Do Satsuma provide money loans for bad credit?

a loan for bad credit may be an alternative from some loan providers, nevertheless Satsuma never provide money loans – our loans procedure is totally online.

If you’re considering trying to get our temporary loan, then we do glance at more than simply your credit history whenever evaluating the job, which means that we think about candidates and also require a detrimental credit score. Nonetheless, our loans are deposited into a banking account, maybe perhaps not given out in money.

When you yourself have an undesirable credit rating, or no credit score, you might find you’re turned away by some loan providers. At Satsuma, we also think about your yearly earnings and outgoings, alongside virtually any monetary commitments you’ve probably. Nonetheless, our loan rates of interest are greater than those charged by loan providers such as for example high-street banking institutions.

Whenever you use, we want one to be because accurate that you can because of the details you provide us with, therefore we can utilize all this information to provide you with an offer which can be affordable.

Is this a payday cash loan?

Pay day loans are usually very short term loans that are often given out for a passing fancy 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 offer you between 3 and one year to settle your loan.

Simply how much may I borrow?

Influenced by the quantity you’ll need, Satsuma term that is short enable you to borrow between ВЈ100 – ВЈ1,000, at the mercy of affordability. You are able to spread the fee over 3 to year, as opposed to the need to repay the amount that is whole one lump sum payment.

Will a credit is needed by me check?

We just provide loans at the mercy of a credit check, but once assessing your eligibility, we additionally take into consideration some other facets relating to your finances that are personal circumstances.

This means a credit that is limited or an undesirable credit history won’t fundamentally suggest the job is refused.

Some differences when considering money loans and a Satsuma temporary loan

If you’re re searching for a loan that is compensated and paid back by physically handing over money, a Satsuma loan won’t be just the right solution for you personally – we only offer short term installment loans, with payments made straight into your money. This is basically the biggest distinction from a advance loan and a Satsuma temporary loan.

By having a Satsuma temporary loan, afterward you repay the cash 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 offered us through your application.

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

• Your repayments are obtained from your debit card immediately
• The complete procedure is carried away online – you need assistance though we do have a dedicated contact centre too should
• No guarantor becomes 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 brand new client, you are able to borrow as much as ВЈ1,000, susceptible to affordability

Just how to use

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

Typical questions about Money Loans

what exactly is an advance loan meaning?

These kind of loans are often unsecured and are also given out in money because of the lender. Satsuma have become dissimilar to this, although our loans are unsecured, our company is an online operator from initial application to last payment, this means we spend the cash straight into your bank account.

Can a cash is got by you loan with 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 be considered, despite having a CCJ on your own credit history. Utilize our eligibility checker to obtain a sign if you’re likely to be accepted advance payday loans online Pennsylvania, this doesn’t damage your credit score.

Can a cash is got by you loan whilst being unemployed?

We possibly may also 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 British residents aged 18 or higher, having a UK that is valid bank and debit card.