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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 broker partner’s panel of lenders offers 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.
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.
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.
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 partner’s 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.
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.
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.