Looking to borrow money you can pay back in instalments?
Often there are situations when you need money quickly, but you also need the ability to repay over a period of time to suit you. Instalment loans allow you to do this by giving you a choice of time frames in which to spread your loan over.
Both short term lenders and high street banks offer instalment loans, but the difference is the terms they offer. Short term loans are typically repaid within one year, whereas high street banks and some other providers offer loans over three, five or even 10 years.
The repayment frequency can also vary, with most offering customers the ability to repay their loans monthly, whilst other lenders will offer alternative options such as weekly, fortnightly or 4-weekly repayments.
An instalment loan is a real alternative to a payday loan. With a payday loan, customers are expected to repay their full loan plus interest in one lump sum. That can be hard to cope with, especially when money is tight. With an instalment loan from Satsuma Loans, customers are able to spread the cost of their loan with manageable instalments.
Why choose Satsuma Loans?
We think our instalment loan is the better way to borrow because we can offer you the following. If you agree use our loan calculator below to find the loan that's right for you.
Repayments from 13 to 52 weeks to help spread the cost of your loan.
Borrow up to £1,000
New customers could borrow £100 to £1000
Money within 1 hour
Once approved, we can transfer your loan to your bank account within the hour. Hourly payments apply between 6am-11pm.
Try our loan calculator
Other loan types
There are a number of different loans available that may be suitable for your needs, and many of them are also repaid in instalments, including;
No paperwork required just an online application form, so no fuss.
Smaller amounts, suitable for those who don’t own a home.
Short term loans
Short term loans for a short term need, it’s what Satsuma offer
Suitable for those with little experience of credit or a poor credit history and has the extra support of a guarantor to help them
Available for people who are home-owner and are typically larger loans
By going direct to a lender rather than through a broker or comparison site you can cut out the middle man
Representative example: £400 loan repayable over 26 weeks. 26 weekly payments of £29.46. Rate of interest 183% p.a. fixed. Representative 1,575% APR. Total amount payable is £765.96.