Weekly repayment loans
What are weekly repayment loans?
It’s great to know where you stand isn’t it? With Satsuma Loans not only will you know the full cost of your loan upfront, but with our flexible repayments options you can spread the cost with regular, manageable payments.
You’ll pay these back through a Continuous Payment Authority, which is a way of repaying your loan by giving us permission to collect your repayments from your debit card. This means you don't have to lift a finger. It all happens automatically. You can also choose what day of the week you want to make your repayments on.
Why choose Satsuma?
Calculate your repayment options
Check before you apply
Just answer a few questions online and we will tell you how likely you are to be approved for a loan from us. We will search credit reference agencies, but this will not leave a record on your file. If you've had credit issues in the past, checking before you apply can provide peace of mind and reassurance when applying for a Satsuma online short term loan.
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 need to check your details if you choose to apply*
Make manageable weekly payments
Use our loan calculator to see the different repayment options and what the payments are likely to be. Satsuma loans can also be repaid monthly. If you feel that option better suits your needs, then use the loan calculator to see what the payments look like.
If approved for a weekly Satsuma loan, you can select what day of the week you want to repay. This gives you control over your loan repayment schedule.
As you’re repaying a set weekly amount, there are no surprises. You know exactly what’s going out of your account and when, enabling you to control your finances.
You can also make additional repayments whenever you like through our UK based Customer Care Team.
If you need to change the day your repayments are made on, you can do this too, just get in touch on 0800 694 0004.
Applying for a Satsuma Loan
If a Satsuma weekly repayment loan is an option for you, then use our loan calculator to understand what the repayments are likely to be for the amount you need to apply for. Remember, check before you apply which will allow you to see if you’re likely to be approved for our loan – without impacting your credit rating. If you then choose to complete a full application, we will need to complete a full credit check.
* 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.