What states is Sun Loan available in?
Sun Loan has over 250 offices in seven states.
- New Mexico
Bottom line: Sun Loan Company can get you money in as little as 30 minutes — as long as you live in one of the states it has branches. While you don’t need a bank account or job to qualify, there are a few red flags to watch out for, such as a lack of transparency about loan costs.
Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.
A Sun Loan Company installment loan can fit a wide variety of needs — as long as you live in the right state. You don’t need a bank account to deposit your check or make repayments. But its lack of transparency about rates and fees might make you want to look elsewhere.
In addition to its limited information about costs, Sun Loan is mostly a brick-and-mortar enterprise. You can get started on your application online, but you’ll have to complete it either in person or over the phone. When your funds are available, you have to go to the nearest location to pick up your check.
For a fully online lender, compare more short-term loans.
Sun Loan offers installment loans of $150 to $4,500 — although the exact amount varies by state. You’ll have between three and 36 months to repay its loans your loan.
But Sun Loan doesn’t disclose its rates online. You’ll need to complete an application and review your loan contract to learn the full cost of borrowing, including any financing charges and potential late fees.
Sun Loan’s website uses SSL encryption to make it difficult for anyone to access the information you enter on its online form. The rest of the application can be completed in person or over the phone.
Sun Loan Company might share your information with nonaffiliated third parties. You can opt out, but you have to fill out a form and mail it to its offices in San Antonio — in comparison, most lenders allow you to do this over the phone.
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There’s not much online about Sun Loan Company. And what’s there is mostly negative.
Several customers claim that Sun Loan Company incorrectly reported their repayments to the three major credit bureaus and didn’t respond to attempts to correct the error. A few other customers reported that Sun Loan Company was inflexible when they lost their job and couldn’t make repayments.
To qualify for an installment loan, you must meet a few basic requirements:
Sun Loan has over 250 offices in seven states.
When you complete an online application or visit a Sun Loan branch, you will need to provide some details about yourself.
Other information depends on your state. Reach out to Sun Loan for a full list of what you might need when you apply.
The quickest way to complete an application is to find a Sun Loan office by going to its website and entering your ZIP code. From here, you can either visit the office to complete an in-person application, call to submit information over the phone or start an application online.
If you choose to apply online, you will need to provide information about yourself and your income. A representative from Sun Loan will contact you within the next business day to finalize your application. If you’re approved, you should hear back within a day with instructions on what to bring when you visit your local branch to pick up your loan funds.
Sun Loan began accepting online debit card payments in August 2020. Its online portal allows you to review your account activity, make a payment and request refinancing.
Beyond online repayments, you have a few options when you call or visit a branch:
If you have any questions, try calling your local branch.
Sun Loan’s limited availability and in-person loans aren’t for everyone. You should compare more short-term loan options to find the best lender for your situation.
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