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Who are Satsuma?

Satsuma is part of Provident Financial Group, a financial services company established over 135 years ago. Satsuma is one of their newer products but backed by a large well established company.

What kind of loans do they offer?

Satsuma offers instalment loans which can be paid back weekly over 13, 26 or 39 weeks.

How much can you apply for?

New consumers with Satsuma can borrow up to £1000 for their first loan and existing customers up to £2000. Satsuma are looking for applicants over the age of 22 years and they must be in employment.

How quickly can they supply the loan?

After completing the online application form Satsuma will call each consumer to confirm all of the details before sending the money. Successful applicants will be paid via faster payments if their bank supports this but it could take up to 4 working days if your bank doesn’t support faster payments.

What do they charge?

£260 loan repayable over 26 weeks. 26 weekly payments of £19.15. Representative 1575% APR. Total amount payable is £497.90. There are no hidden charges or transaction fees.

How do their charges work?

You can pay back weekly amounts over 13 to 39 weeks. Payments are taken via debit card.

What optional charges do they have?

There are no additional charges. You can repay your loan early.

Do they charge penalties?

If you do not repay on time Satsuma advise you to contact their support team at the earliest opportunity. If you cannot pay on time or pay less than agreed Satsuma do not charge you anything extra.

Do they have TV adverts?

Satsuma have advertised on TV last year. You can see the ad here.

Licence details

  • FCA Interim Permissions Reference Number: 002529
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APR

We work with a number of lenders and their APRs vary. This example shows the average figures.

Money Gap Limited operate and own the credit brokerage site, KwikCash.co.uk. Money Gap Limited is not a lender nor does it provide credit to consumers. If you decide to apply on this site, your application will be shown to a variety of our lending partners to consider. We receive a commission from the lenders we work with after successful applicants are passed on from this website. Approval is subject to status and all applicants must have reached 18 years of age or older. The information provided on this website is for the purpose of explaining the lending process and should not be considered financial advice.

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