Sunny loans review plus comparison of alternatives

Sunny provides fast, flexible loans online – you may have recently seen its TV advert. But it isn't the only provider of payday and short term loans around. These loan companies could offer a suitable alternative to Sunny's services.

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Touting itself as a payday loan alternative, Sunny is one of many companies filling the gap left behind by Wonga – after the high number of complaints and compensation claims brought it down. With Sunny, borrowers can typically expect a quick decision with no impact on credit scores, and no fees but a high APR.

Our tool at the end of this page, allows you to compare the cost of payday or short-term loans from multiple lenders. Alternatively here are some sites like

warning icon Warning: late repayment can cause you serious money problems. For help, go to

warning icon Please note: high-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

Online lenders that offer similar loans to Sunny

Lending Stream Instalment Loan
Lending Stream
(Established 2008)
Instalment loans
Peachy Loan
(Established 2010)
Instalment loans
QuidMarket Short Term Loan
(Established 2011)
Instalment Loans
Satsuma Short Term Loan
(Established 2013)
Instalment loans

Experiencing an unforeseen cash shortfall? Sunny is an online platform providing straightforward and transparent short term loans. With Sunny there are no hidden costs. That means no application, admin, or late payment fees. Simply use the online calculator to find out how much interest you’ll be charged and the total amount you’ll need to pay back.

Sunny loans are different to traditional “payday” lending, where you would borrow over a very short period of time, and make a single repayment on your payday. With a Sunny loan borrowers make a repayment each month, which pays off part of the capital (the original amount borrowed) as well as the interest accrued so far.

Is high-cost, short-term borrowing a good idea?

Payday loans, and high-cost, short-term credit generally, are a very expensive method of borrowing and should only be considered as a last resort when life catches you off guard. They’re a stopgap that won’t solve your money problem, and are not a good idea for borrowing over longer periods, or for sustained borrowing.

Before you apply for a payday or short-term loan, make sure you’ve considered other options. Is the expenditure that you’re planning absolutely essential? If you can defer a purchase then you could save yourself money in the long run. If you’re struggling to pay a bill, then why not talk to your electricity, gas, phone or water provider to see if you can work out a payment plan? Read more about alternatives to payday loans at

Key features of a Sunny loan:

  • Loans of £100-£2,500. The amount you’re able to borrow will depend on your personal circumstances.
  • Borrow over 8 to 14 months. The term of the loan is decided by the amount you wish to borrow.
  • Simple online application. Fill in your personal, contact, employment and financial details online.
  • Quick access to funds. Receive your loan within as little as 15 minutes of your loan being approved.
  • No fees. Sunny don’t charge admin, application or even late penalty fees.
  • Early repayment. Repay the loan early at any time and save on interest.
  • Changed your mind? No problem. Return the money you have borrowed within 5 days of taking out a loan, and pay no interest.

Compare Sunny loans against services from a range of lenders

Table: promoted deals, sorted by total payable

As well as comparing short-term loans with other types of credit, before you apply for a loan, it’s a good idea to shop around and compare a range of lenders. You can use the tool below to get an idea of how much the loan that you have in mind might cost.

How much do you need to borrow?

How long do you need to borrow for?

Name Product Available Amounts Monthly repayment Total payable
£50 to £800
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.
£300 to £800
Representative example: Borrow £400 for 4 months at a rate of 255.5% p.a. (fixed). Representative APR 939.5% and total payable: £597.48 in 4 payments of £149.37.
£100 to £1,000
Representative example: Borrow £400 for 6 months at a rate of 229.95% p.a. (fixed). Representative APR 720% and total payable: £707.01 in 6 monthly payments of £117.83.
£50 to £1,000
Representative example: Borrow £250 for 74 days at a rate of 292% p.a. (fixed). Representative APR 1300.5% and total payable: £398.00, in 1 payment of £74.00 and 1 payment of £324.00.
£300 to £1,000
Representative example: Borrow £500 for 5 months at a rate of 292% p.a. (fixed). Representative APR 1,297% and total payable: £867.05 in 5 instalments of £173.41.
£100 to £1,000
Representative example: Borrow £480 for 9 months at a rate of 133.1% p.a. (fixed). Representative 535% APR and total payable £959.04 in 9 monthly payments of £106.56.
£100 to £2,500
Borrow £100 for 8 months at a rate of 204% p.a. (fixed). Representative APR 567% and total payable £199.33 in 8 monthly payments of £19.93. You can repay this loan early.
£250 to £1,000
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.

Compare up to 4 providers

Important information:
You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

We compare payday/short-term loans from

Lending Stream Instalment Loan
Moneyboat Short Term Loan
Peachy Loan
QuickQuid Short Term Loan
QuidMarket Short Term Loan
Satsuma Short Term Loan
Sunny Loan
The Money Platform Short Term Loan

How does a short term loan from Sunny work?

Once you’ve chosen the size of your loan and filled in your personal details, Sunny will assess your application, running a credit and affordability check. Having bad credit does not necessarily mean your application will be declined. If your application is approved, Sunny will aim to get your cash to you within 15 minutes.

Your monthly repayments will be taken via a Continuous Payment Authority (CPA), on a regular basis, on an agreed day of the month. You’ll pay interest of 0.8% each day on the loan.

What is a Continuous Payment Authority (CPA)?

A CPA is a recurring payment in which you give a company permission to withdraw money from your account on a regular basis.

CPA’s differ from direct debits because they give the company being paid the ability to withdraw money from your account whenever they wish, and to take payments of different amounts without consulting you. Most payday loan companies will use CPA’s to collect your repayments, however you can cancel this at any point by either consulting with your provider or your bank.

What are the different repayment options?

  • 6 months for loans amounts of £100-£1,000.
  • 7 months for loans amounts of £1,100-£1,500.
  • 9 months for loans amounts of £1,600-£2,000.
  • 14 months for loans amounts of £2,100-£2,500.

What are the eligibility requirements?

You should only apply for a Sunny loan if you’re certain you will be able to make the repayments, and you meet the following criteria:

  • You must have a mobile
  • You must be a UK citizen
  • You must be 18 or over
  • You must have a regular income
  • You must have a bank account
  • You must agree to a credit check

How do I apply for a loan from sunny?

To secure a loan with Sunny you’ll need to complete the online application form. Sunny will then assess your eligibility by running an affordability and credit check. If accepted, you could receive your money within 15 minutes.

  1. Select an amount to borrow.
  2. Fill out your personal details.
  3. Complete an income and expenses form.
  4. Provide your bank details.
  5. Make your loan decision.
  6. Receive funds in as little as 15 minutes of approval.

Additional Borrowing Options

  • Multiple loans. Sunny allow existing customers to take up to four loans at the same time. However, these will be subject to credit and affordability checks. Remember, short-term loans are for unexpected costs and are not a long term solution. Before taking a loan, make sure it’s enough to cover your costs, but also affordable.

Did you know?

The Financial Conduct authority (FCA) has capped interest and fees on all high-cost short-term credit loans at 0.8% per day.

Additionally all default charges are capped at £15 and the total cost (interest, fees) of loans at 100% of the original sum. This means you’ll never have to pay more than double the amount borrowed.

Frequently Asked Questions

We exist to help you find better. The offers we've compared on this page are from a range of products whose details we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations of these) aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When you make major financial decisions, it's wise to consider getting independent financial advice. Always consider your own financial circumstances when you compare products so you get what's right for you.

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