Short term payday loans with no fees

Learn more about short payday loans in this guide from Sunny

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Many households in the UK, unfortunately, don’t have any savings – 15% according to data from Finder. This means that if a life emergency should strike before payday, then money can be a little tight and people may resort to applying for a short payday loan.

These loans can be helpful if you only need a small amount of cash and are confident you can clear what you have borrowed, plus interest when you have been paid. However, there are some things to consider before you go ahead. In this guide, we’ve looked into short payday loans, what they can be used for and the alternatives available.

What can a short payday loan be used for?

There are many reasons why you may need a payday loan, such as:

  • If a necessary home appliance breaks, such as a washing machine or fridge, and you need an urgent replacement.
  • If you need to pay for car repairs.
  • If you need to cover the cost of emergency travel.
  • If you receive an unexpected bill or fine that needs to be paid immediately.

Ultimately, a loan can be used however you wish but it’s important that you only take one on if it is necessary, you have no other option and you are confident that you can afford the repayments.

Representative 89% APR

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

Short loans - Your questions answered

Take a look at the questions around payday loans that we have attempted to answer below.

  • You do have other options and we recommend that you consider these before applying. You could speak to friends and family and seek support from them, use a 0% interest credit card or even a short-term loan such as those available through Sunny that can be paid back over a longer period of time.

  • Most payday lenders offer payment periods of 35 days but some offer up to three months. It depends on who you choose to apply with.

    A short-term instalment loan offers a much longer repayment period. Sunny’s broker partner, for example, works with a panel of lenders whose loans can be used for an emergency cost in amounts from £100 to £2,500 and these can be paid back over 3 to 36 months, depending on the amount borrowed.

  • We know that time is of the essence in an urgent situation and most lenders claim they can transfer the loan within the hour if you are approved.

  • The main difference is that a payday loan will likely need to be paid back within a month, while a short-term loan can be paid back over a longer period of time. Both loans should only be used to alleviate a short-term problem, not to deal with longstanding financial issues.

  • When choosing a lender there are a few things to look out for: they must be FCA registered and approved, they should offer a loan in the amount you need and at an interest rate you can afford repayments on and ideally there should be no fees to worry about or contend with during your time with them. Take a look at our range of guides on the lenders out there, that could help you work out who may be best for you.

  • Before you apply for any type of credit, it’s important you check the eligibility criteria for the lender you want to borrow from. Each lender has a set of requirements borrowers must meet before they can be considered.

    At Sunny, for example, our broker partner’s lenders require our customers to be 18 years of age or older, UK residents, not bankrupt or otherwise insolvent, with a regular income and to have access to a bank account and debit card. Meeting these requirements doesn’t guarantee you will be accepted for a loan, as credit and affordability checks give lenders a clearer picture of your financial history, however, they’re a good start.

Ready to apply?

Think Sunny may be the right company for you? Apply today and discover how much you could borrow, without any impact on your credit rating. Our partner's lender panel uses soft search technology which allows them to check your report and financial history but doesn't leave a mark, so you can get an instant decision with minimal risk. Try it out via the link below.

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Representative 89% APR

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