Small Loans

Below you’ll find all you need to know about small loans at Sunny

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Sometimes an unexpected charge or bill can come out of nowhere and the money left in your account until payday just won’t cover both the payment and your everyday living costs. Even a relatively small expense that you didn’t see coming can leave you struggling to find the funds, which is where a small loan can come in handy. At Sunny, we offer access to loans from as little as £100 right up to £2,500.

Eligibility for a small loan via Sunny

As long as you are a UK resident with a UK bank account, are 18 years of age or older, and have a steady income, you are eligible to apply for a small payday loan. We also ask that you:

  • Can provide proof of your address for the past three years
  • Have a bank account and debit card
  • Have a working email address and mobile phone
  • Are not bankrupt or otherwise insolvent

Once you have submitted your application to us, our panel of lenders will conduct a credit check and affordability assessment, and if your application is approved they’ll get the money to you in as little as 15 minutes#, ready to use for that emergency situation.

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 Flux Funding Limited who are 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 www.moneyhelper.org.uk.

Small loans information hub

Want to know more about how to apply for a small loan online or what to consider before taking one out? We’ve answered some common questions around this type of loan.

  • Small loans can help keep you on your feet until payday, and the manageable amounts they come in mean you can repay them quickly, with no fuss. This means that unexpected bills can be resolved as soon as they appear, and your repayments can be settled by the date of your next payday.

    However, we don’t consider ourselves a payday loans company, here at Sunny. Instead, we work with a panel of lenders who offer a real lifeline to our customers with no fees to pay when you borrow and a quick turnaround on your application. Read on to find out more about our low-value loan and why one might be right for you.

  • You can apply for a small loan at Sunny in amounts from as little as £100 to cover smaller expenses. Our lenders will check your eligibility quickly and easily, and if you’re likely to be approved, you can go ahead and submit your application. Your small loan could be in your bank in just 15 minutes#.

  • A small loan is there to support you close to payday, when you don’t have quite enough in the bank to cover an unexpected expense. We recommend you look into alternative borrowing options before applying, such as using savings or asking for help from a friend or family member.

  • Yes, you can. Small loans for bad credit are available, however, your credit rating may affect our decision on whether to accept you for a loan or not as well as the amount you can borrow. You can find out more about bad credit and short-term loans here, in our in-depth guide.

  • Applying for a small loan is very simple with Sunny – and quick too. You simply need to fill in the details on our online form, submit and then wait for a response. We offer an immediate decision on loan applications from a market-leading panel of lenders. If you are accepted, your lender will then transfer the money straight into your bank account – often in as little as 15 minutes# – and then you can use this to pay for any emergency costs.

  • Our lender panel offer loans from £100, so this could be enough to cover an emergency car expense or larger than usual utility bills.

  • Some small loans are very similar to payday loans. Others, however, work like open lines of credit or running credit accounts, which have the option to withdraw from them multiple times. At Sunny our lender partners offer our customers a single sum, but do allow them to have more than one loan at once, should they need a little extra on top of their original loan.

  • As a broker, Sunny does not credit check, however, our lender panel conduct both a credit check and an affordability assessment to make sure that customers are both in a position to repay, and can do so affordably.

More information on small loans

Small loans, or ‘micro loans’, are types of personal loans. These are loans that help cover emergency expenses and that you receive from a lender.

These smaller loans can help you cover unexpected bills, so you don’t have to take out a big loan you might struggle to pay back, simply because that’s the only option available to you. Some loans are so small that they require full repayment by your next payday, a feature of particular benefit to some customers, as it means your balance is settled quickly.

We offer loans from £100 to £2500 from a panel of reputable lenders, meaning we offer flexibility over the amount you borrow. We’ll give you a repayment schedule that reflects the amount you’ve borrowed to make sure each instalment is affordable for you. You can, though, repay early at any time to save money on interest.

The benefits of choosing Sunny

Small loans offer a little “life support” on those grey days when an emergency strikes; they also don’t come with any nasty surprises. Take a look at some of the features you’ll benefit from when using Sunny for your emergency small loan.

You could have the small loan you need fast – we offer an instant decision from our panel of lenders and you could have the money in your account in 15 minutes#.

We don’t charge fees – so when you apply you will only pay back what you borrow plus interest.

Our lenders offer great flexibility to enable you to spread your repayments to fit your budget.

Got everything you need?

If you need a small loan and are thinking about using Sunny, you can apply today. Small loans are ideal for short-term financial problems, but if you have a long term financial need or are experiencing financial difficulties, we suggest you seek free and impartial debt advice – from the likes of Citizens Advice or StepChange – before considering a loan.

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A lender eligibility check will assess whether you meet their lending criteria. Even if you are eligible, they may still require proof of ID and/or proof of income before they approve the loan.