Borrow ?100 – ?1,000, at the mercy of affordability
Representative 535%? APR.
Warning: Late payment may cause you severe cash issues. For assistance, visit moneyadviceservice.org.uk
What exactly are Short Term Installment Loans?
This contrasts along with other forms of borrowing, such as for example mortgages and auto loans, that are applied http://quickinstallmentloans.com/payday-loans-ky for for bigger quantities of cash which 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 consider more than simply your credit score when it comes to you for the temporary loan, meaning you could nevertheless be accepted despite having not as much as favourable credit.
Why choose Satsuma?
We could help if you’re looking for a short term loan but have limited access to credit from banks and other high street lenders. At Satsuma, you might borrow between ?100 and ?1,000 and repay over a length between 3 to one year if authorized.
We try not to charge charges for missed or payments that are late you simply repay that which you agree upfront. But, we nevertheless charge mortgage in the cash you borrow. It is additionally well well worth noting that Satsuma certainly are a high-interest lender, so please simply just simply take this into account before using for a loan with us.
Our application procedure may be completed online, and – subject to affordability checks – we are able to also provide you with a choice and also have the funds in your account on a single time.
No fees that are hidden
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Verify that you might be eligible
We are able to tell you whether you’re apt to be accepted for the term that is short, without making a tough impact in your credit report.
With Satsuma you will find down if you’re qualified before applying. Even although you have past reputation for bad credit, you’ll get an eligibility decision within one minute. You’re not obliged to simply simply take away financing and there won’t be a record from it on your own credit report.
Then your application will require a full credit check if you do decide to apply afterwards however.
To check on, fill this form out and we’ll give you an immediate decision, susceptible to affordability.
Check always before you use
Provide us with several details and you’ll find away 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 history unless you decide to use
Finish an application that is full
If you decide to use, we’ll then run the full credit check that will keep a mark in your credit history
Are Satsuma a lender that is direct?
Satsuma is a primary loan provider, this means we spend the agreed loan amount straight into your bank account, then manage it right until the payment that is final. But, we do on event usage agents too.
What’s the difference between short term installment loans and pay day loans?
Even though they could appear comparable, there are many differences when considering short term loans and loans that are payday.
Unlike payday advances, which needs to be paid back in a single swelling sum within 2-3 weeks of taking out fully the mortgage, repayments on a Satsuma term that is short could be built in regular or month-to-month instalments, during a period of between 3 to 12 months.
In the event that you skip a payment on a quick payday loan or move it over for one more thirty days, you will be charged one more cost or have increased interest added on to your instalments. You simply will not spend any extra charges on a Satsuma temporary loan, just what’s agreed upfront.
But, even as we pointed out earlier in the day, we’re a higher interest loan provider this means our rates of interest are much greater than old-fashioned high-street lenders. A thing that is highly recommended very carefully if you’re thinking about a Satsuma loan.
Can a term that is short be good for my credit score?
The theory is that, any loan you are taking away – a term that is short or otherwise – might have an impression on your own credit score. You manage your repayments whether it has a positive or negative impact depends upon how.
In the event that you spend your loan right back beneath the terms consented whenever you took it down, and also make all your valuable repayments on time, it will help to enhance your credit history. If, on the other hand, you will be late with re re payments or miss them entirely, this could damage your credit score.
When you have other personal lines of credit available, opt for exactly how they are handled. Then this will have a detrimental impact on your credit rating if payments are missed elsewhere.
Nevertheless, you will find exceptions to take into account: then having this on your credit history could potentially count against you if a particular company sees short term (or payday) loans negatively.