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What loan type is suitable for you?

We know there are a lot of different loan types out there and we know it can be difficult to find the right type for you. Hopefully this page can help you understand some of the loan types out there and what Satsuma Loans can offer you. The section doesn’t just explain short term loans but will show you how short term loans are different to other types of loans offered online and on the high street. The types of loans we will cover in the section are:

Cash loans

Suitable for those without a bank account.

Payday loans

Need a loan to tide you over before your payday?

Online loans

No paperwork required, just an online application form, so no fuss.

Guarantor loans

Suitable for those with a poor credit history, who need the extra support of someone who knows them and is happy to support them.

Short term loans

Short term loans for a short term need, it’s what Satsuma offer.

Direct loans

Go direct with a lender and cut out the middle man.

Unsecured loans

Suitable for those who don’t own a home.

Secured loans

Typically larger loans available for people who are home-owners. 

Loans can be repaid over a period of 13 to 52 weeks depending on the loan term chosen at application. The maximum APR for a loan is 1575%.

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.