Sunny Loans Alternative
Did you know that Sunny no longer offers loans? They’re now a loan broker. But don’t worry, Lending Stream is still a direct lender. Apply online for a loan with 6 months to repay. New customers can borrow £50 to £800. Existing customers can borrow £100 to £1500.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Not all applications will be approved for a loan. An offer of credit is subject to status and affordability checks.
Why choose Lending Stream as Sunny Loans Alternative?
Trusted
Rated Excellent on Trustpilot with 25,000+ reviews by customers across the UK.
Direct Lender
Lending Stream is a FCA authorised and regulated direct lender, offering short-term loans without any hidden fees.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Apply online 24/7 with decisions in seconds. If approved, cash is sent to your bank in 90 seconds.*
About Sunny Loans
Sunny Loans was a UK-based online lender that provided short term loans. They were known for offering payday loans and other types of short-term credit solutions. In 2020, Sunny Loans went into administration after a number of customer complaints.
Nowadays, Sunny is a credit broker, not a lender. They’re a trading name of Upward Finance Limited. A credit broker doesn’t offer loans – they sell your information to lenders. So you may not know who you’ll actually be applying to.
If you’d prefer to know who you’re dealing with and are looking for a direct lender that provides short-term lending solutions, try Lending Stream.
Our online loan application process is simple and with near-instant decision.
Does Sunny Loans still exist?
Yes, Sunny still exists. Except they are now a credit broker, not a lender. Sunny does not charge customers a fee to apply, but it receives a commission from lenders or other brokers. Basically, they get a commission if you take a loan with someone they send you to. If you want to take a more direct route, you might want to apply with a direct lender.
Have Sunny Loans gone into administration?
In 2020, Sunny (a trading name of Elevate Credit International Limited) went into administration. This was around the time a number of other payday lenders went out of business. This was mainly due to the number of customer complaints.
However, Sunny is back, but they are now operating as a credit broker, not a lender.
Is Sunny a direct lender?
Sunny used to be a direct lender, but they are now a credit broker. This means that they introduce customers to lenders who can provide a quote. If you’re happy with your quote, you will complete your loan with your chosen lender and receive your funds.
Unlike Sunny, Lending Stream is a direct lender. This means we handle the entire loan process from application to funding and repayment. You won’t be passed to anyone else – if you borrow from us, we’ll be the ones you deal with.
How is Lending Stream different from Sunny Loans?
| Lending Stream | Sunny Loans |
|---|---|
| We’re a direct lender! That means you’ll work directly with us throughout the loan process. | Sunny operates as a credit broker, which means that you’ll end up with a different lender. |
| If you’re approved for a Lending Stream loan, we’ll send the cash to your bank in under 90 seconds*. | On their website, they state that the cash could be sent within 15 minutes, subject to each lenders’ requirements and approval. The time it takes will depend on the lender you complete your loan with. |
We are transparent in our lending processes. We offer short term loans, with no hidden fees and clear terms and conditions.
We have over 50,000 reviews with a rating of 4.8 on Trustpilot and Reviews.co.uk.
How do I check if I’m eligible for a loan with Lending Stream?
To be eligible to apply for a loan with Lending Stream, you must:
- Be a UK resident.
- Be over 18.
- Have a valid debit card.
- Have a valid UK bank account.
- Be in regular employment with a monthly income of at least £400.
During our online application process, we might ask you for proof of your income and expenditure. As a responsible lender, we need to see if you can make repayments on time.
Worried about applying with poor credit history? Don’t be! We understand that credit scores can fluctuate. We’ll look at your income and expenses as well as your credit score. We want to make sure you can repay the loan comfortably.
Representative 1271%APR
How can I apply online with Lending Stream?
To apply for a loan with Lending Stream, you’ll have to complete an online application form. You’ll be asked for the following details:
- The amount you want to borrow with us.
- Some basic personal information.
- Your employment, salary, expenses, and banking details.
Once we receive your application, we’ll run a credit and affordability check. We do this to make sure you can afford the loan repayments.
If you’re approved for our unsecured loan, we will send you the terms and agreement to review and sign. This will include the total repayment period, monthly repayments and the representative APR. Once you sign the agreement, we’ll send the loan to your bank account within 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Representative 1271%APR
FAQs – Sunny Loans
Are Sunny Loans back?
Yes, Sunny is back but this time they are a credit broker, not a lender. They are registered under the trading name of Upward Finance Ltd.
What sort of loans does Sunny offer?
Sunny doesn’t offer loans. They are a credit broker, which means that they can help you find short term loans with other lenders.
Can I get a Sunny payday loan from Lending Stream?
No. Lending Stream doesn’t offer payday loans. We offer same day short term loans. Once we receive your application, we will run a credit and affordability check. We’ll then give you a quick decision. If your application is approved, we will transfer the loan to your bank within 90 seconds*.
How long do I have to repay a Sunny loan?
As Sunny is a credit broker, you won’t be repaying a loan to them. If you take a loan through Sunny, your repayment terms will be with the lender.
How do I contact Sunny?
You can reach out to their UK-based call centre at 0800 048 5781. Their lines are open between 8:30am and 7:00pm. Alternatively, you can send them an email at customerservice@sunny.co.uk.