What is an online loan?
If you are looking for an online loan that is quick and simple then Satsuma Loans could be the answer. New customers can borrow up to £1,000, then when we get to know you better this could increase to £2,000, subject to affordability. Here’s how simple it is.
Choose your loan
Use our simple loan calculator to choose the loan amount and the loan term between 3 and 12 months
Complete the application form
Enter your details on our simple online application, it only takes a few minutes.
Money in an hour
If accepted, we’ll transfer the money directly into your bank account within an hour by Faster Payments. Hourly transfers apply between 6am-11pm.
Also, there are zero fees guaranteed so you will only pay the amount of interest you agree upfront.
How refreshing does that sound?
A refreshing approach to online loans
We’ve made our application form simple and straightforward. It will take just a few minutes to complete and to help you we clearly list all the information you need upfront.
We also think it’s important that you can speak to a real person about your loan as and when you need to. That’s why we have a dedicated UK-based Customer Care Team on hand to answer any questions you may have. You’ll be glad to know they’re a friendly bunch too.
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.