Sunny Repayment Information Hub

Want to know more about loan repayment or what to consider before taking one out? We’ve answered some common questions around repayments.

  • We will collect your payments via Continuous Payment Authority (CPA), which allows us to take your payments using the card details that you gave to us during your application. This is different to a direct debit, which comes direct from your bank account and needs to be approved by your bank before funds can be collected. Using CPA to collect your payments also means that if there isn’t enough money in your account on the day, you won’t be charged like you could be with a direct debit.

    With your payment dates agreed with us up front, all that’s left for you to do is make sure that you have the funds available in your account on the day your payment is due each month, ready for us to collect from you. This means that you won’t have to make manual payments, or remember to contact us, or to log onto your account, every time you need to make a payment.

  • You can cancel the Continuous Payment Authority on your account at any time. Bear in mind that you if you do this, you will need to make your payments manually using another method: using your Sunny online account, your online banking, or by calling us to make your payments over the phone on or before each due date. To cancel a CPA you should contact our customer care team, and also confirm your decision with your bank.

  • Yes, you can use your online account to make your payment schedule shorter and repay your loan more quickly. This means you’ll repay less interest. You can change the regular payment to Sunny by visiting the “payment options” section of your online account, and choosing from the options available. The new amount will be taken on your next regular due date.

    If you need to reduce your regular payment amounts or extend your schedule for any reason, then you will need to contact our dedicated Repayments team. They will be able to talk through the available options with you.

  • Of course. If you’d like to pay off your loan early or make an additional payment alongside your regular schedule then this is easy to do. In fact, if you do repay a little extra now and then or repay your loan early, you will save money in interest.

    You can make one-off payments either through your online account or by giving our team a call.  Simply log in to your account and select the loan you want to make a payment towards. You can use the card we currently have on file or add another debit card to make your payment. Any additional payments you make mean you’ll pay back less interest overall.

  • When you make a payment, either as a scheduled payment we’ve collected automatically or an extra payment you’ve made yourself, you’ll get confirmation by email that we’ve received it. It can take up to an hour for your online account to reflect the payment you’ve just made. So, if you want to pay a bit extra after your scheduled payment has been taken, we recommend waiting until later in the day to make sure everything is up to date. Once your payment has been registered, your balance will be updated and you will be able to see the amount you have left to pay on your loan.

Short term loan examples

If you’re looking for a loan in an emergency, we can help. With the ability to tell you how likely you are to be approved before you apply and cash transferred into your account in just 15 minutes if you are accepted, Sunny can help you get back on track. Use our sliders below to work out how much a loan with Sunny could cost.

Monthly rate
Based on a
30 day month
Loan term
The loan term is fixed but you can repay early at any time
The loan term is fixed but you can repay early at any time
Representative example
£ for months
%pa (fixed)

Reading Material

Looking for a little more information around Sunny and our loan offering? Take a look at our in-depth guides below, covering topics from improving your chances of getting a loan to what our credit checks involve.