Emergency Loans

Learn more about emergency loans through Sunny here.

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Life has a way of throwing a curveball when you least expect it, but emergency loans can help you get back on track. You can get an instant decision and have money transferred straight into your bank account on the same day#, if approved.

With Sunny, you can apply online for an emergency loan and choose any amount that you may need to borrow, from as little as £50 to £5,000. With flexible repayment schedules from 3-36 months and bad credit accepted, our partners panel of emergency loan direct lenders can help.

What are emergency loans?

Emergency loans, also called urgent loans or crisis loans, are made for unexpected emergencies that come your way and you need a loan urgently to cover any costs right away. These emergency cash loans are made for short-term borrowing and can help you get back on track despite what life may throw at you. Whether your car or boiler needs fixing, or you need a little to tie you over until payday, urgent loans offer instant decisions.

I need a loan urgently; how do I get one?

If you need emergency cash, getting a loan is easy. First make sure that you are eligible to receive one, then apply online for an emergency loan with our easy-to-use application. You can select how much you need, a flexible repayment period and use this to compare interest rates as well. With soft searches to see how likely you are to obtain one, you can then submit your application to a panel of urgent loan direct lenders, and if you are approved you can get your money the same day#.

Are you eligible for an emergency loan?

Like any loan, there are a few requirements you’ll need to meet to be considered eligible to apply. We’ve broken some of these down below:

  • You must be over 18 years old
  • You must be a UK resident – This means you will need to have a permanent UK address you can provide proof of.
  • You must have a regular income – You need to have a way of paying back what you have borrowed, so we will ask you to confirm the details of your income, and expenses.
  • You must agree to a credit check – As part of our application process we will conduct a credit and affordability assessment. By applying, you consent to this.
  • You must not be bankrupt or otherwise insolvent – If you’ve recently claimed bankruptcy, have taken on an IVA or are currently in a debt management plan you will not be eligible for an emergency loan.

Meeting these requirements doesn’t guarantee that you will be accepted for a crisis loan as your credit score is also taken into account, but it can give you an idea if you can get an emergency loan or not.

What about emergency loans for bad credit?

If you have poor credit and need emergency cash, don’t worry. You still can get an urgent loan for bad credit as we understand that everyone’s financial situation is unique. When you apply, we will do a soft search first so you can see your likelihood of being accepted, this doesn’t affect your credit score. If you proceed, our partners panel of emergency loan direct lenders will run a credit check just to make sure you are a responsible lender, but other factors are looked at as well. So, having a low credit score won’t prevent you from borrowing.

It’s important to note that while we offer emergency loans for bad credit, your score does impact how much you may be able to borrow and the interest rates. For more, read about bad credit loans.

Can I get an emergency loan with no credit check?

No, the Financial Conduct Authority demands that all urgent loan providers conduct credit checks no matter how much you want to borrow. When applying for an urgent cash loan lenders first run soft checks which don’t harm your credit score, but run both hard credit checks and affordability assessments if you proceed with the loan. If a lender is offering you am emergency loan with no credit check, they aren’t regulated. If you’re worried about a low credit score, don’t worry as you can still get an emergency loan with bad credit.

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.

Emergency loans information hub

Emergency loans are there for unexpected costs and urgent situations, ready to help you pay for your expenses and then you can repay what you’ve borrowed shortly afterwards, once payday rolls around. Here we’ve answered some questions about emergency loans to help you decide if this is the best option for you.

  • We recommend looking into an emergency loan when you’ve exhausted all other financial options – such as borrowing money from a family member or friend, or using savings. Emergency loans are there for the moments when there is no other option, to help you pay for an unexpected expense before payday arrives. Then, once your wages are in your account you can pay back what you’ve borrowed. 

  • It’s important that you only take on this type of loan in an emergency situation when you have exhausted all other options. Should you decide an emergency loan is right for you, then you can use the money to cover that unexpected expense.

    You can use an urgent loan for any emergency situation or crisis such as the boiler breaking, the car needs fixing or even paying an extra bill that you can’t currently cover. Any expense that you haven’t accounted for and have little or no savings to cover it, a crisis loan can help you get the emergency cash you need. While you can use urgent loans for any personal use, we don’t recommend using it to pay off debts, other lines of credit, or help with long-term financial problems as this can lead to financial strain.

  • This depends on how much cash you need urgently, and while we only recommend you borrow the exact amount you need to not risk being in financial stress, you can borrow from £50-£5,000 through Sunny. Just note that your credit score and ability to pay back on time affect how much you will be able to borrow and how much interest you will pay back.

  • Emergency loan repayments work similarly to other types of loans and we offer flexible payment plans to suit your situation. On your application, you not only select how much you need but over what length of time from 3-36 months. This means that you will have an agreed payment date over a monthly period, and if you wish to pay off your urgent loan faster, you can make early repayments without any extra costs and save money on interest fees.

  • No loan is guaranteed for approval, even a crisis loan where you need emergency cash the same day. You will still need to go through the correct assessment in our application process. However, our application gives instant decisions and if accepted you will have your urgent loan in your bank account as fast as possible.

  • This depends on your circumstances and the urgent loan lender. It might be possible to take out multiple crisis loans, but we will always ensure your affordability, credit score and how much you are borrowing overall. Just know that taking out too many loans over some time is unsustainable, could lead to financial stress, and can impact your ability to take out another emergency loan.

More information on emergency loans

Emergency loans are designed to cover the cost of something unexpected.

At Sunny we offer access to anything between £50-£5,000 from our broker’s panel of lenders, catering to any urgent loan you need. And if your application is accepted, you can have your emergency cash loan fast.

It’s important to note that emergency loans may have higher APR rates than standard loans, because they are only meant to be taken on a short-term basis. While the reason you need to take out a crisis loan can vary, the idea is that you repay what you borrowed within a few months.

If you need money fast, an emergency loan may be a good choice if you’ve explored other options and haven’t found a solution. Ensure you find the best deal for you and only borrow the amount you need – applying for more money than you require can lead to issues when it comes to paying it back as larger amounts mean higher interest.

Why choose Sunny for your urgent loan

Sunny is here to offer a lifeline in an emergency if you have an urgent need to borrow money. We know how important it is to feel financially secure, which is why our partner's panel of lenders are there to help and also doesn’t charge fees to ensure you don’t find yourself owing more than you thought. Here, we’ve broken down a few ways Sunny can help you.

Lenders understand the urgency of an emergency and can get the money to you fast.

We don’t charge fees - so what you see on your repayment schedule is what you’ll pay. You won’t pay a penny in admin charges.

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

Apply for emergency loans online

If you feel like you need to get money urgently, then Sunny can help. Lenders provide you with an instant decision, so you know where you stand quickly, and can clear those unexpected payments straight away.

Apply now!

Representative 89% APR

Looking for alternative lending options?

If you want to know more about emergency money loans for bad credit or instant cash loans then click on the links below to find out more about loans for these circumstances.

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