Borrow ВЈ100 – ВЈ1,000, at the mercy of affordability

Representative 535%​ APR.

Warning: belated payment may cause you severe money issues. For assistance, head to moneyadviceservice.org.uk

What exactly are Short Term Installment Loans?

Short term installment loans are an approach to borrow a quantity of cash and repay it in a space that is short of. This contrasts along with other kinds of borrowing, such as for instance mortgages and auto loans, that are removed for bigger levels of cash which you typically pay off over many years.

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 rating when it comes to you for the short-term loan, meaning you could nevertheless be accepted despite having significantly less than 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 12 months if authorized.

We try not to charge costs for missed or payments that are late you simply pay off everything you agree upfront. But, we nevertheless charge mortgage loan regarding the cash you borrow. It is additionally well well worth noting that Satsuma are really a high-interest loan provider, so please just take this under consideration before using for a financial loan with us.

Take to our loan calculator

We could inform you whether you’re probably be accepted for best online installment loans in Virginia a short-term loan, without making a difficult impact on the credit history.

With Satsuma you will find down if you’re eligible before using. Even although you have past reputation for bad credit, you’ll get an eligibility decision within 60 moments. You aren’t obliged to just take down that loan and there won’t be accurate documentation from it in your credit report.

When you do opt to use a short while later nevertheless, in that case your application will demand a complete credit check.

To check on, fill this form out and we’ll give you an immediate decision, at the mercy of affordability.

Check always just before use

Provide us with several details and you’ll find down in 60 moments if you’re probably be accepted

Protect your credit rating

Irrespective of the total outcome, it’s not going to influence your credit rating until you elect 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 on your own credit history

Are Satsuma an immediate loan provider?

Satsuma is an immediate loan provider , this means we spend the agreed loan amount straight into your account, then manage it right until the last repayment. Nonetheless, we do on event usage agents too.

What’s the difference between short term installment loans and payday advances?

Although they are able to appear comparable, there are numerous differences when considering short term installment loans and payday advances.

Unlike pay day loans, which needs to be paid back in one single swelling amount within a couple weeks of taking right out the mortgage, repayments on a Satsuma term that is short may be built in regular or month-to-month instalments, over a length of between 3 to 12 months.

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’ll not spend any additional costs for a Satsuma term that is short, only what’s agreed upfront.

However, we are a high interest lender which means our rates of interest are much higher than traditional high street lenders as we mentioned earlier. Something that is highly recommended very very very carefully if you’re thinking about a Satsuma loan.

Can a temporary loan be great for my credit history?

The theory is that, any loan you are taking down – a term that is short or otherwise – may have a direct effect in your credit score. Whether or not it has an optimistic or negative impact is determined by the way you handle your repayments.

In the event that you spend your loan right back beneath the terms consented whenever you took it down, and then make all of your repayments on time, it will help to boost your credit score. If, having said that, you will be late with re re payments or miss them totally, this will 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.

Nevertheless, you can 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.