Sunshine Short Term Loans

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Compare the features and fees with a no credit check loan from Sunshine Loans.

Sunshine Loans offers short term loan options up to $2,000. Customers can repay loans over 9-12 weeks and have the option to pay off their loan early without a penalty fee. This loan charges establishment and monthly fees, which are important to consider when comparing the costs. Sunshine Loans doesn't do credit checks but applicants will still need to meet eligibility requirements to apply.

$2,000

Maximum loan amount

30 minutes

Turnaround time

conditions apply

$396

Fortnightly repayment
for $1,500 loan

9-12 weeks

Term of loan

Details

Product NameSunshine Short Term Loans
Minimum Loan Amount$150
Maximum Loan Amount$2,000
Initial Maximium Loan Amount$2,000
Arrears Fee$35
Loan Term9-12 weeks
Turnaround time30 minutes - conditions apply
Costs20% of loan amount + 4% of loan amount each month
RequirementsMust earn a minimum income of $300 per week. Bad credit applicants considered. 50%+ of income cannot be from Centrelink
Available to Centrelink Borrowers?No

How does a short term loan from Sunshine Loans work?

You can apply for up to $2,000 and repay it over one to 15 instalments, depending on the frequency of your pay. Sunshine Loans centre offer 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 $2,000.
  • Turnaround time. If applicants apply on a weekday, the loan may be processed and debited to the account on the same day.
  • No credit check. Sunshine Loans will not check the applicant's credit history and will consider other factors including income, expenses and bank statements when assessing the application. Although the credit history won't be reviewed, applying for a loan will still be listed as a credit enquiry on the applicant's credit report.
  • 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.

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 $2,000, 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

Sunshine Loans will not conduct a credit history check when you apply through Finder.

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.

⚠️ 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.

Financial hardship

If you're experiencing financial hardship and would like to speak to someone for free financial counselling, you can call the Financial Counsellors hotline on 1800 007 007. It is open from 9:30am to 4pm, Monday to Friday. When comparing short term loans, ensure you take into consideration any fees, charges and rates you may be charged. It's important to weigh up all your options before applying for any form of credit.

Ask an expert

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122 Comments

  1. Default Gravatar
    louise
    May 16, 2019

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

    • AvatarStaff
      Nikki
      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!

      Regards,
      Nikki

  2. Default Gravatar
    Patrina
    April 1, 2019

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

    • AvatarStaff
      Jeni
      April 2, 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!

      Cheers,
      Jeni

  3. Default Gravatar
    Stephen
    March 28, 2019

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

    • AvatarStaff
      Jeni
      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 credit enquiry. Please note that every time you make an application for credit, it’s listed on your credit report as a “credit enquiry“. It will be listed regardless of whether the application is approved or not.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  4. Default Gravatar
    Craig
    March 16, 2019

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

    • AvatarStaff
      Joshua
      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!

      Cheers,
      Joshua

  5. Default Gravatar
    Craig
    February 4, 2019

    Can I pay the balance of the loan early?

    • AvatarStaff
      Jason
      February 5, 2019

      Hi Craig,

      Thank you for your enquiry.

      You may do early loan repayment with Sunshine Loans without any penalties or fees.

      To make a payment to Sunshine Loans, you may either call Sunshine Loans from 8:30am to 4:00pm QLD time, Monday to Friday, to make the payment by card or you may sign in to your Sunshine Loans online account at any time to request a balance and receive their payment information.

      Please feel free to get in touch with us through our online chat for any other questions.

      Kind regards,
      Jason

  6. Default Gravatar
    Hayden
    December 22, 2018

    Will the loan I get approved for go in today Evan know it’s satuday

    • AvatarStaff
      Val
      December 22, 2018

      Hi Hayden,

      Thank you for leaving a question and reaching out to finder! Sunshine Short Term Loans states that they do have fast approval so long as all requirements are set in, application form correctly filled correctly and all eligibility requirements are met then even if it is a Saturday, they will get back with you as soon as they can. Hope this helps!

      Cheers!
      Val

  7. Default Gravatar
    peter
    November 23, 2018

    I work seasonally every day from the 27 of dec to the 3rd of oct and its been approximately 44 days since my last pay day and I won’t be getting paid again till the 5th of jan and I’m finding it hard to find a lender that isn’t so strict on the 90 days, is there any lenders I could apply for a loan of 1500-2000 under this circumstance.

    Note: I can pay the whole loan off in the first month I’m back at work.

    • AvatarStaff
      Joshua
      November 26, 2018

      Hi Pete,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      I’m sorry to hear about your situation. It is true that lenders can be strict when it comes to requirements. We do have a guide that could be useful for you. Please go to this page. On that page, you will learn how to be approved for a personal loan even if you have irregular income.

      Moreover, you may consider getting a guarantor to help you get a loan. If you have an asset to serve as a collateral, you may also consider this option.

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

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

      Have a wonderful day!

      Cheers,
      Joshua

  8. Default Gravatar
    Sharnell
    September 18, 2018

    How long does it take to process the loan application

    • Default Gravatar
      Joel
      September 18, 2018

      Hi Sharnell,

      Thanks for leaving a question on finder.

      If you have signed a contract offer before 4:30 PM QLD time your money has been transferred to the account you signed for. It should be available before 7:00 PM today QLD time.

      Unfortunately, they cannot give you an exact time as it will depend on your banks processing time.

      This is the Loan Payment Process:

      1. Apply for a loan and sign the contract before 4.30 pm QLD time on a business day.
      2. We will transfer your $$$ to your bank.
      3. Your bank processes the transfer
      4. The funds will be in your account by close of business, if not sooner.

      Please note that contracts signed on the weekend or public holiday’s will clear by the end of the next business day.

      Send me a message if you need further assistance.

      Cheers,
      Joel

  9. Default Gravatar
    Hellielle
    April 26, 2018

    Hi,

    I just want to know how do you proceeded with the Direct Debit because the money supposed to be debited yesterday but it is not the case. Can you clarify please?

    • AvatarStaff
      Jeni
      April 26, 2018

      Hi Hellielle,

      Thank you for getting in touch with finder.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      I suggest that you contact Sunshine Loan Centres or your lender directly for any queries related to your transaction with them.

      There are instances that the direct debit possibly is just on pending that is why it hasn’t been debited yet or there are changes you made which would need some time before it process.

      You may also ask your bank if there’s any pending payment and if yes, ask them how long will it take to be completed.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  10. Default Gravatar
    Rachael
    February 5, 2018

    I’m just asking can I still get a loan if my pay goes in to my partners bank account thanks

    • Default Gravatar
      Joel
      February 17, 2018

      Hi Rachael,

      Thanks for leaving a question on finder.

      If you do not have a bank account, you can apply for a payday loan on a prepaid debit card. Here’s our guide about prepaid debit cards that can help you access your loan funds without a bank account or strong credit. if you are enquiring about Sunshine, they require bank account details. You may consider the lenders listed on the link I provided above. If you need anything else, please send us a message anytime.

      Cheers,
      Joel

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