Small loans can be sent today.
Instant quote with a soft search and no fees.
Over 7500+ no-obligation quotes processed daily!
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.
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 apply to borrow money via Sunny, we ask that you are:
You will also need to:
However, these don’t automatically guarantee you will be accepted for a short-term loan.
Applying for a loan means you agree for lenders 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.
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.
You can borrow money quickly online from a lender. If you are accepted for a short-term loan, you could receive the money on the same day#.
However, 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:
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.
If you have bad credit, it can be difficult to borrow money. You may find that the choice of lenders who are prepared to lend to you is smaller, you cannot borrow as much money, and you have to pay higher interest rates.
When it comes to applying for a loan, whenever possible it’s important that you check your credit rating beforehand and work to improve this before submitting an application. In an emergency situation 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