Sunshine Credit allows you to get a payday loan of up to $1,500 from an established credit firm.
Sunshine Loan Centres Pty Ltd is an Australian owned and operated business that has been offering loans since 1999. The firm specialises in offering short-term loans for periods ranging from one to eight weeks.
The firm is a member of the Credit and Investments Ombudsman Limited, which offers consumers an accessible, independent and fair external dispute resolution service approved by the Australian Securities and Investments Commission.
Other Short Term loans
Whilst we don't directly compare Sunshine Credit loans, take the time to compare the loans below to the information provided for Sunshine Credit.
Types of personal loans from Sunshine Credit
The payday loans offered by this firm are meant to assist people in paid employment overcome short-term financial shortfalls. This is not a long-term facility, and is only suitable to help you tackle small bills and emergencies.
The firm will lend you money for almost anything. These include things like bond and rent, cars, bikes, boats, consolidation, medical, household goods, vehicle repairs and holidays meaning you can be covered for a large variety of financial emergencies.
The firm charges an establishment fee and a monthly fee on its loans. Other fees are charged for missing or rescheduling payments. When your loan account is turned over to the firm’s collection team, more fees will also be charged.
Features and benefits of a Sunshine Credit personal loan
Competitive fees. The loans have a simple cost structure. There is an establishment fee based on the amount borrowed. There is also a monthly fee, which is similarly based on the amount borrowed.
Low amounts. You can borrow as little as $100, going up to $1,500. That means you do not have to take more money than what you need to cover small emergencies.
Loan rescheduling. If you find that you cannot pay on time for whatever reason, the firm can help you by rescheduling your loan. There is a fee for missing or rescheduling repayments. If your account remains in arrears after the original loan completion date, you will be charged a weekly fee while the firm's collections team manages your account. Your account will be capped if it reaches double the principal you originally borrowed.
No loan renewal. The firm does not renew loans by rolling them over or by refinancing them. You must finalise your loan before you can apply for a new one. Therefore, there are no renewal fees.
Credit check. The firm conducts a credit check to help assess an application. If you have a mark on your file, that does not mean that you will not qualify, but each application is assessed on its own merits.
How to apply for a personal loan from Sunshine Credit
Online applications can be made 24 hours a day, 7 days a week. That also means you can conveniently use your smart phone, tablet or computer to apply from wherever you may be. Sunshine Loan Centres will make a preliminary assessment of your suitability. You will be notified immediately as to whether you have been approved or not.
To qualify, you must be employed and earning a minimum income of $450 take home pay per week. You must be able to satisfy the firm that you can comfortably afford your advance on your current budget, and you must not have any major unpaid defaults with other lenders.
Apart from salaried employees, Sunshine Loan Centres also lends money to the self -employed for business or personal use. You can even apply when you are on pension, as long as there is enough income that will allow for repayments. Since the process is online, there is no paperwork involved.
Once you are approved and your contract is signed, the funds will be transferred to your bank account within 30 minutes during normal business hours. For repeat customers, applying for subsequent loans is easy as the firm already has all your information on file.