We realize you donвЂ™t always desire to borrow ВЈ1000вЂ™s, which explains why we just issue tiny loans – up to ВЈ1000 for your first loan and up to ВЈ2000 in the event that you borrow from us once again.
Unlike others, especially payday loan providers, we realize that it is never feasible to settle that loan in a single big lump sum payment, but thatвЂ™s ok because our loans are reimbursed in instalments for a month-to-month or weekly foundation.
Sometimes, you will need to have a longer that is little repay than you initially thought, but that is okay too. All we ask is the fact that you give us a call to talk through the specific situation to make certain that our company is mindful and may provide assistance where feasible.
The final thing you require whenever youвЂ™re struggling to repay on time are unforeseen additional costs or costs, however with Satsuma Loans you donвЂ™t have to bother about unforeseen charges since there arenвЂ™t any.
Our loans are paid back in month-to-month or regular instalments consented with you upfront
Our repayment structures are versatile – therefore if you’d like much longer to repay, thatвЂ™s fine, all we ask is the fact that you communicate with us about restructuring slow repayments.
No fees that are hidden
You will find simply no additional charges or charges whatsoever вЂ“ therefore customers know they’ll never ever spend a cent a lot more than whatвЂ™s been agreed upfront.
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Talk to a person that is real you’ve got any concerns, questions, or issues with your friendly, UK based customer contact group specialized in helping you
Therefore we ask you to answer to be too. We check to ensure that you are able to afford loan repayments before we transfer funds so we constantly request you to verify the mortgage repayments are workable for you personally
All of this allows you to build an improved credit score which notably means as you are able to get further loans from us if you want, however it may additionally assistance with getting credit somewhere else for such things as mortgages.
WeвЂ™re open, truthful and totally clear with fees, which means you constantly understand the full price of your loan upfront. Besides this, you’ve got satisfaction, understanding that repayments will simply be used in the time of this week or thirty days consented to you and just one effort is likely to be made regarding the agreed day.
WeвЂ™re authorised and regulated by the Financial Conduct Authority. Satsuma Loans is really a trading title of Provident private Credit Ltd.
That are Provident Private Credit Ltd?
Provident private Credit Ltd are section of the Provident Financial Group, who possess plenty of expertise in lending responsibly through the British and Ireland.
So although Satsuma Loans might appear just like a brand that is relatively new weвЂ™ve really been with us for a long time вЂ“ over 135 years to be precise!
Understanding your requirements and keepin constantly your needs in your mind is exactly what we doвЂ“ itвЂ™s in our DNA!
Loans may be paid back either weekly or monthly over a length of 3 to 12 months according to the loan term opted for at application. The maximum APR for a financial loan is 1575%.
What exactly is a cash advance?
Some traditional attributes of a loan that is payday
The loans are for small amounts, and states that are many a limitation on pay day loan size. $500 is really a common loan limitation although limitations vary above and below this quantity.
a cash advance is|loan that is payday} frequently repaid in one payment from the borrowerвЂ™s next payday, or whenever earnings is gotten from another supply such as for example a retirement or Social Security. The date that is due typically two to one month through the date had been made. date that is due set in the pay day loan agreement.
To settle , you generally compose a post-dated check for the entire stability, including charges, or perhaps you offer the loan provider with authorization to electronically debit the funds from your own bank, credit union, or card account that is prepaid. The lender can cash the check or electronically withdraw money from your account if you donвЂ™t repay the loan on or before the due date.
Your cap cap ability to settle while fulfilling your other bills is usually maybe not considered by a lender that is payday.
Other loan features can differ. For instance, payday advances tend to be organized become reduced in one single lump-sum repayment. Some state laws and regulations allow lenders to вЂњrolloverвЂќ or вЂњrenewвЂќ a loan whenever it becomes due so the customer pays just the charges due plus the lender stretches the deadline of this loan. In many cases, payday loans can be structured so they are repayable in installments over a longer time period.
Cost of a cash advance
Numerous state rules set a maximum amount for cash advance charges including $10 to $30 $100 lent. A normal two-week cash advance by having a $15 per $100 charge equates to a yearly portion price (APR) of nearly 400 %. By comparison, APRs on charge cards can are normally taken for about 12 per cent to about . The cost of the loan, fees, and the maximum loan amount are capped in many states that permit payday lending.
The laws and regulations in your state might allow, control, or prohibit these loans
Some states don’t have lending that is payday these loans aren’t allowed by the stateвЂ™s law or because payday loan providers decided maybe maybe not company in the rate of interest and costs allowed in those states. In states which do permit or manage lending that is payday you might be capable of finding more info from your own state regulator or state attorney general
Defenses for servicemembers
You can find unique defenses through the federal Military Lending Act (MLA) for active responsibility servicemembers and their dependents.
Those defenses add a limit of 36 per cent regarding the Military Annual Percentage Rate (MAPR) and also other restrictions in exactly what lenders can charge for payday as well as other customer loans. Speak to your local Judge Advocate GeneralвЂ™s (JAG) workplace to learn more about financing limitations. You should use the JAG Legal Assistance workplace