One of the great things that stands out about Satsuma Loans is the repayment options.
Whilst most other pay day lenders only offer monthly repayments, Satsuma Loans offers affordable weekly repayments. For many who are either paid weekly or want smaller repayments on a more regular basis, Satsuma Loans is ideal.
First-time customers can apply for loans between £100 and £1,000 whilst existing customer can apply for up to £2,000. You can also apply in the evening or at weekends and the loan can be paid out within an hour using Faster Payments.
The site doesn't yet have a login feature so keeping track of your Satsuma loan isn't yet possible online, however, a simple call on their free phone number will allow to connect with their friendly staff, able to work through any details on your account that you need.
Satsuma will send out updates by post if necessary but as with any personal finance, you should always keep track yourself, of what your income and outgoings are.
Satsuma Loans are also incredibly accommodating, limiting their fees and being flexible when any problems arise. If you do find yourself unable to repay the loan as promised, or find yourself in financial difficulty, the first thing to do is call Satsuma and talk through your current situation with them. They are great and helping to solve problems and find solutions for when financial difficulties arise.
The loans Satsuma provides are based on a number of things, however two key areas they take into your consideration are your credit rating and your income and expenditure. You can check your credit rating with the likes of Noddle, who provide free searches and information based on the details you provide. You can check credit accounts you have open, previous ones you have applied for and check the likelihood of you being approved for further credit.
Your income and expenditure are also taken into account. Satsuma Loans are responsible lenders so they want to make sure that you have enough income each week or month to repay the loan in full as promised.