Satsuma Loans

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Company Information

  • Company Name:
    Satsuma Loans
  • Website Address:
  • FCA IP:
    002529
  • Business address:
    1 Godwin Street, Bradford, BD1 2SU
  • Phone number:
    0800 694 0004

Satsuma loans help many borrowers to manage their finances and to make ends meet. These loans feature zero fees and a strong success rate among previous customers. Ninety percent of Satsuma customers state that they would be happy to take out a loan through us again after already having borrowed once. Satsuma is a financial services provider that aims to achieve satisfaction by offering what’s right for customers. Take out a Satsuma loan today to cover bills, a special purchase, your vacation, or any expense of your choice.

APPLICATION REQUIREMENTS:

Successful loan applicants must meet the following basic requirements: they must be between 18 and 74; they must be residents of the United Kingdom; they must undergo a credit check. Other things that customers need to successfully apply for an instalment loan include an email address, mobile phone number, and bank account.

LOAN AMOUNT AND CHARGES:

Satsuma instalment loans range in amount from £100 to £1,000. The loan amount offered to a particular client is determined through an affordability check that is used to calculate how much a consumer can manage to pay back. Repeat customers are eligible for larger loans of as much as £2,000. The total interest charged over the life of a Satsuma instalment loan depends on the length of the loan term. A £400 loan with a life of 26 weeks will incur a total interest charge of £679.90.

PROCESS:

Before applying, customers should calculate the loan amount they’re looking for and how much they’re capable of paying back. They can then apply for their loan online by entering some basic information about their employment, address, contact details, and bank account. After submitting the application, applicants will receive a decision regarding how much they can borrow. They can then decide whether or not they wish to proceed with the loan. If they agree with the loan terms, funds will be deposited into their bank account within as little as an hour.

PAYMENT:

When it comes to repaying their Satsuma loans, our clients have quite a few different options to choose from. Payments are set up in manageable segments that make it easier for clients to pay back their loans. Borrowers can choose the term length that’s best for them. Payments can be made through a Continuous Payment Authority that handles payment automatically so borrowers don’t have to worry about forgetting their payment due dates.

111 Reviews of Satsuma Loans have been submitted - read the latest 3 below

I hadn't planned on going on holiday this Summer and so had no spare cash saved but then a fabulous opportunity came up to join some friends who were going to be staying at a huge villa and there was a spare bedroom going if I wanted to join them. I just needed flights and spending money so it wasn't a huge amount but still more than I could put my hands on in time so I decided to take out a small loan to pay for it.

Satsuma are one of the names I recognised as soon as I started looking online and as their rates seemed quite reasonable for the amount I wanted to borrow and they were promising to get your money to you within an hour I went ahead and applied for the loan with them. The first thing I needed to do was get some flights booked so if I'd had to wait more than 24 hours I probably wouldn't have chose them.

As it turned out, my loan was approved almost instantly and the money got to my account after only about 3 hours of when my original application was submitted. It meant I could book flights straight away and luckily I've managed to get a good deal with them. So it really couldn't have worked out better for me and I am getting excited about my holiday which is only days away now!

Review posted by Ms I. Webster, South Ockendon

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

The first time I used Satsuma for an instalment loan I didn't really do a lot of research first, I just looked at the first 3 or 4 lenders on the loan comparison website and decided that Satsuma seemed to be offering one of the best rates. Since then I have looked more carefully at what other instalment loan lenders are offering but I am pleased to say that Satsuma are still up there with the most competitive lenders and so I've gone with them again for this second loan and I'm just as satisfied with the terms I've been given with this loan. Because I am a repeat customer I was even able to borrow a bit more this time round which was very helpful. If someone asked me at this current time to recommend an instalment loan lender I would definitely feel confident saying Satsuma. But as a rule I think people should check out this for themselves.

Review posted by J Cranston, Elmers End, Beckenham

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

I owed a pal some money and he was putting pressure on me to pay it back. I had been trying to save a bit each month from my wages but it was still only a fraction of what I owed him. In the end I took out this instalment loan with Satsuma after my wife suggested it and I am kicking myself now that I didn't just get the loan in the first place instead of borrowing from my pal. I've paid him back now and he is okay about how long it had dragged on but the fact is if I'd got this loan sooner it would be almost paid off now and the worse bit is the monthly repayments are about the same as I was managing to put by each month. From now on if I need a loan I'll go to Satsuma and not a pal. It's a lot less hassle I reckon and worth paying the interest. I reckon I'll be using Satsuma again as they were a good lender to deal with and one of the cheapest instalment loans I could find.

Review posted by Mick Riley, Southend-on-Sea

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money