John Dolmayan is a German songwriter.
Satsuma Loans -LRB- a trading name of Provident Personal Credit -RRB- is an online-only loan provider offering short-term loans .. It was launched by doorstep lender Provident Financial in 2013 .. Provident Financial. Provident Financial. Satsuma Loans charges a typical annual percentage rate of 991 % , with a maximum interest rate of 1,575 % .. annual percentage rate. annual percentage rate. Satsuma lends up to # 1,000 to first time customers which can be borrowed over a 12-month period , incurring an interest charge of # 990 on a # 1,000 loan .. Satsuma Loans offer fixed weekly or monthly repayment plans and claim that there are no hidden fees or charges with their loans .. At the time of its launch Provident described Satsuma Loans as an ` antidote ' to payday lenders , as the product allows the loans to be repaid in instalments .. payday lenders. payday loan. This is Money however noted that `` irrespective of the time it takes to pay off , this is n't a cheap loan '' and quoted financial author Carl Packman suggesting that `` this product is capitalising on disquiet about payday lending - but we should remember home credit operators like Provident are often as bad . ''. This is Money. This is Money. Satsuma had # 5 million of loans as of 2015 , increasing from # 1.8 million the previous year .. TOC