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 £5,000.

What is a small loan?

Also known as small personal loans or unsecured loans, these are where you  borrow a small amount of money which  can be used for whatever you need. Such as an unexpected bill or expense, financing a purchase or any other means. These little loans can help keep you on your feet until payday, and with manageable amounts you can repay them quickly with no fuss.

While there is no specific definition of what a small loan is, most UK direct lenders consider anything up to £3,000 as a little loan. However, at Sunny we offer access to small loans from as little as £100 up to a maximum £5,000. Note that how much you borrow over a specific period of time can affect your APR and interest rates, but we can help you find the right small loan with low APR for your circumstances.

Eligibility for a small loan

Each lender has their own set of criteria that borrowers must meet in order to be eligible for any loan. These include:

  • Being at least 18 years old or above
  • Being a UK resident
  • Having a regular income
  • Not being bankrupt or otherwise insolvent
  • Having access to a bank account and debit card
  • Having a working email address and mobile phone number

Meeting these requirements doesn’t guarantee that you will be accepted for a small personal loan as your credit score is also taken into account, but it can give you an idea if you can get a little loan or not.

What about small loans for bad credit?

Yes, if you have poor credit and are wanting to take out a small personal loan, don’t worry. We understand that everyone’s financial situation is unique and offer bad credit small loans to those who need it. When you apply, a panel of small loan direct lenders will run a credit check just to make sure that you can pay it back responsibly, but other factors are looked at too. So, having a bad credit score won’t prevent you from getting a little loan.

Just keep in mind that your credit score does impact how much you may be able to borrow and the interest rates. For more, read about our bad credit loans.

Can I get a small loan with no credit check?

No, the Financial Conduct Authority demands that all loan providers conduct credit checks no matter how little the loan may be. Lenders will complete a soft search when initially assessing your application. This soft search will not harm your credit score, unlike a hard search, and will give you a rough idea of whether it is worth going through with the application. If you choose to continue with your application lenders perform both a hard credit check and affordability assessment.

Because it’s a legal requirement, if a lender is offering you a small loan with no credit check, they aren’t regulated. If you’re worried about a low credit score, don’t worry as you can still get a little loan with bad credit.

How do I get a small loan?

Applying for a small personal 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. With an easy to use application process which first soft checks you to tell you if you will be accepted or not, to then passing onto our broker partners you will receive an instant decision on your little loan. If you are accepted, your small loan direct lender will transfer the money into your account the same day.

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 Upward Finance Limited, who is an introducer appointed representative of Flux Funding Limited, who is 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

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.

  • 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.

  • Little loans are typically smaller amounts of money that is used for temporary, one off or unexpected bills or costs. While you can use a small personal loan for anything you may need we don’t suggest using it for paying off other lines of credit as this can lead to financial stress in the future.

  • This depends on how much you need, you can ultimately borrow as much as you need. While the term “little loans” may sound like it’s only a small amount, most UK lenders consider anything up to £3,000 to be a little loan as these are ones where you don’t have to put up any assets. Here at Sunny, we offer access to a range of loan amounts, from anywhere between £50-£5,000. In your application you can state how much you wish to borrow and over how long, make sure to only borrow the amount you need to keep on track of your finances.

  • The interest rate when paying back your little loan will entirely depend on how much you borrow, over what length of time from 3-36 months, and your credit score. With larger amounts and longer repayment periods can come larger interest rates, and those with lower credit scores will have higher interest as well. Use our application form to compare and contrast small personal loan amounts and payment periods.

  • Essentially yes, small loans are very similar to payday loans. While payday loans are short term small loans which require you to pay it back before your next day in 30 days, little loans offer flexible repayment periods. Via Sunny you can choose as little as 3 months to repay your loan back, or you can treat it as a small payday loan and pay it back early within the month at no extra cost.

More information on little 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. With flexibility to choose how much you need, our small loan direct lenders offer between £50 to £5,000 and repayment periods from 3-36 months, but if you have a small payday loan, you can pay it back earlier so your balance is settled.

Small personal loans work the same as every other loan type, from selecting the loan amount and repayment period in your application, to instant decisions on getting approved and getting your money, to a repayment schedule and interest rate that fits your situation. You can however repay your little loan early at any time to save money on interest.

Why choose Sunny for your small personal loan

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 little loan.

You could have the small loan you need fast – our broker partner offers an instant decision from a panel of lenders and you could have the money in your account today#.

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

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

Apply for a small loan online

If you need a small loan and are thinking about using Sunny, you can apply today. Small person-al 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.