
Get exclusive money-saving offers and guides
Straight to your inbox
Sunshine Loans offers short term or payday loans starting from $150 to $2,000. You can repay your loan over 9 weeks to 14 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.
$2,000
Maximum loan amount
30 minutes
Turnaround time
conditions apply
$396
Fortnightly repayment
for $1,500 loan
9-14 weeks
Term of loan
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | Sunshine Short Term Loans |
---|---|
Minimum loan amount | $150 |
Maximum loan amount | $2,000 |
Initial Maximium Loan Amount | $2,000 |
Arrears Fee | $35 |
Loan term | 9-14 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 |
If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support.
Do 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:
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.
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 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.
Customers will be charged the following fees:
If the customer fails to make repayments on time, the following fees will be charged:
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:
May 16, 2019
My mobile phone is not working would you be able to email my four digit code instead of an sms
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
April 1, 2019
Can you borrow $3000 if so what would be the repayment weekly or if only $2000 what is the repayment?
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
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?
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!
Cheers,
Jeni
March 16, 2019
I have just changed banks. Will this affect my application?
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
February 4, 2019
Can I pay the balance of the loan early?
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, you may either call Sunshine Loans from 8:30 am to 4:00 pm QLD time, Monday to Friday. To make the payment by card, you may sign in to your online account 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