Update (Feb 2020):
Comparison listings are currently being updated.
Sunny Loans | www.sunny.co.uk Reviews
About Sunny Loans
Sunny was introduced to the market in 2013, although this was as a rebrand of 1 Month Loan who started out in 2004. This change came when Elevate Credit (was Think Finance) acquired the operation of the Fortress Group. They did for a short time also trade locally as Quid, but this project was later discontinued. Elevate now collectively serves 2.2 million customers. Most of which are however attributed to their Stateside brands (Elastic, Rise and the new Today credit card). Sunny’s growth has been impressive to witness. They are arguably the most visible subprime lender through TV and web advertising and this has pushed them on to become the most popular instalment brand.
Sunny’s product has set levels that run as £100 to £1000 (6m), £1100 to £1500 (7m), £1600 to £2000 (9m) and £2100 to £2500 (14m). They do widely promote that you have the ability to simply settle up early. It would however be better to see more term options at application as well as the amounts being available across all selections. A unique feature from this firm is that they offer customers 5 days to back up if they change their mind. For this, you call them to return the loan without any interest or fees. They are also open 7/7, charge no late fees and they score well on Trustpilot at 86%.
Address: Blenheim House, Newmarket Road, Bury St Edmunds, IP33 3SB
Brand: Sunny (aka: Sunny Loans)
Company: Elevate Credit International Ltd (subsidiary of Elevate Credit Inc)
Contact (📧): firstname.lastname@example.org
Contact (☎): 0800 731 5444
FCA Licence: 673771
Launched: 2004 (was 1 Month Loan)
Niche: Instalment, personal
Opening Hours: Mon/Thu (8.30am-7pm), Fri (8am-5pm), Sat/Sun (10am-3.30pm)
Related Brands: Non
Site Address: www.sunny.co.uk
Site Rank (Alexa.com Global): #621,070
Amounts Available: £100 to £2500
Late Payment Fee: £0
Login Provided: Yes
Pricing: £274.44 /£300 (6m)
Pricing with Promo Code: £168.50 /£300 (6m)
*For the promo code, enter SUNNY30. For new customers only
Repayment Terms: 6, 7, 9 & 14 months
Feefo: Not listed
Reviews: 69% (50+ count)
Trustpilot: 86% (6770+ count)
Rivals & Similar Lenders Like Sunny
Sunny’s main competitor has generally been Lending Stream for instalment terms. There are however other high flying brands especially Satsuma Loans and The One Stop Money Shop. Of all those noted, Satsuma’s product flexibility stands out. With pricing, the costs are similar across the major brands, but if you are a first time borrower then you can take advantage of Sunny’s promo code that would hand you the cheapest deal of the pack. You may prefer to go for a leading sector subprime deal. In which case, Fair Finance is cheapest at 6 months charging £116 per £300 borrowed, although once you return for a 2nd loan you’ll pay just £92.
Last Check @ www.sunny.co.uk: February 14th, 2020
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very fast. excellent service
One of the best installment loan companies. Would however appreciate more repayment options.