Borrow Money

If you need to borrow money read on to find out how Sunny can help

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Unexpected expenses arise without warning, catching you off guard, and usually at the worst possible time. Whether your car breaks down out of the blue, or your washing machine needs a new part, the funds in your bank may not always be sufficient to cover these costs along with other essential expenses before your next payday, meaning you might be looking to borrow money.

In this type of situation, you should assess whether your savings will cover it, if you can wait until your wages land to resolve the issue, or if a friend or family member can help out.

If these options aren’t available to you, then you may need to borrow money. In this guide, we’ve taken a look at how Sunny can help if you need to borrow cash to cover an emergency situation.

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 partners 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.

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

Borrowing money FAQs

Borrowing money is not a decision to be taken lightly. We’ve created some frequently asked questions that might help you when considering when you need to borrow cash online and take out a loan.

  • You can borrow money quickly online from a lender, and if you are accepted for a short-term loan, you could receive the money on the same day#. You can also check how likely you are to be approved, before you apply for some loans. Use our free eligibility checker to see if you’re likely to be approved, without damaging your credit score!

  • Before applying for any credit product, it’s a good idea to first consider the alternatives to taking out a loan. These could include using savings or asking a family member or friend to help. If applying for a loan is the only option available to you, thoroughly research lenders to ensure your chosen company is the best place to borrow money.

  • Before filling out any applications, it’s helpful to know exactly what you are looking for and over what time frame:

    • What is the nature of the expense? Is it necessary? Is it urgent?
    • How much do you need to borrow?
    • How soon do you need the money?
    • Are you eligible to apply?
    • How soon will you be able to repay what you’ve borrowed, and can you afford the interest on top?
    • Do you want to pay back what you’ve borrowed in one lump sum or in monthly instalments?
    • What are your existing debts, and can they and the new debt be managed simultaneously? 

    If you feel confident that you can manage the debt and that the loan won’t negatively impact your current situation, then it may be the right solution.

  • This will involve you looking into your basic income and expenses each month and, based on how much you have left over, deciding whether you can afford to add the cost of a loan repayment to these. Budgeting may be a great way for you to figure out your monthly outgoings and what you have to spare each month! If the loan stretches you financially and means you will have to cut back on or delay payment for other essentials, it may not be the best choice for your situation.

    Knowing your budgeting basics can help you understand your finances and make sure you’re making the right decision for your situation. Check out our 3-step guide to budgeting here.

    Answer all of these questions before applying to borrow money to help you decide who to apply for a short-term loan with.

  • Here at Sunny, you can apply for personal loans from £100-£2,500. So, no matter what your emergency is, we’ve got you covered. Flexible repayment periods mean you can pay back your loan over 3-36 months, allowing you to work it around your current situation. You can also pay back your loan amount early with no extra fees if needed. However it is important to be aware that the interest rates for your loan will be dependant on the amount you borrow and how long you borrow it for, which means that longer terms can result in you paying more interest than you would if you had a shorter repayment term.

Online lending at Sunny

At Sunny, we make sure that applying for a loan is a simple, easy process. After a short online application, you will usually receive a decision straight away from one of the lenders on our broker partner's panel, and if successful, money will be deposited in your bank account fast. Here are a few more of the benefits of applying for a loan via Sunny.

Once approved, your loan could be in your bank account today# - allowing you to pay for an emergency expense without delay.

We don’t charge fees, so you can rest assured that you will only pay back the amount you borrow and the interest.

You can select the repayment period to suit your budget and ensure your repayments are set at a time that suits you.

More information on borrowing money

If you choose to borrow money, the most important thing is to ensure you can repay the loan, plus the additional interest charges. Not only is it a part of the contract you will sign a legal obligation, but failing to do so can result in penalties. For example, some lenders will charge late fees if your payment is not made on time.

Our partner’s lender panel offer loans that have no fees, guaranteed

Apply to borrow money online today

If you need to borrow money and feel confident that you can afford to repay a loan plus interest, you can apply for one at Sunny today. Click the Apply Now button below to go straight to our application form and you will get a decision instantly.

Apply now

Representative 89% APR

Looking for alternative lending options?

Still need more info when it comes to borrowing money? Take a look at our other guides that break down the circumstances for taking on a loan and when one might be right for you.

Loan Guides