Satsuma Loans FAQ

Before you make an application for a Satsuma loan, it is essential to be built with information on the financial institution. This Satsuma Loans FAQ covers probably the most popular concerns. It covers things that are essential learn about the financial institution, the loans and just just what it is prefer to be considered a debtor.

Satsuma Loans is just a trading title of Provident private Credit Ltd.

Provident is just a well-known provider of loans, dating back once again to 1880.

Today, Provident continues to run as being a home loan provider. Satsuma could be the manufacturer for Provident’s on the web loans.

The office that is registered:

1 Godwin Street Bradford BD1 2SU

Provident is registered aided by the Financial Conduct Authority. And that can be located in the Financial solutions enter utilizing the reference quantity 002529.

What sort of loans do title loans online Washington Satsuma loans offer?

Satsuma is really a provider of short-term loans.

It is possible to borrow such a thing from ВЈ100 to ВЈ1,000, at the mercy of approval.

They are instalment loans, supplied over regards to between 3 and one year. An extended payment term enables you to distribute the price, with more repayments that are manageable will keep you with debt for extended.

Longer loans terms also lead to a bigger total repayment.

Then you might pay back ВЈ49.20 per month and ВЈ147.60 overall if you borrow ВЈ100 from Satsuma over a 3-month term. But, the loan that is same year might suggest an overall total payment of ВЈ199.20. Over year, the month-to-month repayments are a far more workable ВЈ16.60.

These instalment loans may also weekly be repaid.

What’s the APR of a Satsuma loan? How to make an application for that loan from Satsuma?

Satsuma loans are given at a representative apr of 991per cent.

Which means that at minimum 51percent of clients must accomplish this APR or better.

You can apply online for the Satsuma loan.

There clearly was that loan calculator in the Satsuma web site. this a rough estimate of one’s total payment, and monthly or weekly instalments. The cost that is actual of loan could be various. Interest levels usually are determined after your specific circumstances have actually been considered.

Once you understand how much you may like to borrow, and exactly how very long you’d like to borrow for, it is possible to have the application that is online.

You need to offer some individual and details that are financial.

In the event the loan is authorized, Satsuma claims that could be in your account within an hour or so.

is there requirements that are minimum satisfy?

To qualify for a Satsuma loan, you have to fulfill criteria that are certain.

You have to:

В· Be between 18 and 74 years of age.

В· Have A british banking account and debit card.

В· Be a UK resident.

В· never be bankrupt.

Whilst some providers of short term installment loans have income that is minimum, Satsuma doesn’t publish one. This means you can put on also on a decreased earnings but does not always mean that you’ll be provided that loan which you cannot pay for.

It is vital to make use of financing affordability calculator to choose practical loan terms.

Will Satsuma run a credit check?

A credit check is a component associated with the process that is decision-making.

considered for the loan, you will have to give approval to be accessed.

Satsuma is just a accountable loan provider and can check your credit history for indications you borrow that you can afford to repay what. You might be approved for a financial loan, even in the event your rating is not perfect.

Satsuma checks your credit history with Experian.

Is Satsuma a lender that is trustworthy?

Being a Provident brand name, Satsuma is really a trusted loan provider.

Provident loans have now been given to a lot more than 130 years.

Other Provident brands include Vanquis Bank, well understood for their charge cards.

Satsuma Loans was launched in 2013. The Satsuma web site states that a lot more than 90,000 loans are actually released yearly.

The lending company is regulated and authorised by the Financial Conduct Authority.

Loan reviews supplied by customers positive.

Satsuma makes use of Reviews.co.uk feedback clients, with 83% of reviews having a rating that is 5 of January 2017.

Most borrowers mention an easy, fast and effortless borrowing experience.

Satsuma has UK call centre.

Exactly how are loan repayments taken? What goes on if we cannot repay my loan?

Your loan are going to be paid back utilizing Continuous Payment Authority (CPA). the financial institution to simply take cash from your money, regular or month-to-month, without seeking authorization each and every time.

You’ve got the proper to withdraw Continuous Payment Authority, but it’s still in charge of your financial troubles.

You will need to contact Satsuma to make alternative arrangements if you wish to withdraw.

Satsuma will agree all repayments to you prior to the loan is finalised. you shall be provided with payment dates and amounts to ensure there are not any shocks.

It is important to act quickly if you are struggling to make repayments.

You should first contact Satsuma, alert to your problems.

Contacting the lending company is not easy. But, they usually have to greatly help. They have to work in a reasonable and way that is responsible.

Satsuma might be able to arrived at a casual agreement, that will help you together with your cash dilemmas. temporarily pause your repayments or could stop interest that is further being put into your financial troubles.

Another possibility your regular or month-to-month repayments could be reduced, utilizing the debt spread over a lengthier loan term.

Lenders don’t have any responsibility to lessen the total amount which you owe or even to stop interest from being added. But, assist you to to find a good and reasonable solution.

Should this be maybe not sufficient, you might desire to contact a debt charity at no cost financial obligation advice.

How can I contact Satsuma?

You can easily contact Satsuma by phone. Call 0800 694 0004.

Customer care representatives can be found from Monday through until Saturday.