Wage Day Advance loans
Now you've decided to take out a personal loan you need to find a lender. Naturally enough you want to find a company which will loan you the money you need at a rate you can afford, as well as providing the support and extra benefits you're looking for.
In your search for a loan you've probably checked out a lot of lenders. One company you may be considering is Wage Day Advance. Wage Day Advance offer very short term loans. New customers like you may be able to borrow from £80 to £1,000 over one to six months. If you're already a customer you can apply to borrow up to £2,000.
If you're taking out a loan to cover an emergency Wage Day Advance can seem a good option. However, all lenders have their good and bad points. You should shop around and consider all alternatives before you make your application. You should certainly consider a Satsuma loan.
Wage Day Advance versus Satsuma
Satsuma is the Wage Day Advance alternative you've been looking for. A Satsuma loan is ideal for any emergency situation. Apply for a loan from us and if accepted we will usually pay the money into your account within sixty minutes.**
Wage Day Advance split their loans to new lenders into two offerings. If your application is accepted you can choose to borrow up to £500 over one to three months. Or you can borrow up to £750 over four to six months. At Satsuma we believe in being more flexible.
As a new customer of Satsuma you can to borrow up to £1,000 (subject to affordability). You can also choose to repay your loan over twelve months rather than a maximum of six. This gives you flexibility to choose a loan that’s right for you.
Like other very short term lenders Wage Day Advance will charge a fee if you miss a payment. This can lead to your debt increasing beyond what you expected to repay. However at Satsuma we provide absolute clarity on how much you can borrow and how much you will repay. We only ask you to pay back the sum you borrow plus interest. We never add any charges to your loan. Even if you miss a payment. Neither do we add admin charges or arrangement fees.
Repay Satsuma loans over 3-12 months
As we mentioned above a major difference between Satsuma and Wage Day Advance is the time you can take to repay your loan. You can opt to repay your Satsuma loan between 3 - 12 months. This means you can split your repayments into an amount and term that suits you. With a loan from Wage Day Advance you can only choose up to six months to repay the money you borrow.
But that's not all. Satsuma also offers you the flexibility to repay your loan in weekly rather than monthly instalments. If you’re paid weekly this may be more manageable for you. You can use our loan calculator to see how weekly repayments would affect the cost of your loan.
Check your eligibility without impacting your credit score
Using SmartCheck you can see if you're eligible for a Satsuma loan before you apply. And it does this without running a credit check and affecting your credit score.*
Answer a few questions and SmartCheck will instantly tell you if you're eligible for a Satsuma loan and how much we'll be willing to lend you. This is a service Wage Day Advance doesn't provide.
Applying with Satsuma
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 and we'll tell you how much you could borrow. We'll need to check your details if you choose to apply*
Choose the loan for you
Ready to apply?
You can apply for a Satsuma loan right now. You can check how much your repayments will be by using our loan calculator here. Don't forget to use SmartCheck first.
After submitting your application you'll receive an instant decision from us. If we're able to offer you a loan the cash could be in your bank account within the next hour.**
What do our customers say?
* Approval for a Satsuma Loan is subject to successful completion of affordability and identity checks. Satsuma Loans are only available to UK residents who are at least 18 years old and have a valid UK bank account and debit card.
**Once approved, hourly pay-outs between 6am-11pm.