Satsuma loans is different by allowing customers to repay weekly or monthly – and this might be more suitable for borrowers who get paid on a weekly basis or who are watching their finances closely.
Satsuma is passionate about offering flexibility, in both borrowing and repaying. Customers can choose how long they want to borrow for, with options ranging from 3 to 12 months and the chance to repay early at any point. Customers will also save money if they clear their account early, as they will be able to save money on the overall interest.
The Satsuma proposition is a much healthier option that traditional payday loans, whereby customers receive their loan upfront and repay in full on their next pay date. Whilst effective for some, it has forced many into a spiral of debt and created a habit of borrowing out multiple loans to stay on top.
As a direct lender, you have peace of mind knowing that you are working with Satsuma directly and no other brokers or middlemen.