Short term installment loans term that is.Short are an approach to borrow a quantity of cash and repay in a brief period of time.

Borrow ВЈ100 – ВЈ1,000, at the mercy of affordability

Representative 535%​ APR.

Warning: belated payment may cause you severe money dilemmas. For assistance, visit

Exactly what are Short Term Installment Loans?

This contrasts along with other forms of borrowing, such as for instance mortgages and car and truck loans, that are applied for for bigger levels of money you typically pay off over a long period.

When you have a very poor credit score, you will probably find you have got restricted access to loans from some traditional loan providers or banking institutions. With Satsuma, we glance at more than simply your credit score when it comes to you for a short term loan, meaning you could nevertheless be accepted despite having not as much as favourable credit.

Why choose Satsuma?

We could help if you’re looking for a short term loan but have limited access to credit from banks and other high street lenders. At Satsuma, you can borrow between £100 and £1,000 and repay over a length between 3 to 12 months if authorized.

We usually do not charge charges for missed or payments that are late you simply repay that which you agree upfront. But, we nevertheless charge mortgage in the cash you borrow. It is also well worth noting that Satsuma are a high-interest lender, so please just take this into account before using for a financial loan with us.

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Verify that you will be qualified

We are able to inform you whether you’re apt to be accepted for a term that is short, without making a difficult footprint on your own credit report.

With Satsuma you’ll find away if you’re qualified before using. Even although you have actually a history of bad credit, you’ll get an eligibility choice within one minute. You aren’t obliged to just take down that loan and there won’t be an archive from it on the credit file.

When you do opt to use a while later nevertheless, after that your application will need a full credit check.

To check on, fill away this form and we’ll give you an immediate decision, at the mercy of affordability.

Check always just before use

Provide us with a few details and you’ll find away in 60 moments if you’re probably be accepted

Protect your credit history

Irrespective of the outcome, it will not impact your credit score until you elect to use

Finish a full application

Then run a full credit check which will leave a mark on your credit file if you choose to apply, we’ll

Are Satsuma a lender that is direct?

Satsuma is an immediate loan provider , which means that we spend the agreed loan amount straight into your account, then manage it right until the last repayment. Nevertheless, we do on event usage agents too.

What’s the difference between short term installment loans and payday advances?

Even though they can appear comparable, there are many differences when considering short term loans and pay day loans.

Unlike payday advances, which must certanly be paid back in a single swelling amount within a couple weeks of taking right out the mortgage, repayments on a Satsuma short-term loan could be manufactured in regular or month-to-month instalments, over a length of between 3 to 12 months.

It over for an additional month, you can be charged an additional fee or have increased interest added on to your payments if you miss a repayment on a payday loan or roll. You’ll not spend any extra charges on a Satsuma term that is short, only what’s agreed upfront.

Nonetheless, once we talked about early in the day, we have been a higher interest loan provider which means that our interest rates are much more than conventional high-street loan providers. Something that should be considered carefully if you’re thinking about a Satsuma loan.

Can a term that is short be great for my credit history?

The theory is that, any loan you are taking away – a term that is short or otherwise – might have a direct effect in your credit history. Whether or not it has an optimistic or negative effect depends upon the method that you handle your repayments.

You took it out, and make all your repayments on time, this can help to improve your credit rating if you pay your loan back under the terms agreed when. If, having said that, you might be belated with repayments or completely miss them, this could damage your credit score.

For those who have other personal lines of credit available, opt for exactly how they are handled. If repayments are missed somewhere else then this can have a negative effect on your credit score.

But, you will find exceptions to take into account: if a certain business views short-term (or payday) loans negatively, then having this on your own credit score may potentially count against you.

Does Satsuma think about applicants with bad credit?

At Satsuma, we glance at more than simply your credit rating when evaluating the job.

You may find you’re turned away by some lenders if you have a poor credit score or no credit history. At Satsuma, we also consider carefully your incomings that are annual outgoings, alongside just about any economic commitments you have.

Once you use, we require you to definitely be since accurate as you are able to because of the details you provide us with, so we can utilize all of this information to offer you an immediate decision and gives a sum that one may fairly repay.