Types Of Loans

At Sunshine Loans, we provide a variety of loans to see you through your rainy days.

There are lots of types of loans out there, from small term loans to emergency cash loans and much more. These different types of loans all carry different interest rates and repayment requirements, meaning that it can be difficult to find the right loan to suit you.

Here at Sunshine Loans, we focus on fast, small personal cash loans. We make borrowing money simple to ease any financial stress you may have.

How Does A Loan Work?

If you find that you require a loan, it's best to know exactly how they work before you apply.

When it comes to personal loans, they fall into a loan category known as an instalment loan. This means that you borrow an agreed amount of money and repay the loan with interest in monthly instalments over the life of the loan. Both the life of the loan and the interest – the small fee charged to borrow money – depend on the type of personal loan. At Sunshine Loans, we usually require our small loans to be repaid within 9 months.

Once your loan has been paid in full, the account is closed and all repayments end.

What Are The Benefits Of Getting A Loan?

Loans are useful if you need some extra cash for the unexpected things in your life, such as car repairs, medical bills and emergency home repairs. Or maybe you just need a little extra cash to take a much-needed vacation. Used wisely, a personal loan can help to fill gaps in your budget without risking assets such as your car or home.

Small personal loans also tend to be more flexible than other types of loans – interest rates are competitive, monthly repayments stay the same, approval is quick, and you don't necessarily need an excellent credit score.

How Do I Decide Between My Loan Options?

When considering a loan, there are a few things you should look at to ensure you're making the right choice for your financial situation. These include interest rates, establishment fees, the length of the loan, and your ability to repay the loan. As part of our commitment to responsible lending, we urge you to look into the different types of personal loans and whether or not they are right for you.

If you need a little more help deciding which loan is best for you, you can compare the different loans we have on offer below. repayments stay the same, approval is quick, and you don't necessarily need an excellent credit score.

Compare Loan Types

We have a number of different loan types on offer at Sunshine Loans, allowing you to borrow up to $2,000 with minimal paperwork and fuss. These include:

  • Bad credit loan. Even if you don't have a perfect credit score, we are still willing to look into your situation and possibly help you out.
  • Emergency cash loan. If you experience a sudden accident or need to pay some bills in a hurry, we can help you out with some extra money for your emergency.
  • Online loan. Gone are the days of lining up at the bank to secure funds. You can apply for an online loan in as little as 5 minutes, 24/7, and benefit from some of the fastest turnaround times in the industry.
  • Same day loan. Need money in a hurry? Apply online and if your loan is approved within business hours, you will receive your cash on the same day.
  • Fast loan. If something happens and you find that you need some extra cash in a hurry, a fast loan can speed up the process with a simplified application process.
  • Short-term loan. A short-term loan means fewer repayments and less interest generated over the life of the loan. If you can pay the loan back quickly, this is the option for you.

Apply For A Loan

If you're looking for a fast, short-term loan with no hidden fees or charges, Sunshine Loans is here for you. We've helped thousands of Australians with small cash loans of up to $2,000 to ease their financial worries.