Satsuma Loans Alternative
£250 – £2,000 loans for all of life’s ups and downs
Your alternative to Satsuma Loans
If you are currently looking for a personal loan, one company that you may have heard of is Satsuma Loans.
Satsuma offered short term loans of between £100-£1000, repayable over a period of 3-12 months.
However, since May 2021*, Satsuma Loans are no longer offering new loans, either to new or existing customers.
The good news is that there are various other lenders who are still offering a range of personal loans.
A good Satsuma alternative
On this page we consider the important things to look for when searching for a Satsuma alternative loan.
We also provide information about the loans offered by Loans 2 Go , which could be your ideal Satsuma alternative.
How to find a good Satsuma alternative
If you are looking for a Satsuma alternative, there are various factors to consider. We suggest you look particularly at the three following aspects:
How much money do you need to borrow?
Loans 2 Go offers personal loans from £250 to £2000, depending on how much you can afford to repay. If your loan is approved, you can use it for any purpose you choose.
How long is the repayment period for the loan?
Satsuma Loans had short repayment periods of between 3 and 12 months. At Loans 2 Go, our usual repayment periods are longer: either 18 months or 24 months, depending on how much you borrow. You can make repayments on either a monthly, fortnightly or weekly basis.
The longer repayment period not only gives you more time to repay your loan but also means that the repayments are smaller so you won’t struggle to make them. But if you decide to repay your loan early, that is fine with us, which makes us an excellent choice as a Satsuma alternative.
What are the charges for the loan?
There are no charges for setting up the loan. We also do not charge you anything if you decide to repay your loan early.
We will charge you interest on the loan and the amount of interest depends on the length of time you take to repay your loan. We will explain the exact costs of your repayments and interest charges to you upfront before your loan starts.
What are the eligibility criteria for a Loans 2 Go loan?
If you are looking for a Satsuma alternative and have poor credit history you may be unsure about which lenders might accept you.
In this respect, Loans 2 Go is a good choice for a Satsuma alternative. We will do credit and affordability checks as part of the loan application process because it is important for both of us that you can afford the loan repayments. But if your current financial position enables you to afford a loan with us, we will consider lending to you even with poor credit history, or even a CCJ.
You do need to have a UK bank account and debit card to be accepted for a loan with us. If your loan is accepted we will pay the money into your bank account, and you can then repay us via CPA (Continuous Payment Authority) from your debit card.
You also need to be aged at least 21, resident in the UK (as a homeowner, tenant or living with parents), and currently employed with a regular income.
How do I apply for a Loans 2 Go loan?
With Loans 2 Go it is straightforward and stress-free to apply for your Satsuma alternative loan.
All you need to do is:
- Click Apply Now and simply select the amount of money you want to borrow.
- Complete the online application form and submit it to us.
- You will receive an instant decision. If your loan application is approved, you can expect to see the money in your account the same day*.
So if you are looking for a good Satsuma alternative, look no further than Loans 2 Go.
We look forward to hearing from you soon.
*correct as of June 2021
Personal loans | 18 or 24 months
Life is full of ups and downs, and sometimes things just don’t go to plan.
£250 - £2,000
personal loans
Over 2,000,0000
people helped
Confidential &
secure
Money
same day
FAQ
We do not charge any set up fees when you take a personal loan with us.
Payments can be made safely and securely online using our online customer portal. You will need your agreement number and a bank debit card to make this payment.
Yes, you can pay off all or part of your loan early at any time and there are no early repayment fees. You may also be eligible for an early repayment discount.
Please contact our Customer Services department to receive help with your payments via email us on [email protected] or call 0330 4000 402.
