Offering a helping hand in times of need.
We know there are a lot of reasons you might need a short term loan.
Often it’s that an unexpected cost has come up or that something has broken and you need some cash to be able to repair it. Whatever the reason, here at Satsuma Loans we could help. This section of our site looks at some of the common reasons people take a Satsuma Loan, which might help you decide if we’re a suitable loan option for you. We cover off the following:
Don’t worry, our service is straight forward, simple and fast to help you out in a time of crisis.
Loans over 3 months
Our loan can be paid off in a short period which means you’ll pay less interest.
If accepted, we can transfer your money within an hour. Hourly payments apply between 6am and 11pm.
This is what we do best, we offer manageable monthly or weekly repayments to suit you.
If you have an unexpected cost like a car repair or home improvement then we could help.
Loans up to £1,000
New customers can apply for a loan from £100 up to £1,000.
Bad credit loans
If you have or have had bad credit or no credit in the past, it doesn’t mean that you can’t get a loan with us today. Our loans are suited to people with low or high credit scores. We take all your circumstances into consideration when you apply.
In fact, if we do accept you for a loan, fund you and you keep on top of your payments; this could help to improve your credit rating as well.
And the good news? If you already have had one Satsuma loan and managed your account well, and would like another, you could take out a second loan of up to £2,000 subject to affordability.
Loans can be repaid either monthly or weekly over a period of 3 to 12 months depending on the loan term chosen at application. The maximum APR for a loan is 1575%.
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.