Payday advances. An alternative solution. Borrow ?100 – ?1,000, susceptible to affordability

Payday advances. An alternative solution. Borrow ?100 – ?1,000, susceptible to affordability

Representative 535per cent? APR.

A payday loan is a type of short-term credit, as the name recommends, the debt with this version of mortgage is generally paid back completely from borrower’s after that pay packet.

Some loan providers incorporate these kinds of pay day loans, but with Satsuma we best render short term debts. Our very own customers can borrow around ?1,000, subject to cost, and payback between 3 to 12 months, in a choice of weekly or month-to-month instalments. This particular feature differentiates a Satsuma loan from pay day loans.

Exactly why determine Satsuma?

When making our very own option to payday loans, we wanted to offer an adaptable, short-term financing that allowed consumers to decide on how much time they spent repaying their own mortgage.

No hidden costs

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Our people rate you 4.68 of 5., July 2019

Try all of our mortgage calculator

If your wanting to make an application for a Satsuma brief loan, you might want to consider utilizing our financing calculator to have knowledge of precisely what your repayments shall be. You need to use the sliders to create the total amount you’ll want to obtain, whether you would like to repay it with weekly or monthly installments over your own selected time.

It throws you in charge because you can easily see exactly what the repayments was, alter the levels or repayment duration around, and work out what’s the best option for you personally.

All of our loan calculator demonstrates just what actually youll repay

Search before you decide to incorporate

When you sign up for any credit, whether or not it’s a payday loan or an alternative solution like this short name financing offered by Satsuma, it will probably set a mark on the credit history. If you’ve been declined that loan resulting from a credit check, it might influence the credit score – even if you don’t end up taking out that mortgage. This could easily in addition affect the way other companies examine your for credit score rating.

With Satsuma you can check just before use. If you’re considering applying for one of the short term financial loans, we’ll present an eligibility decision within one minute. It will not influence your credit score until you choose to pull out the borrowed funds after ward.

You’re maybe not obliged to obtain financing with us after examining there won’t getting accurate documentation of it on the credit report. The full software does but require an entire credit assessment.

We look at your information

It isn’t a complete software therefore we only need a few details

Protect your credit score

Regardless of the effect, it won’t affect your credit rating if you don’t choose to apply

Present the outcome

You will discover in 60 seconds. We are going to need to look at your details if you decide to apply

May I make an application for a Satsuma loan online?

Satsuma only supplies short-term financing on line. Test before you decide to pertain and when you’ve got completed certain facts, we are able to provide a preliminary decision in a minute. Any time you next wish to go ahead, this is susceptible to a full affordability evaluation which include a credit check.

Occasionally we may call for 3 months’ really worth of payslips, this might be to verify your revenue.

You need some details at hand before you decide to incorporate such as:

  • The email
  • Phone numbers
  • Address contact information of the place you have stayed during the last 36 months
  • Details of your income and outgoings
  • Banking account details
  • Any time you’ve borrowed from all of us before or you have actually a preexisting mortgage around, you will additionally want the loan arrangement wide variety.

    Does Satsuma present Poor Credit Payday Loans?

    At Satsuma, we do not offering bad credit payday advance loan since there isn’t any these types of thing. Whilst some might believe that a poor credit rating can lead to pay day loans becoming the only real solution available, you will find options available according to specific specifications and circumstances, such as a short phrase mortgage like Satsuma.

    Something a Guarantor Loan, and carry out Satsuma offer these?

    No. Guarantor debts are those which need the debtor having a secondary celebration promise the loan repayment in the event that initial applicant defaults at any aim.

    Satsuma do not provide guarantor financial loans, one of many options that come with a Satsuma short-term financing is the fact that its a ‘no guarantor’ loan.

    Even if you had problems with credit score rating prior to now, you may still be eligible for a Satsuma mortgage which doesn’t require a guarantor.

    Could you bring a loan without a credit check?

    In UK, regulated loan providers need to carry out credit and value checks to make sure these are generally financing to people who can afford they. Satsuma will therefore finalize a credit find out if you make an application for a Satsuma short-term loan.

    See before you pertain without impacting their credit score

    Can I be accepted basically posses bad credit?

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