Satsuma Loans Monthly

21 reviews

535% Representative

Will lend between: £100 - £1,000

Over: 3 - 12 Months

Representative example: If you borrow £480 repayable over 9 months. 9 monthly repayments of £106.56. Rate of interest 133.1% p.a. fixed. Representative 535% APR. Total amount payable is £959.04
Claim this profile

If you work at Satsuma Loans Monthly

Satsuma Loans Monthly customer reviews.

21 reviews

2.9 out of 5 stars

Great lender!
21:02 01-07-2017
ImageSmart Money People

Simple to apply, amounts are generous! Very easy repayment scheme & even have an app for you too keep on top & track your loan progress, giving start dates, end dates & a percentage how much of your loan is completed! Money arrived very quickly & was not hassled with the need of providing pay slips / proof of income as was all done via bank info! Great great service! Love satsuma loans!

Chloe Hallinan

great company
04:45 30-06-2017
ImageSmart Money People

great staff very hrlpful and understanding

shelley sewell

Quick, easy and hassle-free loan
19:03 22-06-2017
ImageSmart Money People

Great customer service and simple website which helps manage my account.

S Jackson

Quick, easy, fair
12:43 05-06-2017
ImageSmart Money People

Got a loan to pay rent, Satsuma were quick, and their interest is reasonable considering there are so many other companies with higher rates.

Ryan

easy to manage
19:32 04-06-2017
ImageSmart Money People

At only a small 5 weekly repayment satsuma is by far the easiest loan to pay back. Direct from my bank too, so it wasn't missed

kelly davies

Bad
08:38 22-05-2017
ImageSmart Money People

They are rude on the phone they harass you even when your trying to set up alternative payments or amounts

Rachael Young

Satsuma
15:00 29-04-2017
ImageSmart Money People

A life saver payday loan was easy to apply got the money transfer in minutes would recommend everyone satsuma loans

Noor Miah

Helpful service
10:52 29-04-2017
ImageSmart Money People

Quick and there when others said no

John

Excellent
16:56 19-04-2017
ImageSmart Money People

Reliable, fast and friendly.. Payout in less than 15 minutes, extremely happy :)

Kiyana Anderson

Customer service team are good
15:02 10-04-2017
ImageSmart Money People

I had a complaint with Satsuma and although they took slightly over 8 weeks to respond they had the courtesy to keep me informed all the way through my complaint. Payday loans are a desperate resort and I wouldn't recommend you take one but at least Satsuma have some idea of what customer care looks like

Michelle

Our review of Satsuma Loans Monthly

Satsuma Loans are a relative newcomer to the personal loans market, however, their roots go back over 200 years, through parent company Provident PLC. Pitching themselves as a friendly alternative to payday loans, the firm comes across as a fresh and vibrant take on the high-cost short-term credit model. 

Satsuma rate highly when it comes to features largely because they don't charge any fees! That's right, aside from your repayments, there aren't any fees at all, which is a bit of a rarity when it comes to the payday loan sector. Watch out though, although Satsuma doesn't charge any fees on their loans, rates and APR are at the higher end of the pricing spectrum in this category. When it comes to simplicity and consumer sentiment, Satsuma hasn't scored as highly due to a lack of post-payout facilities like statements and payment holidays.

If you're considering taking out a Satsuma Loan the usual high-cost short-term loan health warning applies: make sure you keep up with your repayments. Although Satsuma Loans are good at not charging any fees if you do miss a payment, it's never a good thing to have late or missed payments showing up on your credit file. 

Written by: Mark

Highlights

  • Monthly repayments on any day
  • No charges for late or missed payments
  • Funds available in only an hour between certain hours
  • Make additional or overpayments at any time

Minimum criteria

  • You must be aged between 18 and 74
  • You need to be a UK resident
  • No bankruptcy
  • You will need an email address
  • You must have a mobile phone

Fees

  • Maximum APR 1027.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

Satsuma Loans Monthly on Twitter

What Satsuma Loans Monthly are tweeting

What everyone is tweeting about Satsuma Loans Monthly

About Satsuma Loans Monthly

Satsuma Loans offer high-cost short-term loans between £100 and £1,000 that can be borrowed over a period of 3 to 12 months at a representative APR of 535%. Satsuma Loans charge absolutely no fees at all including arrangement fees, faster payment fees or even late or missed payments.

Company information

Registration number: 146091

www.personalinhomecredit.co.uk

0800 409 6654

1, Godwin Street, Bradford, West Yorkshire, BD1 2SU, United Kingdom

FCA registration

Reference No: 002529

Trading names: Advance Cash, Advance Loans, Provident Direct, Provident Personal Credit, Provident, Satsuma Loans

Place of business: 1, Godwin Street, Bradford, West Yorkshire, BD1 2SU, United Kingdom

Data protection registration

Registration No: Z5227544

Data controller: Provident Personal Credit Limited

Address: 1, Godwin Street, Bradford, West Yorkshire, BD1 2SU, United Kingdom

Apply Now
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk