Fast Loans from £100 to £2500

What is a quick loan? 

A quick loan means you can get the money you need to cover an unexpected cost without delay. At Sunny, our broker partner works with a panel of lenders who offer fast loans designed for situations like this. You can apply online and receive an instant decision on your application. If approved, you could get the money the very same day^#.

Online applications speed things up considerably. Traditional methods of applying for credit can be slow, as you wait for an appointment at an individual office or branch, and then wait to receive a cheque in the mail, or for instructions to go and collect your cash. Online applications automate a lot of these steps: you’ll face barely any delays at all before you receive your cash as a direct deposit into your bank account. Your research and your decision can happen in the same short period. And most often, if you’re looking for cash quick, you need it today – not tomorrow or in a few days’ time!

Online lenders can be a great choice when you have a pressing need for funds. Sunny can help with many of the reasons you may have for needing a quick loan. Read on to find out more about short-term loans and how one could help you should a financial emergency arise.

Eligibility for a fast loan 

When applying for any loan – whether it’s the payday type or a personal loan from your bank – you’ll need to check you are eligible first. If you want to apply for fast loans, you need to be over 18 years of age and a UK resident. Lenders also ask that you meet a number of other criteria, too, such as supplying proof of your address for three years and having an active bank account. You can find out more about all of our eligibility criteria by clicking “find out more” below.

It is important to us to ensure our customers can repay what they have borrowed and that the quick loan that solves today’s problem, doesn’t then become tomorrow’s burden. When you apply for a loan through Sunny, you give lenders consent to carry out a thorough credit and affordability check on you to make sure you are not only able to repay but can afford to make the repayments without sacrificing other essential obligations.

How do I get a quick loan? 

When you want to apply for a loan, you will fill in our on-screen application. Our broker partner’s panel of lenders then run a speedy but thorough credit check, other background checks and an affordability assessment to decide whether they can and should lend to you. Their initial checks, to offer an instant decision, won’t affect your credit rating as they use something called soft search to review your credit report that does not leave a mark.

If you’re happy and feel confident that you will be accepted for a loan after the instant decision, then you can continue your application and apply in full. Once your loan has been approved and money has been sent to you, it will be available in your bank account for you to spend or withdraw as you need. Most lenders aim to transfer your loan on the same day^#.

Lenders use Continuous Payment Authority (CPA) to collect your payments automatically on your due dates, so you can pay back what you’ve borrowed without having to remember to send money to pay each month.

A fast loan could help you pay for an unexpected car repair, a home emergency such as the boiler breaking down, or the fridge freezer not working, allowing you to clear these expenses with no delay. The loans we introduce customers to factor in your income and outgoings to make sure repayments you make are manageable and that you can comfortably afford them.