Sunshine Loans

Situated in Stellenbosch, Western Cape, Sunshine Loans is a loan agency that offers short-term, unsecured loans. They’re compliant with the National Credit Regulator (NCR) and believe in responsible lending.

To dissuade consumers from becoming overextended, they do credit checks and you must be employed to access credit. They’ll also only allow one loan at a time.

Their affordability check ensures you can pay the money back easily because they’re serious about helping you improve your finances. They're dedicated to delivering easy solutions to your problems and have created several products to achieve this with ease.

Sunshine Loans is upfront with you

All fees and interest will be worked out beforehand and shown on the loan contract for your approval before you sign the agreement. Communication is simple and all checks will be done only if you agree to it.

You can always contact Sunshine Loans and make arrangements to pay if anything goes wrong. There's a customer portal for your convenience where you can keep track of your loan and the payments made.

One loan at a time

While it may seem easy to borrow extra money, it’s not always a good idea. Sunshine Loans has a policy of only one loan per customer until that loan is paid off.

You’re allowed to repay your loan early at no extra cost to you. Having a good repayment history will help, should I need to borrow again in the future. Everything is done online and you can call them if necessary. There’s no paperwork. Repayments will be arranged by direct debit on the day you get paid.

Quick cash loans:

Sunshine Loans is a relatively new provider of quick loans. To ensure top-class service they’ve searched worldwide to find the best solutions. They’ll also ensure you don't have to wait any longer than necessary to get the credit you need.

You need to know how much you can afford to repay every month. It's a quick process and the money will be paid out in under an hour. To qualify, you have to be employed but your credit record doesn't have to be perfect.   Sunshine Loans knows that sometimes the unexpected happens and wants to help you with a service that is as quick, easy, and as clear as humanly possible.

Payday loans are small loans and unsecured, taken over the short term and are ideal for you if you are experiencing cash flow problems.

These loans range between R500 and R4000. This is the sort of loan you might take out to pay for unexpected expenses, such as repairs or to tide you over until your next salary comes in. 

Cash advance:

This type of loan is usually less than R4000 and is repaid in under 7 weeks. Similar to payday loans, a direct deposit deducts your repayment and you can generally draw the money on the same day.

Emergency loan:

Sunshine Loans make getting this type of credit quick and simple. Emergency loans often cover vet or medical expenses. Urgent, essential expenses for which you may have yet to plan.

Your repayment will be made in the same way, i.e. by direct debit on your payday, but these loans may carry over a longer period, to ensure payments are manageable. This option becomes available if you have a good lending history with them.

Short-term loans:

These extend over a term of at least 4 days and are repaid in instalments. Usually, the loans are worked out over 2 to 3 months which is how you might typically understand a short-term loan.

Their offering is an online short-term loan of R500 - R4000, over up to 7 weeks. Again payments are set up to be deducted from your account via direct debit on the same day you get paid.

Personal Loan:

These are unsecured loans of under R4000 created to cover larger-than-normal expenses.  Your repayments will be taken on future paydays in easy repayments, to make the process easier.

Personal loans with Sunshine Loans are usually larger than typical payday loans and subject to your positive payment history with them.