Satsuma Loans

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Satsuma Loans

In this article we let you know about Satsuma Loans.

As some of you may know, Satsuma loans do not operate anymore and do not offer any loans.

We’ll explain what you should do if you have a Satsuma loan and also what to do if you are currently looking for a loan.

When did Satsuma Close?

Satsuma made the decision to close on 31st December 2021.

If you have a loan with Satsuma, you can stop making payments on your outstanding loans to Satsuma after this date. Any payments taken after the 31st of December 2021 will be paid back to you.

Satsuma News

Below are some news articles regarding the closure of Satsuma Loans:

The Sun – Martin Lewis MoneySavingExpert has revealed how thousands of borrows could see their debts cleared after Christmas 2021.

Money Expert – Payday and doorstep lenders write off tens of thousands of loans

Sunny Loans UK as an alternative?

We have helped thousands of customers get an online Same day loan UK. We work with a large panel of lenders that are FCA-approved. Working with a large panel can increase your chances of getting a loan. Here are some other benefits of choosing Sunny Loans UK:

Instant decision and same-day pay-out

At Sunny Loans UK we give you an instant decision on whether you’ll be accepted or not and we also work with lenders who do the same-day pay-out. This means if you apply for a loan today you should get your money the same day. In some cases as quick as an hour, however, each lender is different so it all depends on which lender you get matched with.

FCA Approved UK Company

We are an introducer to T DOT which is authorised and regulated by the FCA under reference number 688026. We are also a registered limited company in England and Wales under the company name 1st Class Finances PJMO (company number 11547109) you can find us on companies house here.

100% Free

Our services are 100% free to use, we make a commission from the lender we match you with meaning you get our services 100% free. Unlike some brokers who charge the customer and lender, we believe it should be free to the customers

Finding your Satsuma Loans alternative

Hopefully, after reading this article you’ll think Sunny Loans UK offer a good alternative to Satsuma Loans. You can apply at the top of the page but please note: Loans should only be taken out as a last resort and you should always try and find an alternative first before agreeing to a high-interest loan. Always be sure you can make the payments on time too as not meeting the repayments can lead to a damaged credit score and in some cases a CCJ.

Satsuma Loans