Sunny Loans Alternative
Did you know that Sunny no longer offers loans? Don't worry, Lending Stream is still lending and is a better alternative to Sunny Loans. Apply online for a loan with us for up to £1,500 with 6 months to repay.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Why choose Lending Stream as Sunny Loans Alternative?
Fast
Cash sent to your bank in under 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay in 6 monthly repayments. Pay early with no extra fees and save on interest.
Warning: Late repayment can cause you serious money
problems. For help go to moneyhelper.org.uk.
About Sunny Loans
Sunny Loans were a UK-based online lender that provided short-term loans to individuals. They were known for offering payday loans and other types of short-term credit solutions to people who needed quick access to funds. In June 2020, Sunny Loans went into administration after struggling under the weight of customer complaints.
As of now (August 2023) Sunny is a trading name of Upward Finance Limited and they are operating as a credit broker, not a lender. If you are looking for a direct lender that can provide short-term lending solutions, why not try Lending Stream?
Our online loan application process is simple and with near-instant decision, we're a better option than Sunny.
Do 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 for using its introducer services, but it receives a commission from lenders or other brokers if a customer enters into a consumer credit agreement following an introduction through this website.
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, complete it 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. Borrowers work directly with Lending Stream throughout the loan journey, without involving intermediaries or brokers.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Have Sunny Loans gone into administration?
On 29 June 2020, Sunny (a trading name of Elevate Credit International Limited) went into administration following a spate of others in the short term loan industry. A major difficulty for them was the high level of customer complaints.
However, Sunny is back, and they are operating as a credit broker, not a lender.
How is Lending Stream different from (or better than) Sunny Loans?
| Lending Stream | Sunny Loans |
|---|---|
| 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 lenders’ requirements and approval |
| 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 borrowers may receive less tailored options |
| We continue to be transparent in our lending processes, providing borrowers with flexible options, no hidden fees and clear terms and conditions for loans | They faced regulatory challenges and customer complaints which led to closure as direct lenders in 2020 |
How to check my eligibility for a loan with Lending Stream?
When you apply for a short term loan with Lending Stream, you must meet the following eligibility criteria:
- Be a UK resident
- Be at least 18 years old
- Have a valid debit card
- Have an active 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 information. 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, which is why we consider loans for individuals with bad credit too.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How can I apply for a loan with Lending Stream?
To apply for a loan with Lending Stream, complete the online application form and give us the following details:
- The amount you want to borrow
- A few personal details
- Your employment, salary, expenses, and banking details
Once we receive your application, we'll run a credit and affordability check on your profile. We do this to make sure you can afford 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, the representative APR etc. Once you sign the agreement, we'll send the approved amount to your bank within 90 seconds.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Contact us - Lending Stream
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page. If you prefer you can give us a call on 0203 808 4440#. We’re open from 9am to 6pm Monday to Fridays, and 9am to 1pm Saturdays.
FAQs - Sunny Loans
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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.
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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.
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Can I get a Sunny payday loan from Lending Stream?
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 on your profile and give you a quick decision. If your application is approved, we will transfer the approved amount of money to your bank within 90 seconds.
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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.
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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.
We don't offer loans under 60 days. We offer 6 or 12 month loans. The maximum repayment period is 12 months. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk