Loans Like Sunshine Loans

loans like sunshine loans

Sunshine Loans are a popular option for fast financing. But is this the right choice for you? If you are looking for a fast cash loan online, keep reading to learn about your different loan options and how to choose the best offer for your current situation. 

People take out online loans for all types of reasons. Based on a 2021 survey, 37.17% of personal loan borrowers used their loan money to consolidate outstanding debt, while 26.36% paid medical bills.1 If you need same-day funding, know that you have various options available, such as personal loans and bad credit loans. Learn more about those options with CreditNinja!

Finding the Right Personal Loan

A personal loan is a type of installment loan offered by financial institutions. Most people use personal loans or payday loans when they need to borrow money quickly with less-than-perfect credit. But which of these unsecured loans is right for you? 

How Does a Personal Loan Compare to a Payday Loan?

Comparison PointPersonal LoansPayday Loans
Interest RatesTypically range from about 6% to 36%High-interest rates, often significantly higher than personal loans
Loan AmountVary widely, from around $1,000 to $50,000 or moreUsually small amounts, often $500 or less
Repayment PeriodBorrowers typically get between one and seven years to repayShort-term, often due on your next payday (2 to 4 weeks)
Eligibility CriteriaRequire proof of identification, income, and a bank account. Credit history is often consideredRequire only proof of identification, income, and a bank account. They are often made to people who have bad or nonexistent credit
Processing TimeVaries, but some lenders offer fast funding timesUsually quick, as they are designed to provide immediate cash needs
Fees and ChargesVaries by lender, but some may charge origination fees, late fees, etc.Often have high fees in addition to their high-interest rates

*Please note that the specifics can vary based on the lender and the individual’s financial situation. Always read the terms and conditions carefully before taking out a personal loan or payday loan.

How To Get the Best Personal or Payday Loan?

If you need short term loans, you may wonder how you can find the right personal or payday loan for your unique situation. Finding the best cash advance loans is easy once you know the type of terms you want. For example, how much money do you need, and do you want a predictable payment schedule?

Ask yourself the following questions when you are looking for cash loans:

  • How soon do you need the money?
  • Do you need a small or large loan amount?
  • Do you want a fixed or variable rate? 
  • Do you want weeks, months, or years for repayment?
  • Do you want to use collateral?

Loans Like Sunshine Loans: What You Need To Know

Sunshine Loans is an online loan provider that offers a variety of fast personal installment loans. They aim to provide an easy approval process that requires no paperwork. 

If you are thinking about getting one of these loans online, it’s vital to learn more about them before submitting an application. You will find crucial information on this lender down below. 

What Type of Loans Can I Get?

Sunshine Loans are only available in certain states, although the official website does not list which states offer them. However, these are the types of fast loans that Sunshine Loans offers:

Installment Loan

These small unsecured personal loans range from $100 to $2,000. Borrowers can repay their loans in 10 equal weekly or 5 bi-weekly installments. According to Sunshine Loans, a clean financial history is not required for loan approval. 

Cash Advance

A cash advance loan is a small loan that is typically less than $500 and repaid in less than 8 weeks. Eligible borrowers can typically get their money the same day they apply. 

Emergency Loan

An emergency loan from Sunshine Loans provides money for unexpected expenses, such as medical or vet bills. Repayment of an emergency loan is typically automatically withdrawn on the borrower’s next payday period. However, the repayment length can last longer, depending on the borrower’s lending history. 

Short-Term Loan

A short-term loan provides between $100 and $2,000 in fast cash. The debtor has up to a 30-day repayment period. On the repayment date, the money is withdrawn via ACH debit on the borrower’s next payday. 

Personal Loan

Personal loans are unsecured loans that provide up to $2,000 for upcoming bills and other expenses. The amount of time a borrower has to repay varies, but monthly payments are deducted from recurring income payments.

Quick Cash Loan 

A quick cash loan is for borrowers that cannot wait to receive money. To help speed up the process, borrowers should have their phone and bank details on hand and know exactly how much they can afford to repay monthly.  

