Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Differences between Satsuma and Peachy

Considering a Peachy loan? Consider this: you may have to pay extra fees on top of your loan and you might even have to repay the full amount you borrowed within 15 days**. This isn’t something you have to do with a Satsuma loan.

We don't charge late payment fees

Despite all your best intentions, things can happen that are outside of your control and you can’t afford to make a payment on your loan. The main thing is to get things sorted and get you back on track with your payments. 

With Satsuma, if you get into difficulty, you can phone our UK call centre and get support. We won't charge you late payment fees. Peachy, on the other hand, do charge extra fees if you miss a payment. These added fees can make your debt grow very quickly.

We don't charge any additional fees whatsoever. This includes late fees, arrangement fees or processing charges.

If it’s right for you, we try to say yes

First and foremost, we’re responsible. We always try to check that a Satsuma loan is right for you. We never want you to borrow more than you can afford to repay.

With Satsuma you can check if you will be approved before you apply, without affecting your credit rating.

We don't just rely on a credit report. If you apply for a short term loan from us, we’ll look at your personal circumstances and make a decision that includes whether you have a low income or CCJ.

With Peachy you’ll need to have more than £600*** coming in each month before they will consider you for a loan, even if it’s affordable. Also, if you’ve had a CCJ** in the last six years your application will be automatically rejected.

Short and shorter term loans

Some Peachy loans are repayable within 15 days; a very short period of time. When you decide to apply for a loan, you may need time to think about whether you’ve made the right decision, as well as time to make your first repayment.

Very short term loans can cause other problems. You could take out the loan because of an emergency, for an unexpected bill or to fix your car so you can get to work. In those circumstances, it's easy to imagine taking out a short term loan and repaying it in one lump sum when you get paid.


Check before you apply

'No' is the last thing you want to hear when applying for a loan.  Especially when you know it could have affected your ability to get a loan from somewhere else. The only way you can find out if you’ll be accepted for a Peachy loan is to apply and take the risk of being turned down.

That’s not the case with Satsuma. You can check to see if you’ll be accepted, before committing to the full application – without affecting your credit rating*.

How it works

We check your info

It's not a full application so we only need a few details

Protect your credit score

No matter the result, it won't affect your credit score unless you choose to apply

Give you your result

You'll find out in 60 seconds. We'll need to check your details if you choose to apply*

Transparent pricing

Satsuma never charges fees.  Ever.  Even if you miss a payment. You only pay back what you agree up front. You can use our loan calculator to see our terms. Using the slider is easy to choose how much you’d like borrow and how long you want to repay. The calculator will then tell you the total cost of the loan and how much your weekly or payments will be.  

That’s another difference here between Satsuma and Peachy. With Satsuma you can choose to repay your loan in either monthly or weekly instalments. Choose whichever suits your personal circumstances better. With Peachy you don't get this choice.

Applying for a loan from Satsuma

Apply today. Just use our loan calculator to decide how much you want to borrow. Then complete our online application process. Don't forget to check before you apply.

As a new customer you may be able to borrow up to £1,000 (subject to affordability) over a period of three to twelve months. To apply you just need to be over 18, a UK resident and not be bankrupt.  Make sure you also have a note of your regular income and outgoings, your debit card and bank account details and personal information including name, address and mobile phone number.

Choose the loan for you


*Satsuma Loans are subject to successful completion of affordability and identity checks. Satsuma Loans are only available to UK residents who are at least 18 years of age and have a valid UK bank account and debit card.

**If you choose to repay your original loan in 1 payment

***Correct as of January 2019

Representative example: £480 loan repayable over 9 months. 9 monthly repayments of £106.56. Rate of interest 133.1% p.a. fixed. Representative 535% APR. Total amount payable is £959.04