- Borrow up to £25001
- Online Service
- Choose payment period
- Direct to bank account
- No hidden charges
Sunny.co.uk is an online provider of short to medium term credit. If you need a loan of between £100 and £2500 and then want to repay it over 1 to 14 months (in monthly instalments) then Sunny's offering may be worth considering. They have two products:
Maximum loan amounts are subject to a credit check and an affordability assessment. You may apply for either type of loan. Keep in mind that if you apply for a Sunny Plus loan and are rejected you may still be offered a Sunny Now loan.
As with other types of instalment loan keep in mind that this may not be the cheapest option available to you. Use our Quick Start tool to investigate others. There may also be other cheaper instalment loans than Sunny's.
Applications are only accepted online via their website. The online process will lead to a swift lending decision so Sunny will need you to provide the following information at this time:
You can apply 24/7 and Sunny are able to transfer funds to your bank account 24/7. In most cases they can do this within 15 minutes of accepting your application although the bank's processes may mean it takes an hour to become available to you.
In most cases a lending decision will be instantly made online. In some rare cases Sunny may require you to upload some additional information - if this is the case they will let you know by email what they require.
The main differences are as follows (Sunny Now vs Sunny Plus):
Sunny prefers to collect repayments using a Continuous Payment Authority (CPA) which is why they require your debit card details. This is how your account will be initially set up. If you don't like CPA's they provide an online method of payment accessed via their website. In each case you will receive automated payment reminders.
All you need do is log in to your Sunny account at their website and amend your monthly amount. You can also clear your full balance outstanding in the same manner. There are no additional fees for clearing your balance early or speeding up repayments. And you get the benefit of reducing the amount of interest you are charged.
At the start of your agreement with Sunny you will know the total amount you need to repay. This will never increase as Sunny do not charge additional fees. As with any debt if you believe you are going to struggle to repay it in line with your agreement you must get in touch with Sunny to agree a way forward.
Management of your debt is a serious matter and while you may not be charged extra by Sunny for extending your loan period you do risk have the repayment issue registered on your credit file which will make it more difficult to obtain credit in the future.
Sunny.co.uk is a trading name of Elevate Credit International Ltd. They are authorised and regulated by the Financial Conduct Authority, FRN 673771
To operate this service we receive a commission from the provider we refer you to.
1 Subject to application being approved by the lender.
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