How Do They Work? 

Sunshine Loans provide a lot of instant loan products, but they are all very similar. If you are looking for loans online, you may want details about the potential loan terms you will get. Sunshine Loans provides limited upfront information on their specific terms. 

However, they also have a high-cost disclosure on their website, which emphasizes that they have high rates and are not a long-term financial solution. If you are thinking about working with them, ensure you ask a lot of questions about your loan terms before signing any financial contract. 

  • Loan Amount — Loans range from $100 to $2,000. Although the amount a borrower can get depends on their financial background and income. 
  • Credit Score Criteria — Sunshine Loans state on their website that they focus on a borrower’s history of repayment when making approval decisions, so perfect credit is not required. 
  • Repayment Length — Sunshine Loans provide short-term funding. According to their website, most personal loans are repaid in 5 bi-weekly installments, which is a little longer than two months. However, a maximum repayment length is not specified.  
  • Installment Payments — Loan payments are made in weekly or bi-weekly payments, depending on the borrower’s pay cycle. 
  • Interest Rates — Sunshine Loans does not provide their interest rate range, although they list a disclosure that states, “loans arranged by sunshine loans have a high apr and should not be used as a long-term financial solution.” 

Loan payments are automatically withdrawn from the borrower’s checking account through direct debits. Direct debits are typically scheduled on the day a borrower’s salary or benefit is credited to their financial account. 

Who Are They For? 

Sunshine Loans are for consumers that need quick cash loans to get back on their feet. According to their official website, they offer fast cash, easy repayment terms, and affordable payments. 

However, they also have a high-cost disclosure on their website, which emphasizes that they have high rates and are not a long-term financial solution. If you are thinking about working with them, ensure you ask a lot of questions about your loan terms before signing any financial contract. 

To be eligible for personal loans through Sunshine Loans, an applicant must meet the following requirements:

  • Be of legal age to contract in their state of residence.
  • Be a U.S. citizen or permanent resident.
  • Be a resident in the state where Sunshine Loans are offered.
  • Have a checking account.
  • Have a steady source of income.
  • Have a valid cell phone number.
  • Have an active email address.

How Will the Application Process Work?

Sunshine Loans have an entirely online process, so there are no branch locations you may visit. In order to apply, consumers have to complete and submit an application form on the secure lender website. The website can be accessed on a computer, tablet, or mobile phone. 

The application form will require the following information:

  • Your driver’s license number.
  • A valid cell phone number.
  • Your banking details.

Internet banking details are necessary to ensure you do not fall into difficulties during the repayment process. Consumer information is encrypted and stored in a highly secure data center to generate a read-only data feed, which allows Sunshine Loans to make an approval decision.

CreditNinja: How Does It Compare?

CreditNinja provides personal installment loans with same-day approval decisions.* Since 2018, we have helped over 275,000 consumers across the nation get the online loans they need quickly for unexpected expenses. 

Keep reading to learn more about CreditNinja and the types of benefits we offer. 

Does CreditNinja Require Perfect Credit? 

Unlike other lenders, we consider more than your creditworthiness for loan approval. Many people settle for bad credit loans, such as payday loans, when they have subprime credit. But these cash loans typically have sky-high interest rates and hidden fees. But at CreditNinja, a perfect FICO score is not necessary to qualify. 

There are alternative factors that may qualify you for emergency cash assistance, such as:

  • Payment history.
  • Debt-to-income ratio.
  • Monthly income.  

If you have a bad credit score, know that you may still be eligible for an unsecured loan with competitive rates and terms. And if you receive approval for a personal loan, know that you can keep working on building a good credit score by avoiding late charges. There are also several ways to clean credit in 60 days!  

What Can I Expect if I Work With CreditNinja?

Installment loans from CreditNinja have personalized terms to fit your unique financial needs. If you need to borrow money with low credit, you may have thought about using no credit check loans. But no credit check loans can be deceitful. Many lenders that don’t require a credit check tend to have excessively high-interest rates, which can result in even more financial issues. 

