Satsuma Monthly Loans
Calculate Your Loan Cost:
Choose the loan type you require then adjust the sliders to calculate the cost of your loan.
Representative ExampleRepresentative 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.
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Satsuma Loans - Monthly RepaymentSatsuma Loans offer short term online loans of up to £1000 for new customers that are repaid in monthly instalments. Repeat customers may be eligible to borrow up to £2000. Satsuma are part of Provident Personal Credit Ltd that have been lending for over 130 years.
Early RepaymentWhen you take out a loan with Satsuma and you find yourself in a position where you can settle the loan early, then you may be entitled to what is known as an ‘early settlement rebate.’ This means that if you decide to pay back your loan early you could actually be eligible for a reduction on the amount of interest you agreed to pay when you took out your loan, this depends on how much you have paid so far and how long remains on the loan term. This is common with other providers too. If you would like to settle your loan early, Satsuma will provide you with an early settlement quote which will be valid for 28 days. The amount you need to pay to settle your account will include interest calculated to cover this 28 day period in which the quote is valid. This amount is payable even where you settle the loan immediately. This is in accordance with the provisions of the Consumer Credit (Early Settlement) Regulations 2004.
When can I get my loan?
How do I repay my loan?
What happens if I can't pay my loan on time?
Am I eligible for a Satsuma Monthly Loans loan?
- You must be aged between 18 and 74 years of age to apply
- You must be a UK resident
- You cannot be bankrupt
- You must have a UK bank account and debit card
- You will also need a valid email address and phone number, your address information for the last 3 years and details of your income and outgoings during the application process
How is this lender regulated?
- Satsuma Loans are authorised and regulated by the Financial Conduct Authority
- Members of the Consumer Finance Association