Online Loans From £100 to £2500

Below you’ll find all you need to know about online loans from Sunny

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A quick, online loan simply refers to a loan you apply for online. By their nature, online loans are often both applied for and granted much more quickly than traditional loans. There is no extensive interview process, no visiting an office – just an online application form, a credit check, and the decision that follows. This type of loan usually will be of the short-term variety and is for relatively small amounts; at Sunny, our panel of lenders offer loans from £100 to £2,500.

These loans make it easier than ever to apply for cash, fast, but should only be used if necessary to cover emergency expenses and not to tackle long-term financial costs. Read on to find out more about the loans available online at Sunny, and whether one might be right for you.

Eligibility for an online loan

To be considered eligible for the loans available via our website, you must meet a certain list of criteria. Lenders will only accept applications from those who are 18 or above, a UK resident and in employment with a stable financial income.

You’ll also need to provide proof of your address for the past three years. We also ask that applicants have an active bank account, a working email address and can confirm they are not bankrupt. If you meet these criteria, then you will be eligible to apply for fast online loans. Please bear in mind, though, that lenders will also conduct credit checks and an affordability assessment to inform whether or not they approve your application.

Trustpilot

Representative 89% APR

Representative Example: Representative example: Amount of credit: £1000 for 18 months at £102.42 per month. Total amount repayable of £1843.60 Interest: £843.60. Interest rate: 89% pa (fixed). Representative 89% APR. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. Individuals with a good credit score may have access to cheaper interest rates. Interest rates associated with short-term loans tend to be higher than those of traditional personal loans. 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 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.

Online loans questions answered

Want to know more about online loans? We’ve pulled together the answers to some of the most common questions around these loans, to help when making your decision on how to get cash for an emergency.

  • How can I get a loan online?

    It’s as simple as checking through our eligibility requirements and then filling in the form on our site. We will then provide you with a quick decision from our panel of lenders, confirming if they have accepted your application or not. If you’ve been accepted they will then transfer you the amount you wish to borrow direct. In some cases, you could see this money in your account today, if approved.

  • Is my personal information secure with an online loan?

    We put a number of measures in place to make sure your personal information is kept safe and secure. However, we recommend you still remain vigilant with regards to the information you supply, and keep your password safe at all times.

  • Is an online loan a better choice?

    This all depends on your personal needs. However, if you need to borrow money fast and have access to a computer or mobile phone then an online loan could be the right choice. It allows you to instantly apply for the money you need in an emergency situation and cover any unexpected costs.


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Why Sunny could be right for you

At Sunny, we believe in honesty, transparency, and simplicity in all aspects of life - and loans are no exception. Our fast online process is clear from the start, so you know what you are agreeing to and most lenders offer, flexible payment schedules that allow you to repay early - either with regular overpayments or by making one-off additional payments to fit with your personal financial situation. Here are a few of the most important points about online loans:

You can get an instant decision on your application.

We don’t charge any fees. That means no admin charges or application fees.

We work with a market-leading panel of lenders to help customers, even if they have been turned down elsewhere.

More information about online loans

Online loans can speed things up. You don’t even need to worry about leaving the house or making a phone call. You simply fill in your details via a form online, which is then reviewed by a lender panel, and they will confirm whether you’ve been accepted or not, usually within minutes.

One of these loans can really help in an emergency situation, allowing you to get your hands on cash fast. However, we recommend you only consider applying for one when you’ve exhausted all other options – such as using savings or borrowing funds from a family member or friend who you can pay back in your own time. Online loans should not be used to cover the costs of a long-term financial problem. Instead, they are a quick fix for emergencies and should be paid back as soon as possible.

If you are experiencing financial difficulties, you may want to consider seeking out impartial third-party debt advice. Get in touch with a not-for-profit organisation such as Stepchange, or take a look at the Money Helper website.

Got everything you need?

We hope this guide has helped you make a decision when it comes to online loans. If you feel you need emergency cash and that this is the best option for you, hit the apply now button below.

Apply now!

Looking for alternative lending options?

Want to know more about online loans and the different situations they can help in? Take a look at our in-depth guides below.

Online Loan Guides