At CreditNinja, we do credit checks and use the information to create your loan terms. By taking your personal finances into account, we can make a loan offer that works for you. We go above and beyond by offering convenient loan terms, a flexible repayment schedule, and quality customer service. 

How Will the Application Process Work?

The application process for our installment loans is easy and hassle-free. You do not have to travel or provide paperwork, as the entire process is done online. 

Take a look at what you can expect from our 3-step process:

Step 1: Application

Anyone that’s interested in working with us can start the process by submitting basic information through our online application form. 

Step 2: Qualification 

You will receive an approval decision after submitting your online application. We consider various factors, so even those with bad credit could qualify for cash loans. You can review your personalized loan amount, rate, and terms before signing up. 

Step 3: Funding

Eligible applicants can potentially get their money the same day they apply!* We send funds through direct deposit, so you can get spending money in your financial account quickly. 

Frequently Asked Questions About Sunshine Loans

Who decides if I am eligible for a Sunshine Loan?

The eligibility for a Sunshine Loan is determined by the lender. They will consider factors such as your income, credit history, and the information you provide in your application.

What are the benefits of Sunshine Loans?

Sunshine Loans offer a variety of loan types to suit different financial needs. They provide a fast and convenient online application process, and they don’t require a perfect credit history for loan approval. However, it’s essential to understand the terms and conditions before taking out a loan.

What are the interest rates for Sunshine Loans?

The interest rates for Sunshine Loans can vary depending on the type of loan and the borrower’s credit history. It’s important to check the specific interest rate and APR before taking out a loan.

What are the pros and cons of Sunshine Loans?

Pros: A fast and easy online application process and a variety of loan types, and they don’t require a perfect credit history for approval.
Cons: The interest rates can be high, especially for those with poor credit. It’s also important to be aware of any additional fees and charges.

What is the late payment fee for a Sunshine Loan?

The late payment fee for Sunshine Loans can vary depending on the terms and conditions of the specific loan. It’s important to understand these fees before taking out a loan.

What is the penalty for prepaying a Sunshine Loan?

Some lenders may charge a prepayment penalty if you pay off your loan early. The terms and conditions of Sunshine Loans should specify whether or not there is a prepayment penalty.

What is the grace period for a Sunshine Loan?

The grace period for a Sunshine Loan can vary depending on the terms and conditions of the specific loan. It’s important to understand these terms before taking out a loan.

CreditNinja’s Thoughts on Sunshine Loans and Similar Products 

If you need quick personal loans, you may be torn between installment loans and payday loans. Although payday loans are convenient, they can cause unnecessary financial stress, which is why 16 states prohibit extortionate payday lending.2 An installment loan could help you get the money you need instantly at affordable terms. 

However, it’s vital to make comparisons between lenders and loan terms. Although a lender is popular, they may not offer the best terms for your unique situation. Consider your budget and what you can afford to repay before deciding between two or more loans online. 


  1. Personal Loans Statistics│Yahoo
  2. Legal Status of Payday Loans by State│Consumer Federation of America
  3. Welcome Page│Sunshine Loans 
  4. Frequently Asked Questions│Sunshine Loans 

Additional Loan Options

KashableCheck into CashSpeedy Cash
Rise CreditWorld FinanceCashNetUSA
ElasticFig LoansNetCredit
UprovaPossible FinanceDave

Read More
how to get rid of late payments on credit report
You can only get rid of late payments on a credit report if there was a credit reporting error or fraud—which can be done through…
missed payment for car repo
While missing just one payment may not do severe damage to you as long as you are able to contact your lender and cover the…
struggle meals
Looking for the best struggle meals available? Sometimes eating healthy when you are on a budget seems like an impossible task. Instead of getting extra…
Credit Score Simulator Paying off Debt
A credit score simulator is a tool that can show you an estimate of the impact of your actions on your credit, actions such as…

Quick And Easy Personal Loans Up To $2500*