Loans like Sunny

Now collapsed, Sunny provided short, fast, flexible loans online. These loan companies could offer a suitable alternative to Sunny's services.

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

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

NameEstablishedLoan types
Sunny Loan Sunny Loan 2013 (ceased trading 2020) Instalment loans More info
Lending Stream Instalment Loan Lending Stream Instalment Loan 2008 Instalment loans Go to site
Moneyboat Short Term Loan Moneyboat Short Term Loan 2011 Instalment loans Go to site
QuidMarket Short Term Loan QuidMarket Short Term Loan 2011 Instalment Loans Go to site
Mr Lender Short Term Loan Mr Lender Short Term Loan 2009 Instalment loans Go to site
Conduit Short Term Loan Conduit Short Term Loan 2012 Instalment loans Check eligibility

Touting itself as a payday loan alternative, Sunny was one of many companies filling the gap left behind by Wonga (after the high number of complaints and compensation claims brought it down) until it followed suit in June 2020. With Sunny, borrowers could typically expect a quick decision with no impact on credit scores, and no fees but a high APR.

Many lenders like Sunny are now moving away from traditional, less-than-one-month payday loans to offer instalment loans of up to a year or longer. That can be handy – letting borrowers spread the cost of a hefty outlay into lots of small payments – but it usually works our more expensive overall. Always aim to keep your loan as short as possible, but make sure you can afford the repayments.

Like the other lenders we feature with similarly chirpy names, Sunny was authorised and regulated by the Financial Conduct Authority registration (it was a trading name of Elevate Credit International – registration number 673771).

Lenders like Sunny: A closer look

Lending Stream logo

Lending Stream

Lending Stream (visit site) is a direct lender (not a broker), which, like Sunny, offers instalment loans – but of up to £1,500 over terms of up to 6 months. That's £1,000 less than Sunny was offering just before it ceased trading (although for new customers the maximum is £800) but with a lower representative APR of 1,333%. As with Sunny, you can repay early at any point.

Lending Stream 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.

Moneyboat logo

Moneyboat

Next up, Moneyboat (visit site) is also a direct lender, which, like Sunny, offers instalment loans – but of up to £1,500 over terms of up to 6 months. That's £1,000 less than Sunny offered (although for first-time users the maximum is £800) but with a higher representative APR of 939.5%. You can repay early at any point.

Moneyboat 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.

QuidMarket logo

QuidMarket

QuidMarket (visit site) is another direct lender, which, like Sunny, offers instalment loans – but of up to £1,500 over terms of up to 6 months. That's £1,000 less than Sunny but with a lower representative APR of 1,301%. You can repay early at any point.

QuidMarket representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.

Mr Lender logo

Mr Lender

Mr Lender (visit site) is a direct lender which, like Sunny, offers instalment loans – but of up to £1,000 over terms of up to 6 months. That's £1,500 less than Sunny (although for new customers the maximum is £500) but with a lower representative APR of 1,256%. Unlike Sunny loans, Mr Lender loans come with decreasing monthly repayments. You can repay early at any point.

Mr Lender representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative APR 1,240.1% and total payable £367.40 in payments of £81.33, £73.23, £65.13, £57.33, £49.24, and £41.14.

Conduit logo

Conduit

Finally, Conduit (check eligibility) is our last direct lender, which, like Sunny, offers instalment loans – but of up to £1,500 over terms of up to 18 months. That's £1,000 less than Sunny but with a lower representative APR of 171.94%.

Conduit representative example: Borrow £500 for 39 weeks at a rate of 92.27% p.a. (variable) with a 3% variable admin fee of £15. Representative APR 171.94% and total payable: £720.12 in 52 weekly payments of £18.08.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though 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, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site