Alternative to PiggyBank loans

Sunny loans, from £100 to £2,500, compared to PiggyBank

Representative 1266% APR

Discover how a loan from Sunny compares to those provided by lender PiggyBank

If you need to borrow money, it’s wise to do your research and shop around for a lender that offers the best type of loan for your needs. This is why we have created a comprehensive hub of lender guides, comparing our loans with what other loan providers are offering. This gives you a well-rounded overview of your options and hopefully makes it easier to choose the best lender for you.

Here, we’ve taken a closer look at PiggyBank, a direct lender of short term, payday loans, to see how they compare to Sunny and help you decide which would be better for your situation.

How much can I borrow from Sunny or PiggyBank?

With Sunny, you can apply for a short-term loan from £100 to £2,500, repayable over six to 14 months depending on the amount you borrow. This allows you to tackle a number of emergency expenses that you might find yourself faced with. And if you are approved we can transfer your loan in just 15 minutes.

PiggyBank offers loans from £100 to £1000. They offer two types of loans: a payday loan, and an instalment loan. Their payday loans range from £100 to £400, and if you choose this option, you’ll have between seven and 35 days to repay what you borrow. Their instalment loans, which range from £150 up to £1,000, can be repaid over a two to five month period. If you are a returning customer, you can borrow up to £1,500 as an instalment loan.

How do I know if I’m eligible for a loan with Sunny or PiggyBank?

Every lender has their own set of eligibility requirements, Sunny’s and PiggyBank’s are not dissimilar but we have listed them below:


Eligibility requirement Sunny PiggyBank
Age You must be 18 years old or over You must be 18 years old or over
Residency You must be a UK resident Residency You must be a UK resident You must be a UK resident
Income/employment You must have a regular income of £500 a month or more. You must be employed and work over 16 hours a week.
Bank details You must have a UK bank account with a debit card. You must have a UK bank account with a debit card
Contact details You must have a working email address and mobile phone number we can contact you on. You must have a working mobile number.


Sunny also offers new customers the benefit of a soft search****, to help them find out how likely they are to be approved before they apply. This kind of credit check does not leave a footprint on your credit report, and only you will be able to see the record of the search.

If you are likely to be approved and you do choose to go ahead and submit your application you will be subjected to a hard credit check – the kind that does leave a visible footprint on your credit report – and affordability checks. A hard credit check will also impact your credit score.

You can view Sunny’s full list of eligibility requirements here.

Sunny and PiggyBank are both online lenders, so applications to either lender must be made through their respective websites. You can apply using a computer, tablet, or smartphone.

As part of the application, you’ll need to provide information about how much you want to borrow and for how long, personal details such as your address history for the past three years, and bank information. You will need to supply both your bank account details - so that your chosen lender can deposit your loan if your application is approved - and your debit card details, which will be used to collect payments from you later on.

You can apply for a Sunny loan here if it is right for you.

When you apply for a loan with Sunny we can have the funds you need transferred directly into your bank account in just 15 minutes if you’re approved. Piggybank aims to pay out your loan within the hour of your application being accepted, which is still pretty fast, but is worth bearing in mind as it may not always be fast enough. For example, if you’re in a garage collecting your car and are faced with a larger than expected bill for the repairs, you need money in minutes!

Yes, you can apply for a loan with Sunny day or night, 365 days a year and we will provide you with a decision on your application straight away. You can apply for a PiggyBank loan online at any time, too. This means that with either lender, if you’re dealing with an emergency that needs to be paid for there and then, you can get the funds you need without delay.

This offers a little peace of mind in trying moments, and by researching lenders beforehand to select the best provider for you, you can act quickly when an emergency strikes.

At Sunny, we do not charge any additional fees when you choose us for a loan, and that includes late payment fees. All you’ll ever pay back is the amount you borrowed, plus interest. If you’re able to, you can also repay your loan early to save money on interest, with no fee for the privilege.

If you do miss a payment, bear in mind that interest will still be added to your balance. If you are struggling to keep up with your payments, it’s important to get in touch with our dedicated team so that we can help.

PiggyBank do charge a fee for late payments. If you haven’t made your payment three days after it became due, you will have a £15 late payment charge added to what you owe, and interest will also continue to be added onto your balance.

Sunny vs PiggyBank


Sunny PiggyBank
How much can I borrow? Sunny offers instalment loans between £100 and £2,500. With a PiggyBank payday loan, you can borrow from £100 to £400. With a PiggyBank instalment loan, you can borrow £150-£1000. Returning instalment loan customers can borrow up to £1,500.
How long do I have to pay back my loan? With Sunny, our repayment periods are from 6 months to 14 months. PiggyBank’s smaller payday loan can be paid back over 35 days. Their larger instalment loan can be paid over two to five months.
Do you perform a soft search? Yes, when providing your instant decision Sunny performs a soft search****. This poses no risk to you and allows you to give you an indication of whether you will be approved for a loan with us, without impacting your credit score. This is not a service that PiggyBank say they can provide.
How quickly can you transfer my loan? Sunny can transfer the cash in just 15 minutes, once you have been approved. A loan from PiggyBank will take up to an hour to reach your bank account.
Are you a direct lender? Yes, Sunny is a direct lender of short-term loans. Yes, PiggyBank lends directly to its customers.
Is there a cancellation period? Yes, Sunny offers the additional benefit of five days to change your mind****. This means you can pay back your loan within the first five days and not pay any interest. This is in addition to your statutory right of withdrawal. You can withdraw from your loan and credit agreement within the standard 14 days, as per your statutory right of withdrawal.


Comments from Sunny customers

We pride ourselves on our excellent TrustPilot rating. Take a look at our TrustPilot reviews** and score below to help when making your decision on who is the right lender for you.

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Have you carefully considered your options, and think Sunny is the best choice for you? Then hit the apply now button below and get your hands on the funds you need for an emergency, today.

Want to know more?

We’ve written a range of guides, comparing some of the top loan providers out there. Take a look at some more of these below.

***You have 5 days to change your mind and you won’t pay a penny in interest. Usage cap: this feature is capped at three times in any rolling 12 month period. This does not affect your 14 day statutory right of withdrawal.

****Soft search is currently only available to new customers. Our eligibility check will assess whether you meet our lending criteria. Even if you are eligible, we may still require proof of ID and/or proof of income before we approve the loan.