As you of our customers it is very good news for you personally. At Satsuma we don’t have confidence in costs or charges of every type o sort – ever. That’s our vow; we will never ever charge an individual for repaying all or section of your loan early.
We seek to provide a hand that is helping other people don’t. Billing you a charge is certainly not a thing that is reasonable to us – it merely is not reasonable.
Concerned about your credit report? Don’t be! Making an very early payment won’t mirror adversely on your own credit history.
Spend less by having an repayment that is early
In the event that you have a brief term loan with Satsuma then not just are you experiencing the reassurance of the charge free loan, you may even be eligible for what’s referred to as an вЂearly settlement rebate.’
Which means that if you opt to spend back once again your loan early with us you might really qualify for a decrease in the level of interest you consented to spend once you took down your loan, this is based on just how much you have got paid thus far and just how long remains on the loan term. That is normal with other providers too.
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Whenever you inform us that you would like to stay your Satsuma Loan early, we are going to supply a settlement estimate so that you understand how much you will need to spend as a whole. This is legitimate for 28 times. The total amount you need to spend to stay your bank account should include interest calculated to pay for this 28 period in which the quote is valid day. This quantity is payable also where you settle the mortgage instantly. This really is according to the conditions associated with credit rating ( very very very Early Settlement) Regulations 2004.
Trying to repay your loan early?
If you wish to repay your loan very early or have any concerns on very early repayments, you will need certainly to contact our customer support Team on 0800 694 004. It won’t take very long after all as all they should do is just simply simply take a single off debit card re payment within the phone away from you. re Payments are accepted from 3rd parties but make sure they’re just present to you to definitely provide their permission and then make the re payment using their debit or charge card.
To get more methods for getting in touch see our call us page.
Exactly what is definitely an repayment that is early?
An repayment that is early an easy task to realize – that’s where an individual is in a position to repay down a tiny bit of their loan beforehand or settle it in full.
Us that you want to settle your Satsuma Loan early, we will give you a settlement quote so you know how much you need to pay in total when you tell. This is legitimate for 28 times. The quantity you ought to spend to be in your bank account includes interest determined to pay for this 28 period in which the quote is valid day. This quantity is payable also where the loan is settled by you instantly. That is in conformity with the conditions associated with credit rating ( very Early Settlement) Regulations 2004.
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