Short term installment loans. Exactly what are Short Term Installment Loans?

March 30, 2021

Does Satsuma provide term that is short without any credit check?

No, we don’t offer loans with no credit check. We do have an eligibility checker, nevertheless – this enables one to see if you’re apt to be accepted before doing a credit check that is full.

As previously mentioned above, we glance at more than simply your credit rating when considering candidates.

Will Satsuma Loans offer a decision that is instant?

At Satsuma, we should make obtaining and taking out fully a term that is short because clear as you can. That’s why we try to offer you a decision that is initial one minute of the initial application being finished as a result of our capacity to always check before you use.

Why must I select Satsuma for my term that is short loan?

If you’re considering obtaining a short-term loan, check out explanations why Satsuma are one choice for you:

  • Fixed repayments – once you submit an application for a Satsuma loan, the APR (apr) is determined so you can see exactly how much you need to repay and what your monthly repayments will be before you submit your application.
  • No concealed charges. Pay just right right back that which you agree upfront – With Satsuma, it is easy to understand just how much borrowing that is you’re your loan is definitely the lump sum payment you need to borrow in addition to the interest. It’s a calculation that is simple while our short term installment loans have simply no concealed costs.

Whenever you submit an application for a quick term loan from Satsuma, you constantly understand:

  • We’re a responsible loan provider. We never ever let you borrow significantly more than you can easily back afford to pay.
  • We don’t apply any concealed charges. Pay just right right back everything you agree upfront
  • Our consumer payment and service groups are right right here to assist
  • You won’t have to find a guarantor.

Typical questions regarding Short Term Installment Loans

If you’re nevertheless not sure whether a Satsuma short-term suits you, check always out of the responses for some of the very most usually expected concerns.

may i get a term loan that is short?

If you’re a British resident, aged 18 or over and possess a legitimate British banking account and debit card, you’re eligible to try to get a Satsuma loan. When it comes to getting that loan, we must conduct a credit and affordability check to make sure that you have handled repayments well within the past, and therefore it is possible to comfortably pay off the amount of money you want to borrow.

Do i want a guarantor for the temporary loan?

For many short term installment loans, you will do need a guarantor. But, you don’t desire a guarantor to simply just simply simply take a Satsuma out short-term loan.

could i get yourself a short-term loan with bad credit?

When you have bad credit and desire a loan, Satsuma may consider your application still. We take into account a quantity of key facets away from your credit rating, such as for example your yearly incomings and outgoings, along with every other economic commitments you’ve probably.

Prior to making a software, you’ll want to make certain you have actually the immediate following:

  • A legitimate email and number that is mobile
  • Address information when it comes to previous 36 months
  • Your revenue and outgoings
  • Your bank account and debit card payday loans no credit check online Alabama details.

Additionally you have to be:

  • Aged 18 to 74
  • A British resident
  • maybe perhaps Not bankrupt
  • Ready to have credit check.

just how do short term installment loans work?

This differs from lender to lender, with Satsuma but, our short term installment loans are for sale to quantities between £100 and £1,000, repayable over a period of between 3 and 12 months.

prepared to use? Head to our Satsuma application for the loan web web page and include your details for the decision that is instant.