Is it a payday advance loan? Will a credit is needed by me check?


Is it a payday advance loan? Will a credit is needed by me check?

Pay day loans are generally extremely short term installment loans that are paid out on a single time you use, but must then typically be repaid 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 provide you with between 3 and 12 months to settle your loan.

Simply how much could I borrow?

Determined by the quantity you’ll need, Satsuma term that is short enable you to borrow between ВЈ100 – ВЈ1,000, susceptible to affordability. You are able to distribute the fee over 3 to year, rather than having to repay the amount that is whole one lump sum payment.

We only provide loans susceptible to a credit check, nevertheless when evaluating your eligibility, we additionally take into consideration various other facets with regards to your individual funds and circumstances.

This means a restricted credit score 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 searching for a advance loan this is certainly compensated and paid back by actually handing over money, a Satsuma loan will never be the best solution we only provide short term loans, with payments made directly into your bank account for you. This is actually the difference that is biggest between a loan and a Satsuma temporary loan.

With a Satsuma term that is short, afterward you repay the funds you borrow in line with the routine you decide on during the outset (3-12 months). We gather your weekly or payment per month from the debit card details you provided us through your application.

Some attributes of a term that is short from Satsuma:

  • Your repayments are extracted from your debit card immediately
  • Your whole procedure is carried down online – you need assistance though we do have a dedicated contact centre too should
  • No guarantor is 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 it is possible to borrow as much as ВЈ1,000, at the mercy of affordability

How exactly to apply

To use for a Satsuma short-term loan, fill out our online application and we’ll deal because of the entire procedure from beginning to end.

Typical questions about Cash Loans

What is a advance loan meaning?

These kind of loans are often unsecured as they are given out in money by the loan provider. Satsuma have become dissimilar to this, although our loans will also be unsecured, we’re an online operator from initial application to last payment, this means we spend the funds straight into your 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, even with 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 a cash is got by you loan whilst being unemployed?

We might additionally think about 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 UK residents aged 18 or higher, with A uk that is valid bank and debit card.

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