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Sunny Loans | Reviews

Sunny Loans

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%.

Company Details

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 (📧):

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:

Site Rank ( Global): #621,070

Product Specs

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

Review Feedback

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 @ February 14th, 2020

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Average rating:  
 2 reviews
by lee on Reviews

very fast. excellent service

by Ann on Reviews

One of the best installment loan companies. Would however appreciate more repayment options.