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Lender in Focus 5.5: Satsuma Loans FAQ. That is behind Satsuma loans?

Lender in Focus 5.5: Satsuma Loans FAQ. That is behind Satsuma loans?

Satsuma Loans FAQ

Before you submit an application for a Satsuma loan, you will need to be built with information regarding the financial institution. This Satsuma Loans FAQ covers probably the most questions that are popular. It covers important things to learn about the lending company, the loans and just exactly what it is prefer to be a debtor.

Satsuma Loans is just a trading title of Provident private Credit Ltd.

Provident is a well-known provider of loans, dating back once again to 1880.

Today, Provident will continue to run being a home loan provider. Satsuma may be the name brand for Provident’s on line loans.

The office that is registered:

1 Godwin Street Bradford BD1 2SU

Provident is registered aided by the Financial Conduct Authority. And that can be located from the Financial Services Register making use of the guide quantity 002529.

What type of loans do Satsuma loans offer?

Satsuma is a provider of short-term loans.

You can easily borrow any such thing from ВЈ100 to ВЈ1,000, susceptible to approval.

They are instalment loans, supplied over regards to between 3 and one year. A lengthier payment term allows you to distribute the price, with more repayments that are manageable could keep you with debt for extended.

Longer loans terms additionally end up in a bigger total repayment.

In the event that you borrow ВЈ100 from Satsuma more than a 3-month term, then you may pay off ВЈ49.20 each month and ВЈ147.60 overall.