able to also offer you a determination and also have the funds in your bank account from the exact same time.

We don’t charge payment that is late or application fees, and that means you only pay off that which was agreed upfront.

In a few instances we do require three months of pay slips, this is certainly to make sure we could validate your revenue.

No fees that are hidden

Our reviews

Our clients speed us 4.68 out of 5.k, 2019 july

Take to our loan calculator

If you should be considering trying to get a brief term loan, it can help to sort out how much you can easily manage to borrow as well as on exactly what terms.

Aided by the Satsuma loan calculator, it is possible to select the amount you need to borrow, the size of the payment duration, and whether you want regular or monthly payments – helping you will find a remedy that actually works on the terms.

Make use of the sliders to consider the expenses and repayments for various loans over various durations to get the best solution for you personally.

Verify that you’re eligible

You should check to see unless you decide to apply afterwards if you’re eligible for a short term loan, without leaving any trace of a hard search on your credit file. Nonetheless, you’re not obliged to just just take a loan out in the event that you don’t need to do this.

If for example the application is accepted and also you need to continue, you’ll then need certainly to offer us more information so we can run a complete credit search before transferring the agreed quantity for your requirements.

To check on, fill down this form and we’ll give you an instantaneous decision in 60 seconds, susceptible to affordability.

In a few instances to help validate your earnings, we may additionally require a few months’ well well worth of pay slips.

Check always just before use

Provide us with a details that are few you will find call at 60 moments if you are apt to be accepted

Protect your credit rating

Irrespective of the total outcome, it will not impact your credit rating until you elect to use

Complete the full application

If you decide to use, we are going to then run the full credit check that will keep a mark in your credit report

Do Satsuma offer money loans for bad credit?

an advance loan for bad credit might be an alternative from some loan providers, nonetheless Satsuma try not to provide cash loans – our loans procedure is totally online.

Then we do look at more than just your credit score when assessing your application, which means we consider applicants who may have an adverse credit history if you are considering applying for our short term loan. Nonetheless, our loans are deposited as a bank-account, perhaps maybe not given out in cash.

You may find you’re turned away by some lenders if you have a poor credit score, or no credit history. At Satsuma, we also consider carefully your income that is annual and, alongside virtually any financial commitments you have. Nonetheless, 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 it a cash loan that is payday?

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

Just how much am I able to borrow?

Influenced by the quantity you may need, Satsuma short term installment loans enable you to borrow between 100 – 1,000, at the mercy of affordability. You can easily distribute the price over 3 to one year, in the place of the need to repay the whole quantity in one lump sum payment.

Will a credit is needed by me check?

We just provide loans susceptible to a credit check, nevertheless when evaluating your eligibility, we additionally account for some other facets relating to your finances that are personal circumstances.

Which means that a restricted credit rating or an undesirable credit history won’t fundamentally suggest your application is refused.

Some differences when considering money loans and a Satsuma temporary loan

If you’re searching for a 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. Here is the difference that is biggest between an advance loan and a Satsuma temporary loan.

Having a Satsuma short-term loan, afterward you repay the funds you borrow based on the routine you decide on during the outset (3-12 months). We gather your regular or payment that is monthly the debit card details you offered us through your application.

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

Simple tips to use

To use for a Satsuma term that is short, fill out our online application and we’ll deal aided by the entire process from beginning to end.

Typical questions about Cash Loans

what exactly is a advance loan meaning?

These kinds of loans are unsecured and therefore are paid in money because of the loan provider. Satsuma have become dissimilar to this, although our loans will also be unsecured, our company is an online operator from initial application to final payment, meaning we spend the cash straight into your bank account.

Can you can get a money loan by having 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 nevertheless, the job may nevertheless be considered, despite having a CCJ on your own credit report. Utilize our eligibility checker to have a sign if you’re likely to be accepted, this doesn’t harm your credit rating.

Can you receive a money loan whilst being unemployed?

We possibly may additionally 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, with A uk that is valid bank and debit card.