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

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

Payday advances are generally extremely short term installment loans that are given out for a passing fancy time you use, but must then typically be reimbursed 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 offer you between 3 and 12 months to settle your loan.

Exactly how much may I borrow?

Determined by the total amount you will need, Satsuma short term installment loans permit you to borrow between ВЈ100 – ВЈ1,000, susceptible to affordability. You can easily distribute the fee over 3 to one year, rather than having to repay the amount that is whole one lump sum payment.

We just provide loans at the mercy of a credit check, however when assessing your eligibility, we additionally account fully for various other facets about your personal funds and circumstances online payday loans Nebraska.

Which means that a credit that is limited or a bad credit history won’t fundamentally suggest the job is refused.

Some differences when considering money loans and a Satsuma short-term loan

If you’re re re searching for a advance loan that is compensated and paid back by actually handing over money, a Satsuma loan will never be just the right solution for you personally – we just offer short term installment loans, with payments made straight into your money. Here is the difference that is biggest between a loan and a Satsuma short-term loan.

By having a Satsuma term that is short, afterward you repay the funds you borrow based on the routine you select in the outset (3-12 months). We gather your regular or payment per month from the debit card details you offered us through your application.

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

  • Your repayments are taken from your debit card immediately
  • The complete procedure is carried down online – though we do have a separate contact centre too should you want support
  • No guarantor is required. We’ll never request you to find a person who will pay your loan if you can’t. The contract we make is merely between you and ourselves
  • Even while a brand new consumer, you’ll borrow as much as ВЈ1,000, susceptible to affordability

Just how to use

To use for a Satsuma term that is short, fill out our online application and we’ll deal utilizing the entire process from beginning to end.

Common questions about Cash Loans

what exactly is an advance loan meaning?

These kind of loans usually are unsecured consequently they are given out in money because of the lender. Satsuma are particularly dissimilar to this, although our loans may also be unsecured, our company is an operator that is online initial application to last payment, which means that we spend the funds straight into your bank account.

Can you can get a money loan by having a CCJ?

For those who have a County Court Judgement (CCJ), this may damage your credit rating and may make getting credit very difficult.

With Satsuma nevertheless, the application may nevertheless be considered, despite having a CCJ in your credit report. Make use of our eligibility checker to have a sign if you’re likely to be accepted, this doesn’t damage your credit rating.

Can you can get a money loan whilst being unemployed?

We possibly may also think about your application if you should be unemployed, but you’ll need certainly to demonstrate that you can meet with the payment schedule and pay off all you borrow, plus interest. Our minimal requirements are that borrowers are British residents aged 18 or higher, by having A uk that is valid bank and debit card.