Disclaimer: The information on this website is of general nature and does not take into consideration your objectives, financial situation, or needs.
The Annual Percentage Rate (APR) is not applicable to loans offered by Sunshine Loans. The minimum term is 63 days and the maximum term is 98 days. The cost of the loan is a 20% establishment fee on the amount borrowed and a monthly fee of 4% charged on the amount borrowed. For example, a $1,000 loan borrowed over 6 months is a total of $1,440 ($1,000 principle, $200 establishment fee and $240 in monthly interest). Monthly repayment is $240.
WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. How much someone can borrow will be based on the information they provide to us during the loan assessment.