Is this a cash loan that is payday? Will i want a credit check?

Payday advances are generally extremely short term installment loans that are settled for a passing fancy time you use, but must then typically be paid back 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, you are given by us between 3 and year to settle your loan.

Simply how much could I borrow?

Influenced by the total amount you’ll need, Satsuma short term installment loans enable you to borrow between ВЈ100 – ВЈ1,000, at the mercy of affordability. You can easily distribute the price over 3 to one year, in place of the need to repay the amount that is whole one lump sum payment.

We just offer loans at the mercy of a credit check, but once evaluating your eligibility, we additionally account for some other facets about your individual funds and circumstances.

Which means a restricted credit rating or a bad credit score won’t always suggest the job is rejected.

Some differences when considering cash loans and a Satsuma temporary loan

If you’re re re searching for an advance loan this is certainly paid and paid back by actually handing over cash, a Satsuma loan will never be the best solution for you – we just offer short term installment loans, with payments made straight into your bank account. Here is the biggest huge difference between an advance loan and a Satsuma short-term loan.

Having a Satsuma term that is short, 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 throughout your application.

Some top features of a short-term loan from Satsuma:

• Your repayments are extracted from your debit card immediately
• The complete procedure is carried down online – though we do have a separate contact centre too should you will need support
• No guarantor will become necessary. We’ll never request you to find an individual 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 it is possible to borrow as much as ВЈ1,000, susceptible to affordability

Simple tips to apply

To utilize for a Satsuma temporary loan, fill out our online application and we’ll deal utilizing the entire process from beginning to end.

Typical questions about Money Loans

what exactly is a advance loan meaning?

These kinds of loans are often unsecured and generally are given out in money by the loan provider. Satsuma are particularly dissimilar to this, although our loans will also be unsecured, our company is an operator that is online initial application to last payment, meaning we spend the cash straight into your bank account.

Can a cash https://www.personalbadcreditloans.org/payday-loans-ut is got by you loan with a CCJ?

For those who have a County Court Judgement (CCJ), this can damage your credit history and certainly will make getting credit very difficult.

With Satsuma nevertheless, the application may nevertheless be considered, despite having a CCJ on your own credit history. Make use of our eligibility checker to have a sign if you’re likely to be accepted, this will not damage your credit history.

Can a cash is got by you 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 UK residents aged 18 or higher, having a legitimate uk banking account and debit card.