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Sun Loan Company short-term loans review

Fast loans from $150 to $4,500 — but you have to visit a store.

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.

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Min. Amount


Max. Amount


Product NameSun Loan Company installment loan
Min. Amount$150
Max. Amount$4,500
Loan Term3 to 36 months
Loan SecurityUnsecured
RequirementsProof of ability to repay the loan, US resident, age of majority in your state

Review by

Anna Serio is a lead editor at Finder, specializing in consumer and business financing. A trusted lending expert and former certified commercial loan officer, Anna's written and edited more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Her expertise and analysis on personal, student, business and car loans has been featured in publications like Business Insider, CNBC and Nasdaq, and has appeared on NBC and KADN. Anna holds an MA in Middle Eastern studies from the American University of Beirut and a BA in Creative Writing from Macaulay Honors College at Hunter College, CUNY.

Expert review

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.


  • No bank account required
  • Flexible loan terms of three to 36 months
  • Reports on-time payments to major credit bureaus


  • Limited state availability
  • Not transparent about costs
  • Must pick up cash in store

Sun Loan rates, fees and terms

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.

What is Sun Loan and is it legit?

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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Sun Loan reviews and complaints

BBB accreditedNo
BBB ratingB
BBB customer reviews1 out of 5 stars, based on 1 customer reviews
BBB customer complaints33
Customer reviews verified as of16 October 2020
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.

Am I eligible?

To qualify for an installment loan, you must meet a few basic requirements:

  • Regular source of income
  • US citizen or permanent resident
  • At least 18 years old and 19 in Alabama

What states is Sun Loan available in?

Sun Loan has over 250 offices in seven states.

  • Alabama
  • Illinois
  • Missouri
  • Nevada
  • New Mexico
  • Oklahoma
  • Texas

What information do I need to apply?

When you complete an online application or visit a Sun Loan branch, you will need to provide some details about yourself.

  • Government-issued photo ID
  • Most recent pay stub

Other information depends on your state. Reach out to Sun Loan for a full list of what you might need when you apply.

How do I 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.

What are my repayment options?

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:

  • Check
  • Money order
  • Cash
  • Debit card

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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    Default Gravatar
    May 22, 2019

    Hey! So if I’m unemployed, how do I go about getting a loan?

      May 22, 2019

      Hi Alissa,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      I’m sorry to hear if you are unemployed. Our page in getting a loan when you’re unemployed might be able to help you find which lender will consider you for a loan. While it is true that some lenders may consider you for a loan, but you’ll need to still be earning some form of income or have suitable income-earning assets to repay the loan.

      On the same page that I just told you, you can find a list of lenders who might be able to lend you money while you’re unemployed. There’s a table you can use to compare your options based on their details.

      Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

      Have a wonderful day!


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