Sunny Loans

Sunny Loans having formed recently in 2013, has earned itself a reputable name across the subprime sector. The creator being Fortress Group UK, back in 2004 was previously known under the identity of one month loans, which was later acquired by Think Finance Inc. Competing locally alongside a second company that serves 12 month loans, this new service has come to be of central focus to them. Expanding over the past couple years relatively quick through TV advertisements, and online advertising through Facebook and Google.

A person is eligible to apply for a short term loan at Sunny Loans, if the person concerned is above 18 years of age, is a resident of the United Kingdoms, with a functional UK bank account and debit card. This further requires you to be employed with a regular income of at least 500 pounds per month. Taking in to account a number of factors, each person apply is assessed on an individual basis. Individual income details and information on expenditure, and any other financial obligations that one might have, are also taken in to account. This is done in order to ensure that the borrower is able to afford the loan that is being taken.

One must apply for the loan online, while following a simple and efficient process. The requirement of the online application is employer details, bank account details which include the account number and sort code, along with three years of details on your housing for example your housing address. A section of this information section has been prefilled which one can go ahead and confirm, while filling in the application in order to make the process easier and faster. It does not matter how many times a person applies for this loan, the individual is assessed every time before the loan can be approved, including the conducting of credibility and affordability checks.

All applications to Sunny Loans is subject to checks on credit, as a commitment made towards responsible lending. This is not only to keep in check that the person borrowing the sum of money is in a position to repay the loan at a given point, but also helps keep fraud and malfunctioning in check. Once a person applies Sunny Loan guarantees to leave footprints on your credit file. The website provides you with a section called Your Data, through which one can learn more about how Sunny Loans is using the information that they provide, and credit checks by Credit Reference Agencies (CRAs), after having visited the same.
In the unlikely event, that Sunny Loans has not been able to verify certain details provided, will a person be asked to send in further details so as to be able to examine them manually. This is done in order to ensure that an application is not rejected at first go, without careful consideration. It is required to keep up to date with details provided in the MyAccount section of the Sunny Loans website, and regularly check Email Ids and mobile phones. This is rare as in most cases the online application is all that is needed in order to apply for a short term loan.
This transfer of cash is free of any charge fee. The website maintains total transparency on in transaction details, which can be accessed by visiting the website and clicking on the ‘Our Pricing’ section. The application of a charge is only done against the interest on the outstanding balance of your loan. This ensures that the person is completely aware of all required details, so as to avoid any chance of unwanted surprises.

One can apply for between 1oo pounds and 2,500 pounds. Sunny Loans is however, not able to transfer monetary funds to prepaid savings accounts or debit cards such as ‘pay as you do’ or ‘top up’.
Once the application has successfully been filled and accepted the money takes about 15 minutes to reach your account. This depends entirely on the policies and functioning, of the respective banks of the person applying. You can have access to the money straight away if your bank accepts faster payments, this depends on how long you bank take to process deposits. Most banks that operate Faster Payments will be able to credit your account within an hour. Such details can be best provided to you by your bank.

One can simply employ the use of the payment calculator, to get an idea of how much you would repay if the payment is made earlier than the given date. Their flexible overpayment plans make repaying early easier. Actual repayments are shown under your agreement once you have applied. This repayment dates will always be set to your pay dates in accordance with the information provided by the person while applying.

While sighing up at Sunny Loans, you are guaranteed a great choice of loans, which does not involve any form of fee charges, control of options such as easy methods of repayment which in turn helps you in saving up on money; and you are also given the freedom of a five day period during which you are free to change your mind, free of charge. Customers at large have chosen Sunny Loans in time of the need of emergency cash, because it has been known amongst them as a trusted brand, Sunny Loans makes sure that you receive fast and effective feedback in case one is faced with any sort of doubt; there are high rates of conversions, along with highly competitive pay outs, this is also inclusive of various opportunities through which one can earn.

These are practices that are needed to be adhered to, especially in an industry such as the payday lending industry, where unpredictability is the norm. In an industry like this, it is heartening to know that there are lenders like Sunny Loans who have made an effort to abide by ethical standards and follow the moral standards set by the regulatory body, the Financial Conduct Authority.