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How do Satsuma Loans compare to others!

We've taken some time to compare Satsuma Loans with our main competitors in the short term loan market; Wonga, Peachy, Sunny and QuickQuid to show where we are similar and where we are different.

What to consider when you compare loans?

Confused about short term, online cash loans? Puzzled about payday lenders? Don’t be. Here’s the Satsuma Loans guide to choosing a short term, online cash loan that’s right for you.

1

Straightforward online application

Our application process takes just minutes to complete. If approved, the cash could be transferred into your bank within the hour. At the end of our application process, we always try to say yes to our customers, subject to affordability.

2

Transparent pricing and short term loan rates

Price is usually the first thing you consider when you’re shopping for any product, and a short-term online loan is no different. 

At Satsuma Loans we understand that if you can compare loans quickly and simply, you’ll feel reassured that you’re getting the right loan for you. We also know there are lots of things that are important but one of the main things is price. 

We don’t just offer cash loans from £100 to £1,000 – we also offer transparent pricing because we believe transparency is important when you’re borrowing cash. Use our loan calculator to see how simple and clear it is.

3

Fees and charges

A Satsuma Loan has zero fees, which means there are no hidden or late payment charges, and you can be confident you’ll only ever need to pay back what you agreed to right at the start.

Not all short-term loanonline loan and payday lenders can offer the same cast iron guarantee so make sure you read their views on fees and charges. For example QuickQuid charge up to £15 for a missed or late payment so make sure you check details like these before you make your final decision.

4

Flexible repayments and paying early

Sometimes when you borrow over a short term, you might want to repay a portion of, or your entire loan early. This is something we offer as well as some of our competitors, so it's definitely worth thinking about when making your decision.

5

Trust

What’s next on your short term, online loan wish list? If we were you, we’d be looking at the reputation of the company you’re borrowing from. Even though we’ve only been around for two years, we’re a trading name of Provident Personal Credit Limited, who’ve been in the short-term loan business for more than 135 years. Wonga, Sunny, QuickQuid or Peachy can’t say that.

6

Customer satisfaction

We’re a reputable organisation with a trusted heritage. But you don’t just have to take our word for it when you compare loans - our customer satisfaction ratings speak for themselves. Satsuma customers have been raving about us, as you can see by our reviews. Now that’s a level of trust and satisfaction that’s hard to beat.

Click here to read Satsuma’s customer reviews on Feefo, the independent review site which has awarded us with a gold rating for customer service excellence. Compare that to Pounds to Pocket which has a 93% customer satisfaction rating, and Sunny’s 88%. Feefo November 2015

7

Regulation

Would you give out your personal details to an unregulated company? Neither would we. We’re authorised and regulated by the Financial Conduct Authority, in the same way as  the rest of our competitors. We’re dedicated to lending responsibly, which means we follow lending practices outlined by the FCA, and only give loans to customers when they’re affordable and suitable. We won’t offer you a loan if we don’t think you can pay it back. Our advice? Only compare loans from regulated companies.

8

UK call centre

When you need to speak to someone about your loan it’s great to know it’ll be a UK call centre. At Satsuma, our friendly teams in Bradford and Chatham are on hand to take your calls when you need them.

Well, we hope that helps you make a decision about where to get your next short-term loan. Now why not read our comparison pages to see how well Wonga, Sunny, QuickQuid and Peachy rate to us?

Representative example: £400 loan repayable over 6 months. 6 monthly payments of £126.40. Rate of interest 179% p.a. fixed. Representative 991% APR. Total amount payable is £758.40.