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.
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.
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
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.
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:
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.