Borrow ВЈ100 – ВЈ1,000, susceptible to affordability
Representative 535%​ APR.
Warning: belated payment may cause you severe cash issues. For assistance, visit moneyadviceservice.org.uk
Exactly what are Short Term Installment Loans?
This contrasts along with other forms of borrowing, such as for instance mortgages and car and truck loans, that are applied for for bigger levels of cash you typically repay over a long period.
You may find you have limited access to loans from some high street lenders or banks if you have a less than perfect credit history. With Satsuma, we glance at more than simply your credit score when it comes to you for a term that is short, meaning you could nevertheless be accepted despite having significantly less than favourable credit.
Why choose Satsuma?
If you’re selecting a brief term loan but have restricted access to credit from banking institutions as well as other high-street loan providers, we’re able to assist. At Satsuma, you can borrow between ВЈ100 and ВЈ1,000 and repay over a length between 3 to one year if authorized.
We don’t charge charges for missed or payments that are late you simply pay off that which you agree upfront. Nevertheless, we nevertheless charge mortgage loan in the cash you borrow. It is additionally well worth noting that Satsuma are a lender that is high-interest so please just take this into account before using for a loan with us.
No concealed charges
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Our clients speed us 4.68 out of 5. Reviews.co.uk, July 2019
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Verify that you might be qualified
We could tell you whether you’re apt to be accepted for a short term loan, without making a difficult impact on your own credit history.
With Satsuma you will find away if you’re qualified before applying. Even though you have actually a history of bad credit, you’ll get an eligibility choice within one minute. You’re not obliged to just take a loan out and there won’t be an archive from it on your own credit history.
When you do opt to use afterward but, in that case your application will require a complete credit check.
To test, fill this form out and we’ll give you an instantaneous decision, at the mercy of affordability.
Check just before use
Provide us with a few details and you’ll find down in one minute if you’re probably be accepted
Protect your credit rating
Irrespective of the outcome, it’s not going to influence your credit rating until you decide to use
Complete a full application
Then run a full credit check which will leave a mark on your credit file if you choose to apply, we’ll
Are Satsuma a direct loan provider?
Satsuma is a primary loan provider , meaning we spend the agreed loan amount straight into your account, then manage it right until the final payment. But, we do on event usage agents too.
What’s the difference between Short Term Loans and pay day loans?
Even though they can seem comparable, there are many differences when considering short term installment loans and loans that are payday.
Unlike payday advances, which should be paid back within one swelling amount within a couple weeks of taking right out the mortgage, repayments on a Satsuma term that is short may be produced in regular or month-to-month instalments, over a period of between 3 to one year.
It over for an additional month, you can be charged an additional fee or have increased interest added on to your payments if you miss a repayment on a payday loan or roll. You won’t pay any extra costs on a Satsuma term that is short, just what’s agreed upfront.
Nonetheless, we are a high interest lender which means our rates of interest are much higher than traditional high street lenders as we mentioned earlier. A thing that is highly recommended very carefully if you’re thinking about a Satsuma loan.
Can a Short Term Loan be good for my credit history?
The theory is that, any loan you are taking away – a term that is short or otherwise – might have an impression on the credit history. You manage your repayments whether it has a positive or negative impact depends upon how.
You took it out, and make all your repayments on time, this can help to improve your credit rating if you pay your loan back under the terms agreed when. If, having said that, you might be belated with repayments or miss them entirely, this may damage your credit history.
You should also consider how these are managed if you have other lines of credit open. Then this will have a detrimental impact on your credit rating if payments are missed elsewhere.
But, you can find exceptions to take into account: if a certain company views short-term (or payday) loans adversely, then having this in your credit score may potentially count against you.
Does Satsuma think about applicants with bad credit?
At Satsuma, we glance at more than simply your credit history whenever evaluating the application.
When you have an unhealthy credit rating or no credit rating, you will probably find you’re turned away by some loan providers. At Satsuma, we also consider carefully your yearly incomings and outgoings, alongside every other economic Florida loan payday commitments you’ve probably.
We need you to be as accurate as possible with the details you give us, so we can use all this information to give you an instant decision and offer an amount that you can reasonably repay when you apply.