Satsuma do state what interest they will charge and that most of the interest is payable early on in the agreement. You do have 14days to cancel the loan if you provide it in writing. I paid £43 interest on a £900 loan after providing notice to terminate the credit agreement on the 13th day from e-signing. Still quite a lot of interest for just a couple of weeks borrowing but it suited my purposes and saved me a headache. I have done this on two occasions. In my view it helps me overcome a temporary shortfall and still nets Satsuma a good level of interest for the short duration. A win - win situation possibly? It appears not for Satsuma who are no longer offering me any size loan when I apply any more. It would seem they don’t like short term lending (certainly not within the 14day cooling off period) and are only interested in locking customers in to that early high interest agreement where the bulk of the interest is taken during the first month/s of the loan. For me it really illustrates just what unscrupulous types of people are behind these high risk, high interest loan companies. Sunny and SafetyNet Credit do not penalise customers for early repayment/settlement. SafetyNet Credit also increase your borrowing limit for a good repayment history. So in short Satsuma Loans (owned by Provident) can go sling their hooks! I’ve requested my personal information be removed from their system.