Same Day Loans

What is a same day loan?

Same day loans are, as their name suggests, loans that can be provided to you on the same day you apply. Also known as instant loans, they are intended to help with emergency or unforeseen circumstances. For example, if you need urgent car repairs, your boiler breaks down, or you’re experiencing a family emergency, a quick same day loan can be a helpful solution to see you through and help you spread the cost of the expense.

Eligibility for a same day loan

When looking into same day loans for an emergency, it’s a good idea to check if you are eligible to apply first. At Sunny, our customers must meet several criteria. First, you must be over 18 years old and a UK resident. You must also not be bankrupt or otherwise insolvent and in receipt of a regular income.

Our lenders will also need proof of your address and confirmation that you have an active bank account as part of the application. You’ll also need to agree to a credit and affordability check – this ensures you can make your repayments after you’ve received your loan and looks at your past credit history to help make a decision on your application.

• 18 years old or above
• A UK resident
• Receive a regular income
• Able to provide evidence of your address for the past three years
• Not bankrupt or otherwise insolvent
• Able to supply details of a bank account and debit card
• Able to provide a working email address and mobile phone number

Meeting these requirements doesn’t guarantee that you will be accepted for loans that pay the same day, as your credit score and ability to make repayments are also looked at before making a decision.

Can I get same day loans for bad credit?

Yes, here at Sunny, we understand all circumstances are different, and we offer access to bad credit loans for those with a poor credit history or none. With same day bad credit loans, you will have to go through soft credit checks in the application, but these don’t harm your score or stop you from borrowing.

To check your credit score, you can use one of the Credit Reference Agencies: TransUnion, Equifax or Experian. If you have a low credit score and you want to improve it to increase your chances of getting accepted for a same day payday loan, there are a few ways you can do so. Getting on the electoral roll, closing any old credit card accounts you are no longer using, making sure you repay all your bills on time each month and trying to keep well below your credit account limits will help.

How to get a same day payday loan

Getting a loan that pays out the same day is easy, as you can apply online with us. You can select how much you wish to borrow and the repayment period, and then we will pass your application to a range of direct lenders, who will run soft credit checks and provide an instant decision. If you’re accepted, your same day loan can be in your account by the end of the day, great for emergencies and situations where you need the money quickly.