Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk Loanski is an authorised credit broker not a lender

    Sunny Loans Alternative

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

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    Representative 305.9% APR.
    Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

    Choose Loan Amount

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    Representative 305.9% APR.
    Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid out in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    REPRESENTATIVE 305% APR

    Loanski offers competitive interest rates compared to some lenders across the market.

    Installment Options

    Customize your loan term from 1 month to 60 months putting you in control of your payment plan.

    Fast Payouts

    You can expect fast payouts sometimes within 10 minutes^

    Company Number: 05041905

    Date firm started business:
    12 February 2004

    Company Name:
    Company Name: Sunny.co.uk is a trading name of Elevate Credit International Limited

    Type of Business: LENDER
    Consumer Credit

    Loan value range:
    £100 to £2500

    Loan term length:
    1 to 6 months

    Previous Business Name:
    THINK FINANCE (UK) LTD
    23 Apr 2012 – 02 Sep 2014
    FORTRESS GROUP (UK) LTD
    11 May 2009 – 23 Apr 2012
    OASIS FINANCIAL SERVICES LIMITED
    12 Feb 2004 – 11 May 2009

    Head Office Address:
    7/28
    Eastcastle Street,
    London,
    W1W 8DH.

    FCA Status: Authorised

    Sunny is a online short term loan company that was established in 2004 Under Elevate Credit. Since 2004 they have operated under three names before they finally became trading under the name “Sunny” in 2004.

    These were Oasis Financial Services Limited, Fortress Group and Think Finance.

    What’s it all about?

    So why choose Sunny compared to all the other loan companies that are available? Well Sunny promise on their site that they have absolutely no fees! Yeah that’s right, no late repayment fees, no application fee and no admin fee, which is a big bonus when choosing the correct loan company for yourself.

    We all mean to pay on time but if for some reason we cannot there is nothing worse than late payment fees pushing up the costs.

    Another bonus for you choosing to go with Sunny, is you are able to repay your loan back early at no extra cost and you can save money on the interest!

    Sunny loans also claim on their website that they are open 24/7 and even process loans at the weekend, meaning you may have your loan in your bank account sooner than you think!

    5 Day Promise

    Sunny offer a 5 day promise which means if you change your mind you can return the money you have borrowed in full within 5 days and pay absolutely no interest.

     

    How the company works:

    Repayment method:

    Repayments from Sunny are collected via CPA (Continuous Payment Authority), which means the payments will be taken from your debit card using the information you entered when you applied for the loan online.

    If this method isn’t convenient for yourself, you are able to cancel in writing or via your bank and pay with an alternative method such as online payment or bank transfer.

    Do I need a bank account?

    Yes. To apply for a Sunny loan you will need a bank account. This is because they are an online-only company and a bank account is required so you can receive your money.

    Credit Check

    As with the majority of loan companies, a credit check will be carried out when you apply. What is known as a soft credit check will be carried out to see if you are eligible or not to apply. This soft credit check does not affect your score and just gives you a good indication on your chances of being accepted.

    If you decide to proceed then after entering more information a hard credit check will be carried out which will leave a footprint on your credit score.

    Sunny Alternative?

    Looking for an all in one loan solution like Sunny? Loanski’s partner has a loan search system that scans and checks your details with multiple lenders increasing your chances of getting accepted for a loan. This also reduces your time searching through multiple lenders.

    Will I be accepted?

    This completely depends on your circumstances. Sunny are a responsible lender and will want to carry out a full assessment before they give you a decision. If you are rejected, don’t worry. When your circumstances change in the future you will be able to apply again.

    Requirements for the loan:

    Age restriction

    You must be at least 18 years of age to apply for a loan with Sunny.

    UK Resident

    All applicants must be a UK resident to be eligible to apply for a loan with Sunny.

    Address information

    During your application you will be required to provide address information from over the past three years. To make your application faster, make sure you have this to hand.

    ID and Income

    Proof of income

    Sunny may ask for proof of income but in most cases the information you give on your application is more than enough.

    If you need to send proof in then these can be uploaded via the ‘My Account’ area on the Sunny website.

    Penalties

    As far as we are aware and from the information given to us on the Sunny website, there are no penalties or late payment fees with Sunny; which is fantastic news. However, Loanski does advise that if for some reason you are unable to make a repayment, to contact them as soon as possible.

    So, just how trustworthy are Sunny?

    Well according to Trust Pilot Sunny are a pretty trustworthy company! Trust Pilot gives Sunny a rating of 4.5/5 stars which is pretty good going. Most of the reviews from current and previous customers say that Sunny offer a fast, reliable service and are easy to use.

    It all looks great, what about any bad press?

    As with all companies of course there are some bad reviews. On Trust Pilot the good reviews outweigh the minority bad ones, which are not responding to some emails.

    If you check the Sunny website you can also find quite openly, information about amount of complaints that have been made against the company and the time scale that they have been resolved within.

    There is also a section at the bottom of the Sunny website under ‘Company info; which lists all the press articles that they have been in. This includes any articles about Elevate Credit.

    In fact, interestingly, on the 27th of August 2019, Elevate Credit were actually listed as one of the best companies to work for! 95% of Elevates Credits employees took part in the survey. An amazing 94% thought that they were able to take time away from work when needed and felt they were made to feel very welcome at the company!

    Elevate also offers its employees very generous maternity and paternity leave, as well as the option to be able to work from home if needed.

     Advantages of using Loanski
    Loan Amounts£100 to £10,000 ^High Acceptance Rates
    Application Decision Time3 Minute Automated Decision!100% Online No Paper Work!
    Payout TimeAs fast as 10 Minutes! ^SSL Secure Application
    Fee For Application£0 We Don’t Charge Fee’s!Multiple Lender Platform
    Poor Credit Score?All Credit Scores Welcome!No Obligation