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Sunshine Short Term Loans
Maximum loan amount
Turnaround time conditions apply
30 minutes
Fortnightly repayment
for $1,500 loan
Term of loan
12-20 weeks
Do you really need a loan today? If you would like to speak to someone about your finances you can call the free National Debt Helpline on 1800 007 007.


This payday loan comes with a 30-minute turnaround time but also comes with high fees and short loan terms.

Sunshine Loans offers short term or payday loans starting from $2,050 to $3,000. You can repay your loan over 12 weeks to 20 weeks, and have the option of paying off the loan early without penalty. Like other payday loans, this loan charges an establishment fee of 20% of total loan amount, and monthly fees of 4%. Sunshine Loans accepts applications from bad credit applicants. If you receive income from Centrelink, it should be less than 50% of your total income.


  • Fast approval
  • Low minimum borrowing amount


  • Arrears fee of $30 per week
  • Restrictive loan terms
  • High fees on borrowing money

In this guide

  • Review
  • Details
    • Product Details
  • Your reviews
  • Ask a question


Product Details

Product Name Sunshine Short Term Loans
Minimum loan amount $2,050
Maximum loan amount $3,000
Initial Maximium Loan Amount $2,500
Arrears Fee $35
Loan term 12-20 weeks
Turnaround time 30 minutes - conditions apply
Costs 20% of loan amount + 4% of loan amount each month
Requirements Must earn a minimum income of $300 per week. Bad credit applicants considered. 50%+ of income cannot be from Centrelink
Available to Centrelink Borrowers? Yes

⚠️ Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

How does a short term loan from Sunshine Loans work?

You can apply for up to $3,000 and repay it over one to 15 instalments, depending on the frequency of your pay. Sunshine Loans centre offers a same-day turnaround when applicants apply and are approved on a business day. Loans are available to people with a bad credit history but make sure to check the other eligibility criteria before applying.

Features of a loan from Sunshine Loans

  • Loan amount. Sunshine Loans allows customers to borrow up to $3,000.
  • Turnaround time.If applicants apply on a weekday, the loan may be processed and debited to the account on the same day.
  • Repayments.The repayment structure will depend on the frequency at which the applicant gets paid. For instance, if they get paid weekly, Sunshine Loans will organise the repayments to be spread over three to four instalments to ensure it's manageable. If the customer is paid fortnightly or monthly, the repayments will be structured across one or two repayments in the month. Repayments are generally made via direct debit, but customers can also make manual payments via BPAY, bank transfer or a bank deposit. Customers can repay the loan early without paying any penalty fees.

What are the risks of short term loans?

  • Unaffordable repayments. Consider the size of the regular repayments and ensure the loan is able to be repaid during the loan term. If not, extra fees apply to extend it. Be careful, since repayment periods for these kinds of loans tend to be shorter than regular loans.
  • Multiple applications. Every loan application shows up on credit reports. While lenders might not consider credit history, several applications within a short period can have a negative impact on your credit score moving forward.
  • Check rates and fees. Establishment and monthly fees are capped, so be wary of lenders quoting prices beyond the legal maximum amounts. Be crystal clear on what will be charged for late payments or a default on the loan. The total cost of the loan matters here - lenders can charge interest rates on top of everything else.
  • Long-term repercussions and legal issues. Once the loan agreement is signed, the customer is bound to its conditions until the loan and any associated rates and fees have been paid. Typically these loans are unsecured, which means that the lender can initiate legal proceedings against the customer if they can't repay.

How much will a Sunshine Loan cost?

Customers will be charged the following fees:

  • Establishment fee: 20% of the amount borrowed.
  • Monthly fee: 4% of the amount borrowed.

If the customer fails to make repayments on time, the following fees will be charged:

  • Late payment/rescheduling payment fee: $35
  • Account arrears fee: $30 per week after loan completion date

How to apply

If you're looking to borrow up to $3,000, you can click "Go to Site" to get your Sunshine Loans application started. Before applying, check if you meet the eligibility criteria and have the necessary information to complete the application:

  • Applicants need to earn at least $300 per week
  • Applicants must that they can afford the repayments on their current budget
  • Income cannot solely be from Centrelink payments

Required information

  • Personal details. Name, date of birth, driver's licence number and contact information is required.
  • Employment or Centrelink information. This includes the applicant's employer's name and contact details or details regarding Centrelink payments.
  • Financial information. Confirm income and expenses, including wages (after-tax), pension and rent or mortgage.
  • Loan purpose. Confirm the desired loan amount and the purpose of the loan.
  • Primary bank account details. Sunshine Loans require the name of the customer's bank, your account name, BSB number and account number.

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Elizabeth Finder

Lead Editor

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Tonielle Newman

September 03, 2023

I haven’t been able to make repayments due to my phone was destroyed in a house fire also my bank account was closed by the banks cause fraudulent activity my banking was hacked. I am now able to restart paying my debt with yous. I have new mobile and email too


Sarah Megginson Finder

September 04, 2023

Hi Toinelle,

You’ll need to contact Sunshine Short-Term Loans directly with this enquiry, you can reach their support team here:



May 16, 2019

My mobile phone is not working would you be able to email my four digit code instead of an sms


Nikki Angco

May 17, 2019

Hi Louise,

Thanks for your inquiry.

While we have a review page for Sunshine Short Term Loans, We are not able to send over your 4-digit code. Our services doesn’t go beyond user account access. It would be best to reach out to Sunshine directly.

I hope this clarifies!



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April 01, 2019

Can you borrow $3000 if so what would be the repayment weekly or if only $2000 what is the repayment?


Jeni Finder

April 02, 2019

Hi Patrina,

Thank you for getting in touch with Finder.

As per this page the maximum loan amount is $2000. You’ll find out more on your loan’s repayment details once it’s approved. After you click on the green go to site button, you will be redirected to Sunshine Loans’ official page where you may go through its FAQ/more info on their offered products as well start your online application.

Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.

I hope this helps.

Thank you and have a wonderful day!



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March 28, 2019


Can you please confirm if I apply through finder to source the funds through Sunshine Loans the enquiry wont show on my credit file?


Jeni Finder

March 30, 2019

Hi Stephen,

Thank you for getting in touch with Finder.

I’m afraid that Sunshine Loans will not conduct a credit history check ONLY when you apply through Finder but not a guarantee that it will not show as a credit enquiry. Please note that every time you make an application for credit, it’s listed on your credit report as a credit enquiry regardless of whether the application is approved or not.

I hope this helps.

Thank you and have a wonderful day!



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March 16, 2019

I have just changed banks. Will this affect my application?


Joshua Finder

March 17, 2019

Hi Craig,

Thanks for getting in touch with Finder. I hope all is well with you. 😃

Generally speaking, recently switching banks can affect your application. One reason is that most lenders require a 90-day bank account statement. They do this so lenders can ensure you’re in a stable financial situation and able to make repayments.

It is worth noting that ASIC requires all lenders to check the last three months of statements from anyone looking to be approved for a loan. If the lender does not comply with this requirement, they may be risking their credit licence. Moreover, you should also avoid any lender who does not comply with ASIC since you are putting yourself at risk as well.

I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

Have a wonderful day!



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