Borrow Money Online

Borrow Money Online

Representative 1281% APR

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

You can never predict when an emergency expense could come your way. Whether it’s the car breaking down on the side of the road or the washing machine needing a new part, sometimes what’s in your bank may not cover this plus other essential expenses before your next payday.

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.

Eligibility for a short-term loan

If you are confident you need to borrow money, you should check you meet the lender’s eligibility requirements before applying. If you want to borrow money from 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 with Sunny.

Applying for one of our loans means you agree for us to carry out a credit and affordability check; this looks at your credit report and past history of managing money, and assesses whether you have enough space in your budget to afford repayments on a loan without having to forego other essentials.

Find out more about our eligibility requirements below.

Example of a loan from Sunny

Use our sliding calculator to see how much interest you will pay if your borrow money from Sunny. Choose different loan amounts to see the total amount repayable and decide what you can afford in an emergency situation.

You can also select different repayment periods to find out how much you could save in interest if you were able to repay more quickly than the schedule in your agreement. You’ll have the option to set up a schedule that enables you to repay early as part of the application process.

Monthly Rate
24 %

Based on a 30 day month

Loan Term
6 Months

The loan term is fixed but you can repay early at any time

Representative example
£100 for 6 months
Interest rate
292% pa (fixed)
6 repayments of
Total amount repayable
1281% APR
Max APR   %

When to borrow money – the information hub

Here, we’ve answered some questions you may have when you need to borrow money, to ensure you’re making the right decision.

You can borrow money online from a lender such as Sunny. However, before applying, 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.

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.

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

How Sunny can help

At Sunny, we make sure that borrowing money is a simple, easy process. After a short online application, you will usually receive a decision straight away and if successful, money will be deposited in your bank account fast. Here are a few more of the benefits that come with our loans.

Once approved, your loan could be in your bank account in 15 minutes – allowing you to pay for an emergency expense without delay.

We don’t charge fees, even if you are late making a payment. Everything you’ll pay back, and when, is laid out clearly for you, so you always know what’s coming.

If you borrow money from Sunny, you can manage payments and your account online. Adjust your repayment schedule or make additional payments through our online portal to clear what you owe faster and save money on interest.

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 and 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.

Others, like Sunny, do not charge fees, but failing to make your payments on time or at all will still negatively affect your credit score. If you remain behind on your payments for long enough, your lender could register a default on your credit report, which will remain there for six years.

They may also assign a third party collection debt collection agency to take ownership of your loan agreement and collect future payments from you.

Our loans have no fees, guaranteed. You don’t have to worry about late repayment fees, application fees, or admin fees. We also give you five days to change your mind* and repay what you’ve borrowed with no charges and no interest. All you have to do is call to let us know.

We have flexible repayment options that allow you to pay more each month if you wish. By repaying earlier, you can save money on interest, as we charge and add interest to your account daily.

Sunny customer testimonials

We have some happy customers here at Sunny, which is reflected in our testimonials and TrustPilot score**. Take a look at these below, to help when deciding who to borrow money from.

Got everything you need?

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

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.