Cash Loans

Receiving a Cash Loan through Sunny

Some lenders offer physical cash but at Sunny, if your application is approved, your lender will directly deposit the amount you want to borrow into your bank account. If you need this as physical cash, you can then withdraw it from an ATM or your bank.

Short-term cash loans help during financial emergencies – from replacing a home appliance to unexpected bills, cash can be deposited in your bank account, fast. This means you can pay any surprise bills straight away, putting your mind at ease.

1. Once you have been approved, the cash loan will be deposited into your bank account straight away.
2. We don’t charge fees, so you won’t need to worry about extra upfront costs such as admin or application fees.
3. Most lenders will allow you to pay back early to save money on interest and manage everything from your application to your final payment through an online account.

Although lenders are quick, they will still only approve your application if you pass their fraud, creditworthiness, and affordability assessments.

We don’t charge any fees when you apply for a cash loan: the only thing you’ll need to repay is the amount you borrowed, plus interest. You’ll be issued a helpful repayment schedule too, which you should follow to make your repayments. You can click to apply here if this loan sounds like the right choice for you.

Eligibility for a Cash Loan

To be considered eligible for a cash loan you must:

• Be over 18 years old
• Be a UK resident
• Not be bankrupt or otherwise insolvent
• Have a mobile phone
• Receive a regular income
• Agree to a credit check
• Have a valid email address
• Provide your bank and debit card details
• Provide your address for the past 3 years

Approval is subject to a credit and affordability assessment of your application to ensure you can make repayments. Most lenders are required to carry out credit and affordability checks, and at Sunny, the process is swift so there’s no delay when you need money most.

Can I get a Cash Loan with Bad Credit?

If you have a poor or limited credit history, you may find it hard to qualify for a cash loan. Here at Sunny, we understand that everyone has different circumstances, therefore our panel of lenders do offer bad credit loans for people who may struggle to get a loan with poor credit. Take some time to read our guide on bad credit loans for more information on how to improve your credit score and improve your chances of being accepted for a cash loan.

What is the difference between a Cash Loan and a Personal Loan?

Cash loans are there for emergencies and are normally taken out at the last minute when no other financial support is available. They are different to other types of unsecured loans, like personal loans, which tend to be repaid over a longer period. They usually involve borrowing a larger amount of money, which is repaid in instalments. Personal loans are often used for planned expenses, such as a new car or a home renovation.

When is a Cash Loan a good idea?

You should only apply for a short-term cash loan if you feel confident that you will be able to comfortably afford to make the repayments on time for the duration of the repayment period. We also recommend that you ensure your reasons for applying are a true emergency. Always investigate alternatives, such as using savings, before applying for credit.

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