Sunny loans has emerged as an excellent alternative to the United Kingdom’s short term loan borrowers. A customer can get Sunny loans ranging from £100 to £2,500 on fixed instalments. It caters to the needs of all sections of short term borrowers that is whether a customer is in need of small amount in hundreds or in relatively large amount in thousands. This gives the borrower the option to select the loan amount that exactly satisfies the purpose of the loan. Sunny has its own mechanism of assessing the credit worthiness and affordability of the applicant. The applicant will have different terms and conditions for each loan amount selected so is the interest rates. The instalment loans have been planned in a way that it gives control and flexibility. They have the option to pay back anytime the customer is able to repay the money with no additional fees for early repayment.
Sunny loans lender is different from other loan lenders. Here customers are required to pay the interest charged on a daily basis on the loan amount. There are no other fees like application fees, processing fee, administration fee, funding fees etc. There are no hidden legal fees. The fact that it does not charge extra for early repayment is praise worthy.
The most favorable thing to the customers is that Sunny offers loans from £100 to £2500 with varying terms. Thus it is very sure that any customer will find a loan that perfectly suits his circumstances. The interest rate and terms of the loan vary from one amount to another amount of approved loan.
There is enough flexibility in the Sunny loans which paves way for the customer to pay more than regular instalments thereby saving interest and repay the entire credit in a short span of time. This facility can be opted by selecting flexible payment plans. There are no extra charges for early repayment which means payment made before time does not cost more to the customer.
In their website Sunny loans has its money tips section that has videos, tools and guiding instructions for customers. These are a great help to the customer in managing their money and have control in their cash flow.
Sunny strictly follows the rate cap prescribed by the Financial Conduct Authority (FCA) which states a customer will never pay interest more than 0.8 % per day and the total interest paid cannot cross the amount of the actual borrowed sum.
Sunny loans is a responsible loan provider and work with its customers when they are in difficult financial situations and find it hard to repay the money at the agreed date. Sunny provides customers with alternative payment plans to ensure that the customer is not overburdened with the interest accrued due to late payment. They also lower the rate of interest if there is late payment by putting a cap in it.
With the changing economy and the world it has become common that at some point of time hard working people have found it difficult to meet their needs for a given time.
There is a large group of people who have to look for alternative sources for loan purpose when they meet up with unexpected financial challenges. Sunny involves itself in making packages and developing products that help their customers to solve their individual financial challenges and work towards a secure financial position in future.
Applying is easy with Sunny
There is an easy online application process available with Sunny Loans. A customer can request a loan within minutes through their website and get a quick decision when they are in need of money. Once the loan is approved the money is transferred to customer’s bank account within 15 minutes.
Sunny loans also provide 5 days to the loan applicants to change their mind. There are no explanations required to be given for any changes made by the customer within these five days. The applicant just needs to call the customer care team to return the amount that was transferred and there is no extra charge for this. This benefit is in additional to the within 14 days withdrawal right.
The repayment due date or dates is aligned to the pay date or dates. Customer needs to make sure that they have the required funds available to pay off the dues.
The customer has the option to go to the payments section in their online account and make additional payments towards the repayments at any point of time. This option is helpful when customers have little extra money and decides to come out of the debt in a short period of time. This will also help saving interest to an extent.
The customer also gets an opportunity to choose flexible overpayment plans wherein they can authorize the lender to take regular overpayment every month to pay off the loan along with interest before pre agreed time. For doing this there is no extra fees charged by Sunny.
To apply for Sunny loans the applicant must be 18 years old and a resident of the United Kingdom. The applicant also needs to have a UK bank account and possess a debit card. The applicant needs to have a minimum monthly of £500 and in permanent employment. For being applicable for Sunny loans an applicant must have a mobile phone as well.
All applications for Sunny loans have to be made through their website. Sunny will need the applicant’s employer details, the bank account information and also proof of three years address. For Sunny loans the applicant also needs to disclose expenditure information and any other financial obligations the applicant may have. Such information helps Sunny to asses and approve a loan that is affordable to the applicant.
Thus it has been observed that Sunny loans have come as a popular alternative to other form of short term loans provided by various other lenders. It has been successful in attracting a large bulk of people towards its loan plans and the terms associated with it along with the flexibility in repayment.