a advance loan for bad credit may be an alternative from some loan providers, nonetheless Satsuma usually do not provide money loans вЂ“ our loans process is completely online.
If you’re considering obtaining our temporary loan, then we do glance at more than simply your credit rating whenever evaluating the job, which means that we think about candidates and also require a bad credit score. Nonetheless, our loans are deposited as a bank-account, perhaps perhaps perhaps not paid in money.
You may find youвЂ™re turned away by some lenders if you have a poor credit score, or no credit history. At Satsuma, we also think about your income that is annual and, alongside any kind of economic commitments you may possibly have. Nevertheless, our loan rates of interest are greater than those charged by loan providers such as for instance high-street banking institutions.
Once you apply, we truly need you to definitely be since accurate as you are able to because of the details you provide us with, therefore we can utilize all of this information to provide you with an offer which can be affordable.
Is it a cash loan that is payday?
Payday advances are generally extremely short term installment loans that are given out for a passing fancy time you apply, but see this site must then typically be repaid 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 provide you with between 3 and one year to repay your loan.
Simply how much could I borrow?
Determined by the total amount you will need, Satsuma term that is short enable you to borrow between ВЈ100 – ВЈ1,000, at the mercy of affordability. You are able to distribute the fee over 3 to one year, as opposed to the need to repay the entire quantity in one swelling amount.
Will i want a credit check?
We only offer loans susceptible to a credit check, nevertheless when evaluating your eligibility, we also take into consideration some other facets with regards to your individual funds and circumstances.
Which means that a limited credit score or an undesirable credit history wonвЂ™t fundamentally suggest the application is refused.
Some differences between money loans and a Satsuma temporary loan
If youвЂ™re searching for a cash loan that is compensated and paid back by actually handing over cash, a Satsuma loan will never be the best solution for you personally вЂ“ we just provide short term installment loans, with payments made straight into your money. Here is the difference that is biggest from a loan and a Satsuma short term loan.
With a Satsuma term that is short, afterward you repay the cash you borrow in line with the routine you select during the outset (3-12 months). We gather your regular or payment that is monthly the debit card details you offered us throughout your application.
Some top features of a temporary loan from Satsuma:
- Your repayments are obtained from your debit card immediately
- The entire procedure is carried down online вЂ“ you need assistance though we do have a dedicated contact centre too should
- No guarantor is required. WeвЂ™ll never request you to find an individual who will pay your loan if you canвЂ™t. The contract we make is simply between both 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
Simple tips to use
To use for a Satsuma temporary loan, fill out our online application and weвЂ™ll deal using the entire process from beginning to end.
Typical questions about Cash Loans
what exactly is a advance loan meaning?
These kinds of loans usually are unsecured as they are given out in money by the loan provider. Satsuma are extremely dissimilar to this, although our loans may also be unsecured, we’re an online operator from initial application to last payment, which means that we spend the cash straight into your account.
Can you can get a money loan 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 nonetheless, the application may remain considered, despite having a CCJ on the credit history. Utilize our eligibility checker to obtain a sign if youвЂ™re likely to be accepted, this doesn’t harm your credit rating.
Can you obtain a money loan whilst being unemployed?
We might additionally think about your application if you should be unemployed, but you’ll need certainly to demonstrate that you can meet with the repayment schedule and pay off all you borrow, plus interest. Our minimum requirements are that borrowers are British residents aged 18 or higher, having a UK that is valid bank and debit card.