Short Term Loans

Short Term Loans

from £100 to £2500

Representative 1266% APR

Below you’ll find all you need to know about Sunny’s short-term loans

A ‘short-term loan’ is, as its name suggests, a loan with a relatively short repayment period. This can range from around as little as a week to a number of months depending on the lender. This is considered short-term compared to traditional personal loans which usually have a repayment period of a year or longer.

Short-term loans can help borrowers with emergency expenses that may suddenly arise. For example, if you need to urgently repair your car or fix a broken boiler and do not currently have the money to cover it, an emergency short-term loan could be a helpful solution. This type of loan allows you to spread the cost out over a few weeks or months, without committing to a long-term contract.

If you’re looking to get a short term loan, we’ve created this guide detailing why you might choose one, what they involve and why Sunny may be the best fit for you and your circumstances.

Eligibility for an alternative to a payday loan

To be considered eligible for a short-term loan, you need to tick a few boxes. You must:

  • Be 18 years old, or over
  • Be a UK resident
  • Have proof that you have a regular income
  • Be able to give details of your address for the past three years
  • Supply the details of your bank account
  • Have an email address and a mobile phone
  • Not be bankrupt


We will also need to conduct a credit and affordability check. We do this to ensure that you have managed repayments well in the past, and that you can comfortably pay back what you wish to borrow now. We look to support our customers with our “life support” offering – this means only providing short-term loans that they can make repayments, without experiencing financial difficulty.

Example of one of Sunny’s loans

Before you take out a short-term loan, it’s important you look into how the costs break down to see how much interest you will be paying and what the total amount repayable will be. To help, we’ve created this sliding calculator. Select the amount you want to borrow, and how long for, and see a breakdown of how much this will cost on a monthly basis to pay back, as well as how the length of time you wish to repay over affects the total cost. Explore the different options available using the calculator below before you apply for a short-term loan.

Monthly Rate
24 %

Based on a 30 day month

Loan Term
6 Months

The loan term is fixed but you can repay early at any time

Representative example
£100 for 6 months
Interest rate
292% pa (fixed)
6 repayments of
Total amount repayable
1266% APR
Max APR   %

Short-term loans information hub

We’ve answered some of the most common and important questions around the best short-term loans and what to ask before taking one out. Read through these before hitting apply and feel confident that you are taking on the right loan for you.

A short-term loan should be used as a solution for a problem that needs resolving fast. This could be a something like a family or work emergency, or needing to pay for something in the house that needs urgently fixing. It should not be used as a long-term solution to financial needs. If you need any help with your finances, we recommend you seek impartial debt advice from a not-for-profit organisation like Stepchange the Money Advice Service.

We offer an instant decision on your application and our credit checks help us decide whether to offer you your emergency loan. If your credit score is low or you have a limited credit history this can affect your chances of being accepted. Take a look at our eligibility page before making an application and read about bad credit and short-term loans in our in-depth guide here.

You can get a loan with bad credit, however you will find that the amount you are able to borrow may be affected by your credit score and history. We have more information on bad credit and loans here, in our detailed guide.

Your credit score is a useful number that gives you an impression of how a lender may view an application you make to them. It takes into account information such as court records, electoral roll information, the number of other searches on your file, addresses you’re linked to, bank accounts, loans, mortgages, utilities and mobile phone contracts.

However, while it’s useful to check your credit score to understand how your financial history stacks up, it’s important to remember that this number is only an impression of how a lender may view you. Each Credit Reference Agency uses their own credit scoring system to show you how good or bad your score is in their eyes, and they interpret information differently. When you apply to a lender, they will analyse the information in your credit history, rather than the score the Credit Reference Agency ascribes to you, to assess your application.

A less-than-perfect credit score won’t necessarily exclude you from being able to borrow from a short-term lender, though. Even if you have some financial history that could be viewed as unfavourable, our short-term loans could still be an option for some borrowers.

Applying for a loan with Sunny is quick and easy. You apply online by providing us with details such as your name and date of birth, your address, and your bank and employment details, and income and expenditure information. We will then carry out a credit and affordability check. These checks are in place to ensure we aren’t lending someone more than they can comfortably afford to repay. They only take a matter of minutes to complete online.

Click here to read our full FAQ page

How Sunny can help

At Sunny, our short-term loans come with a number of benefits that can make repaying what you’ve borrowed simple and stress free. Take a look at the details of our features below.

When you apply for a short-term loan you can get an instant decision and the emergency money you need transferred into your bank account in just 15 minutes, if approved.

We don’t charge any fees. This means you won’t need to factor in any additional costs such as admin or application fees and we don’t issue a charge if you are late making a repayment.

We understand that circumstances change, so if you realise you don’t need your loan simply call to pay it back in full within five days* and you won’t pay any interest.

More information on short-term loans

Because the duration of one of these loans is considerably less than other types of loan, the amounts borrowed are typically relatively small. These generally range from £100 to £1000, to help borrowers quickly get out of a temporary financial tight spot.

As with any loan, it’s important to research what you’re getting into thoroughly before making an application.

Most importantly, never borrow more money than you aren’t fully confident you’ll be able to pay back. To avoid financial difficulty and debt building up, try to avoid taking out loans on a regular basis. Borrowing money should be considered only when completely necessary.

Comments from Sunny customers

We love to receive feedback from our customers and we’ve had some great scores and testimonials shared on TrustPilot**. Check these out below to decide if Sunny is the right lender for you when you need a short-term loan.

Got everything you need?

You can find more information about general money management as well as tips on how to get the most out of your money, in our digital magazine – Good Vibes.

If you have any additional questions regarding our short-term loans or the application process, please visit our frequently asked questions section. Alternatively, you can contact us using our online live chat, Facebook, Twitter or email and we’ll be happy to help. For now, if you feel confident one of these loans is right for you, simply hit the apply now button below.

Looking for alternative lending options?

Whether you have bad credit and are wondering if one of these loans is right for you or simply want to know more about cash loans, click the links below to our in-depth guides to find out more.