Warning: Late repayment can cause you serious money problems. For help moneyhelper.org.uk | Representative APR 89.9%
Warning: Late repayment can cause you serious money problems. For help moneyhelper.org.uk

£1,000 Loans available at Sunny

Below you’ll find all you need to know about applying for a £1,000 loan at Sunny

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A £1,000 loan may be exactly what you need to cover the cost of an expensive emergency. Here at Sunny, lenders offer short-term loans up to £2,500 with a repayment period of 3 to 36 months to help you spread the cost of that emergency expense.

Short-term, £1,000 loans are a great alternative to the traditional credit products from payday lenders. They offer a little more flexibility and a little less stress when it comes to paying back what you’ve borrowed. The longer repayment term means that each payment you make should fit into your budget.

Representative 89% APR

Representative Example: Borrowing: £1000 for 18 months, Total Repayable: £1853.43, Total Interest: £853.43, Interest Rate (Variable): 89.9%. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. Loan term lengths from 3 to 36 months. Subject to lender’s requirements and approval.

Sunny Loans is a registered trading name of Upward Finance Limited, who is an introducer appointed representative of Flux Funding Limited, who is a credit broker, not a lender. Loan repayment terms are 3-36 month loans.

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

£1,000 loans online information hub

We’ve answered some of the most common questions around £1,000 payday and short-term loans here, to help you decide if this amount and type of loan is right for you and your situation.

  • Payday loans are a short-term solution with a very short repayment window. You will need to pay back the amount borrowed on the date(s) agreed with the lender to ensure you don’t have to extend your repayment period with a rollover or fall behind on your payments, and more interest is accrued.

    Interest rates for payday loans vary depending on the lender; some may charge more than others, but all are in line with the interest caps laid out by the FCA, which regulates payday and short-term loans. Borrowing of this type is an expensive form of credit that may be appropriate for short-term financial needs but is not appropriate for longer-term borrowing or if they are in financial difficulty.

  • An emergency expense may have arisen but perhaps you don’t have the option to use savings or borrow from friends and family. In this case, a payday loan could get you the funds you need to cover the cost.

  • This depends entirely on the lender you choose but if you opt for a short-term loan via Sunny, you could have the money in your account soon after your application is approved.

  • Before applying for a loan with any lender or broker, there are a few things you must check first.

    • It’s a good idea to check that the price for the loan is the only price you pay and make sure you understand and can afford any additional costs. Some lenders charge for late payments or even add admin fees to the cost of borrowing, so it’s best to look for one that doesn’t have fees.
    • Check that the lender or broker is authorised by the Financial Conduct Authority (FCA) and appears on their register of approved firms. This means that the FCA has reviewed their practices and has authorised them to provide regulated services.
    • Applying with a broker. Applying for a loan through a broker means that you are searching multiple lenders to ensure you get the best deal. Remember, you should never pay any fees when applying for a loan.
  • It is possible to get a loan if you have bad credit but usually, this will be for smaller amounts. Before you apply for a loan, take a look at your credit rating and carefully consider if you will be likely to be accepted. If you apply for too many loans and are rejected, this can have a negative impact on your credit rating.

    Sunny, however, offers access to something called soft search, which means you can put in an initial application to determine how much you’ll likely be able to borrow and this won’t be noted on your credit report. Soft search allows our partner’s panel of lenders to access your credit report, to determine how much you are likely able to borrow and they won’t leave a marker behind that could impact your credit score.

More information on £1,000 payday loans

A £1,000 payday loan could be a lifeline when a costly expense arises. A big repair on the car could cost close to £1,000 or perhaps damage to your home from a flood or storm needs urgent attention before your insurance claim goes through.

However, it’s very important to remember that loans come with interest, so when you repay your loan, you will be paying back more than you originally borrowed. Always ensure you check how much this will add to the total cost of your loan before you go ahead to ensure you can comfortably manage the repayment.

Payday loans can get you the cash you need quickly but short-term loans allow you to repay what you’ve borrowed over an agreed period of time. If you choose to apply through  Sunny, you’ll receive a payment schedule from your lender that shows you exactly how much you’ll be repaying on a monthly basis. Lenders also offer payday loans over £1,000, up to the value of £2,500, and with repayment periods of up to 36 months depending on how much you borrow, so you can find the cash you need for most emergency expenses.

Eligibility for a £1,000 loan

All lenders have their own set of eligibility criteria that customers must adhere to before their application can be reviewed. When applying for a £1,000 loan, most lenders will ask that you meet the following basic criteria:

  • 18 years old or above
  • A UK resident
  • Not bankrupt or insolvent
  • Able to supply details of your income, address for the last three years and your bank account and debit card
  • Happy to have a credit and affordability check conducted on you.

How one of Sunny’s £1,000 loans can help

Are you now considering a £1,000 short-term loan via Sunny, with a repayment period of six months? Before you apply, take a look at some of the added benefits that come with a loan from one of the lenders below

You can get the £1,000 you need transferred directly into your bank account on the same day if you are approved for a short-term loan.

We don’t charge any fees when you apply for a loan.

It takes just a couple of minutes to apply and you will receive an instant decision.

Ready to apply?

Feeling confident that a loan from Sunny is the right choice? Hit the button below to apply today and receive the money you need quickly, if approved.

Apply now

Representative 89% APR

Looking for alternative lending options? 

Want to do a little more reading? Take a look at our guides below to find out more about short-term loans, as well as what to do if you have bad credit or are looking for instant cash loans.

Other Lending Options