Sunny Loans UK Review: 7 Things To Know Before Taking A Loan From Sunny
In need of a short-term loan to meet your financial needs, then you may consider Sunny loans.
Sunny lending service offers unsecured loans to UK residents. The application process is seamless and loan disbursement is swift.
In this post, we shall be exploring the loan terms, interest rate, application process and other related aspects of Sunny lending platform. Stay tuned as we go through it together.
Requirements For Sunny Loans
To be eligible for Sunny loans, applicants are required to meet certain eligibility criteria. The requirements are outlined below:
- The applicant must be at least 18 years old.
- Must be resident in the United Kingdom.
- Stable and steady income source is a must.
- An active UK bank account is also needed.
- A functional phone number and email address is also required.
Sunny Loanable Amount
The loanable amount at Sunny lending platform is not fixed, it varies depending on the borrower’s creditworthiness and reputation built overtime with Sunny.
The loanable amount at Sunny platform ranges from £50 – £2,500.
Sunny Loan Terms
The loan tenure of Sunny loans is flexible. It is designed such that borrowers will be able to repay the loan with ease.
The repayment plan for Sunny loans ranges from 3-36 months.
Sunny Loan Interest Rate
The representative Annual Percentage Rate(APR) of Sunny loans is 89%.
Sunny Loan Application Process
After going through the eligibility criteria and you’re qualified, follow the steps below to apply for the loan:
- Visit the Sunny loans official website.
- Fill in the loan application form with the necessary details.
- Submit the loan application form and wait for an instant decision on your eligibility.
- If approved, review the loan terms before accepting the loan offer.
- Finally, the loan amount will be disbursed to your nominated bank account.
Is Sunny Loan Legit?
Sunny loan appears to be a legitimate platform since it is authorized and regulated by the Financial Conduct Authority (FCA).
However, short-term lending platforms like Sunny can be worrisome because of their relatively high interest rate. Also, there may be lots of disturbances if you’re unable to pay off your loan on time. Hence, taking a loan from short-term lending platforms like Sunny should be the last option to consider when opting for lending services.
Sunny Loan Contact Number
For questions or inquiry, you can reach out to Sunny lending platform via the following means:
Email: customerservice@sunny.co.uk
Call: 0800 0485781
Mail: 7 Bell Yard, WC2A 2JR, London, United Kingdom
Sunny Loan Uk Reviews
According to our check on review platforms like Truspilot and their likes, we found out that users of Sunny lending platform have diverse views. Some of the users expressed satisfaction with the seamless application process and swift fund disbursement of Sunny platform while others expressed displeasure with unauthorized subscription charges by the lending platform.
From Trustpilot, we find out that the lending platform has 4.6 stars rating out of 5 from more than 7k reviews which is good. Some of the reviews are outlined below:
From Phil Lavender: ‘’Amazing service. Does exactly what it says on the tin. I needed a very short term loan to pay car repair costs and, although I was skeptical at first, I followed the instructions and got exactly what I needed 20 minutes after visiting the website. Most impressive and definitely got me out of a pickle’’
Another user, Tashya has this to say: ‘’I was told by Sunny that they need to take an authorization to see if my bank account belonged to me. However, this has appeared as a subscription on my bank account. There’s no contact details for them and I am extremely annoyed because I may need to change cards because of this as I don’t want them charging me for services I know nothing of, when they want’’.
