What is an unsecured loan?
An unsecured loan is more straightforward than a secured loan. You don’t have to be a home owner to apply as we don’t secure your loan against your home or possessions. That’s reassuring!
You'll simply need to choose how much you want to borrow and agree to make your repayments until your loan is paid in full. To make it easier for you to budget, the full amount you agree to pay is fixed upfront too. Whilst there will still be a credit check completed to help ensure you can afford to make the repayments you're not risking your possessions against the loan if you get into a situation where you find it harder to pay. All we ask if this does happen is that you give our friendly UK based Customer Care Team a call and they will help you work things out.
Looking for an unsecured loan from Satsuma?
Small unsecured loans from Satsuma Loans are flexible. You can choose how much you’d like to borrow between £100-£1,000 and the length of term you want to make the repayments over. Just choose the size and length of your unsecured loan with our repayment calculator online.
With Satsuma unsecured loans:
Zero hidden fees
So you will only ever pay the amount of interest you agree upfront.
Repay in monthly or weekly instalments
You pay back in monthly or weekly instalments to suit you. You don’t have to lift a finger – these are set up to be paid by Continuous Payment Authority.
UK Customer Care Team
You’ll always have someone to speak to if you have any questions.
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.