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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
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:
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.
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.
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
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.
LOAN LINKS
LEGAL INFORMATION
Rates from 12.9% APR to 1721% APR. The minimum Loan Term is 3 months. The maximum Loan Term is 36 months.
Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97% Representative APR: 79.5% (variable)Rates from 12.9% APR to 1625.5% APR. The minimum Loan Term is 3 months. The maximum Loan Term is 36 months.
*Subject to application being approved by the lender. Not all lenders are able to provide up to £5000
We are an Introducer Appointed Representative of T.UK, who are a credit broker not a lender. Sunny Loans UK does not provide any loan or consumer Credit products directly. Sunny Loans UK is a registered trading style of 1st class finances PJMO Ltd, which is an Introducer Appointed Representative of T.UK and is entered on the financial services register under the reference number 688026 is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 831013. 1st class finances PJMO Ltd is registered in England and Wales (Company number: 11547109), Registered Office, 1st Class Finances PJMO, Office 131, Silk House, Park Green, Macclesfield, Cheshire, SK11 7QJ.
*We welcome applications from all who meet our eligibility criteria. Regardless of your credit score or previous history we will try to match you with a lender who is able to offer you a loan.
* not all lenders are able to pay out loans same day