Sunshine Credit Review | www.sunshinecredit.co.uk
Address: 31 Dashwood Avenue, High Wycombe, HP12 3DZ.
Branding: Sunshine Credit. AKA: SunshineCredit.
FCA Licence: 672828.
From: The Quick Loan Shop Ltd.
Related: Miss Payday, Quick Loan Shop.
Bad Credit Sunshine Credit Loans Available?: Yes.
Manage: No Sunshine Credit login at www.sunshinecredit.co.uk.
Offers: Payday loans.
Opening Hours: Monday to Friday. Times not disclosed.
Secure (SSL): No.
Sums: £100 to £500 (new and returning).
Terms: 1 month.
£12 /£100 (30) <0.400%>
Notes: This brand is not currently listed as a trading name on their quoted FCA number. The opening times aren’t shared. They display the postcode (HP12 4AN), but we have added HP12 3DZ that is used with their other projects.
Sunshine’s launch took place recently in April 2016. The product on offer is pretty basic on the feature front, but it does certainly shine in the pricing department. The overall daily charge of just 0.4% is half the price of the legal cap (0.8%). This is an impressive feat with few payday lenders managing to sneak under this. The £12 charge on offer matches the first time customer deal at Vivus. The only other improved deal on the market comes from Drafty at £5.40. Drafty is another fresh release for the 2016 year. It is good to see the industry newcomers launching with leading value that is the only real way for them to challenge the majors.
Outside of the competitive value there aren’t any plus points to note. No funding is provided over weekends and no customer logins (as well as SSL) are added to the site. The level of funding is also restricted at £500. It is the low interest rate that stands out, although factoring features it would be Vivus coming out best where you can get the same matched deal as a new customer. The owner’s other recent project (Miss Payday) shares the same features as here with the difference being that you pay 0.8% daily. Then we have the Quick Loan Shop where you can now receive instalment loans as well as going monthly and they also provide logins.