Borrow Money

How Do I Borrow Money Online

Here at Sunny, you can apply for any amount from as little as £100-£5,000 and a repayment period from 3-36 months. With our panel of direct lenders, you can borrow money online today through an easy process.

• Review your credit report – Check this carefully to make sure all your information is correct, and work with companies and Credit Reference Agencies to correct any mistakes, or add a notice of correction.

• Understand the interest rate on the loan you want – You should always ensure that before you take a loan, you understand what you can borrow and how much the interest payable will be. Use the slider in our example loan section to see how much you’ll repay for the different loan amounts we offer, or read through our guide to find out more about interest on short term loans.

• Check your eligibility – Make sure you meet our basic eligibility criteria as detailed below. With Sunny customers can also find out how likely they are to be approved before applying. Click here to fill in your details to find out if you’re likely to be approved with no impact on your credit score. 

• Complete your application – If you’re likely to be approved you can submit your application, and the lender will carry out a hard credit check and affordability assessment.

• Receive your money – If approved for a loan, you could have the money today^#!

Am I eligible to borrow money?

If you are confident you need to borrow money, and wish to take out a loan, we can help. You should check you meet the lender’s eligibility requirements before applying. If you want to apply to borrow money via Sunny, we ask that you are:

• 18 years old or above
• Living in the UK
• Receiving a regular income and can provide proof of this
• Using a bank account and debit card
  

You will also need to:

• Provide your address history for the past three years
• Have a working email address and mobile phone

However, these don’t automatically guarantee you will be accepted for a short-term loan.

Applying for a loan means that you agree for lenders to carry out a credit and affordability check This is where a lender will looks at your credit report and how you have managed money previously. They will then use this to assesses whether they believe you have enough space in your budget to afford repayments on a loan without, having to forego other essentials.

Can I borrow money with bad credit?

Yes, you still can borrow cash online with bad credit. If you have poor credit, you may have smaller choices of lenders and the amount you can borrow as well as having higher interest rates. It’s a good idea to check your credit score and eligibility to borrow money with our soft search, this shows how likely you are to be accepted. While your credit score is looked into, other aspects are looked at, so you won’t be denied just because of a low score.

If your circumstances allow you a little less urgency, it could be a good idea to, and work towards improving your score before you apply. However, we understand that not every situation allows for this kind of preparation and things can sometimes pop up unexpectedly. In an emergency when you don’t have time to build your credit rating first, applying for a smaller sum of money or choosing a lender who specialises in customers with bad credit may help improve your likelihood of being approved.