Warning: Late repayment of payday loans can cause you serious money problems. For help, go to moneyhelper.org.uk

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)

Please note: We are a broker, not a lender, and do not make credit decisions.

Subject to application being approved by the lender. Not all lenders are able to provide up to £5000

We never charge any fees,
our service is 100% free

Good and
Bad Credit Welcome

Guaranteed the best rates to your
circumstances from 50+ lenders

If Approved you’ll get the cash
in your account Today

Satsuma Loans

This is a guide to Satsuma Loans, a payday loan company based in the UK.

Satsuma Loans is a trading name of “Provident Personal Credit Limited” and their Companies House number is 00146091. They were incorporated on 20th February 1917.

They are regulated with the FCA – Their Financial Conduct Authority Number is 700144

FAQs on Satsuma Loans

Below are the most asked questions regarding the short term loan lender

How long does a Satsuma Loan take?

Usually, Satsuma will transfer the cash within an hour of your successful application. This is only between 6am and 11pm though. If you have applied out of these hours, then your money will be sent when they re-open.

Can you repay Satsuma Loans early?

Yes, like all quick loans, you can always re-pay early, however, some will add an early repayment charge.

Here at 1st Class Loans, we always recommend you paying your loan off as soon as you can as this will save you money as you will be paying less interest.

Are Satsuma Loans open during Covid-19?

Yes, you can still get a loan during the Covid-19 pandemic. They do state on their website that if you are struggling financially to get in touch with them and they won’t charge you for any late repayments as long as you let them know.

What loans do they offer?

Satsuma offer loans from £100 to £1,000, however, if you are a returning customer, you can apply for £2,000 loan.

Their APR is – 535%

Satsuma Loans Reviews

Below are reviews of Satsuma Loans from some of the leading review platforms:

  1. Trust Pilot – It doesn’t look good on Trust Pilot, their score of Satsuma is 1.6 / 5 out of 229 reviews. 88% of the reviews are 1* which doesn’t look good for the payday loan direct lender
  2. Reviews.co.uk – It looks much better on Reviews.co.uk, Satsuma have a score of 4.62 out of 5 from 2932 reviews. 92% of customers would recommend Satsuma Loans.

Please note: This review data were taken on November 2020, they might have changed after this date.

Satsuma Loan Contact Details

Satsuma Loans Logo

If you are looking to get hold of Satsuma or need their contact details please read below:

What’s the difference between Satsuma Loans and 1st Class Loans?

Here at 1st Class Loans, we can offer loans like Satsuma but we are slightly different. We are a broker, we send leads to multiple direct lenders. Whereas Satsuma is a direct lender.

If you are not sure which company to go with, we recommend if you have good credit to go with a trusted direct lender.

However, if you have bad credit, a broker might be better as they work with more than one lender, this may increase your chances of being accepted.

For more information about our loans at 1st Class Loans please read some of our related pages:

Easy Loans – Read our easy loan guide

Alternative loans – We have a list of some of the leading lenders in the UK industry.

£100, £200 and £500 loans 

our blog

Warning: Late repayment of payday loans can cause you serious money problems. For help, go to moneyhelper.org.uk.