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


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

Payday advances are generally really short term installment loans that are given out for a passing fancy time 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 year to settle your loan.

Just how much am I able to borrow?

Determined by the total amount you need, Satsuma short term installment loans permit you to borrow between ВЈ100 – ВЈ1,000, at the mercy of affordability. You can easily distribute the fee over 3 to one year, in place of the need to repay the amount that is whole one swelling sum.

We just provide loans susceptible to a credit check, however when assessing your eligibility, we additionally account for some other facets with regards to your individual funds and circumstances.

Which means a restricted credit score or an undesirable credit history won’t fundamentally suggest the job is refused.

Some differences when considering cash loans and a Satsuma term loan that is short

If you’re re re searching for a advance loan this is certainly compensated and repaid by physically handing over cash, a Satsuma loan will never be just the right 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 an advance loan and a Satsuma short-term loan.

Having a Satsuma short-term loan, afterward you repay the amount of money you borrow in accordance 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 provided us through your application.

Some attributes of a term that is short from Satsuma:

  • Your repayments are obtained from your debit card automatically
  • Your whole procedure is carried away online – you need assistance though we do have a dedicated contact centre too should
  • No guarantor will become necessary. We’ll never request you to find a person who will pay your loan if you can’t. The contract we make is simply between both you and ourselves
  • Even while a customer that is new you can easily borrow as much as ВЈ1,000, susceptible to affordability

Simple tips to use

To try to get a Satsuma term that is short, fill out our online form and we’ll deal using the entire process from beginning to end.

Typical questions about Money Loans

what’s a loan definition?

These kinds of loans usually are unsecured and they are given out in money because of the loan provider. Satsuma have become dissimilar to this, although our loans may also be unsecured, our company is an operator that is online initial application to final payment, which means that we spend the funds straight into your bank 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 but, the job may remain considered, despite having a CCJ on the credit history. Utilize our eligibility checker to obtain 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 if you are unemployed, however you will need to illustrate that you can meet up with the payment schedule and pay off anything you borrow, plus interest. Our minimal requirements are that borrowers are British residents aged 18 or higher, having a legitimate british bank account and debit card.