If you’ve been searching for information on applying for a Sunny loan you may be aware the company has now gone into administration. This means that since June 2020 they’ve no longer been able to offer finance to new customers. You’re not currently able to apply for a Sunny loan.
Satsuma short term loans features
Satsuma’s short term loan amounts for new customers are from £100 to £1,000, subject to affordability.
At Satsuma, our repayment options are either weekly or monthly. 3-12 months depending on which you prefer.
Check before you apply
Satsuma offer pre-application eligibility checkers. Sunny also used to. With Satsuma you can find out if you’ll be accepted for a Satsuma loan without affecting your credit rating*. If you do then choose to complete a full application we do then conduct a full credit check thereafter.
How it works
We check your info
It's not a full application so we only need a few details
Protect your credit score
No matter the result, it won't affect your credit score unless you choose to apply
Give you your result
You'll find out in 60 seconds. We'll need to check your details if you choose to apply*
Choose your loan
Flexible loans to suit you
As a new customer you can apply to borrow up to £1,000 for between 3 and 12 months. Our easy to use calculator shows you how much you could expect to pay back.
And another difference, Satsuma also give you the choice of weekly rather than just monthly payments, giving you the chance to choose what’s right for you. Sunny didn’t have this option.
Can I apply for a Satsuma loan?
You can apply for a Satsuma loan online. We do require some details in order to complete the application. If approved, the money can be transferred into your account on the same day.
* Unless you choose to apply, approval for a Satsuma Loan is subject to successful completion of affordability and identity checks. Satsuma Loans are only available to UK residents who are at least 18 years old and have a valid UK bank account and debit card.
Representative example: £480 loan repayable over 9 months. 9 monthly repayments of £106.56. Rate of interest 133.1% p.a. fixed. Representative 535% APR. Total amount payable is £959.04