Eligibility for a loan

Whoever you choose to apply for a loan with, there will be some eligibility requirements you need to meet. These may differ ever so slightly across lenders but usually, you will be expected to be at least 18 years of age, a resident of the UK and earn a steady income. You’ll also need to have access to a bank account and debit card and not be bankrupt or otherwise insolvent.

All reputable and FCA approved lenders will carry out a credit and affordability check on any customers applying for a loan through them. Sunny shines when it comes to this as we provide something called soft search, which means we check your eligibility on your initial application and this does not affect your credit rating. Only when you decide to go ahead and complete your application for a loan, will you see a note on your credit report.

Loan lenders information hub

Want to know more about lenders? We’ve answered some of the most common questions to help you make the right decision. If you have other questions before you submit your application online, our customer support team are also on hand to help.

  • A credit broker is a company that aims to set you up with a lender that can provide a line of credit, such as a credit card or loan. Brokers may have an arrangement with certain lenders on their panel to offer a better interest rate than would be available directly.

  • There are multiple ways in which a broker could profit from your business. The broker may charge an upfront fee for their services and then help you find the best deals available based on your needs and financial circumstances. They might also earn a commission from their lenders, this can be as a percentage or a flat fee.

  • Sunny is a direct lender. If you’re approved for a loan with Sunny, we will transfer the amount you have borrowed directly.

More info about lenders

We believe that before you decide on who to apply for a loan with, you should do your research and compare across a range of lenders. In these guides, you’ll learn which lenders charge unnecessary fees and who is the best choice if you need money for an emergency situation. This overview gives you plenty of food for thought so you can be confident you’re making the right decision.

In each guide, we take a look at what each lender offers and how this compares to Sunny. In many cases, lenders provide a similar service but you won’t find many offering loans with no additional fees, soft search and the ability to make payments over six to 14 months.

Short term loan lending examples

Get a better understanding of how much a loan from Sunny could cost over time, with our handy sliders below. Select different loan amounts and see how this impacts the interest rate over time. Once you’re ready, you can apply for a decision on the loan you’re considering, with no impact to your credit score.

Monthly rate
Based on a
30 day month
Loan term
The loan term is fixed but you can repay early at any time
The loan term is fixed but you can repay early at any time
Representative example
£ for months
%pa (fixed)
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No impact to your credit score

How a Sunny loan can help

Here at Sunny, our aim is to help you tackle unexpected expenses quickly so that you can get back to the important things in life. That’s why we believe our bad credit loans are the best choice for those who need credit now and have been turned away by their bank or other credit providers. When you choose Sunny, you also enjoy the following benefits.

  • Get the quick loan you need, in minutes

    Apply for one of our loans and receive an instant decision, even with bad credit. You could receive your cash in just 15 minutes of approval.

  • We never charge fees

    You don’t need to worry about those extra fees. There are absolutely no application fees, no admin fees and no late payment fees.

  • Save on interest if you repay early

    Unlike other loan providers, you can pay early and save on interest. Plus, it’s easy to manage your account online to stay on top of your upcoming payments, and even pay a bit extra or early.

Got everything you need?

Feel like you have a good understanding of lenders? Hit the apply now button below and receive an instant decision. Once we’ve approved your loan, you could have the money in your account in 15 minutes.

Apply today

Representative 1267% APR

With Sunny, good vibes come as standard