The loan application process for Sunshine Loans is completed online through an easy 3-step process. To be eligible for a loan, you need to meet the following lending criteria:

• Over the age of 18.
• Having a weekly take-home pay of $400. Government benefits (e.g. Centrelink) and a part-time or casual job can both be included in this.
• Bank statements extracted using your online banking details should show your take-home pay.

You also need to provide the following information and documents through the online application form:

• Personal details including Australian Driver’s License or passport
• Contact details
• Income Details
• Online Banking Details

The pre-approval process takes 5 minutes. If you are approved, you’ll receive your loan agreement to review. Once you sign the loan contract and return it, the loan amount will be disbursed. Money will be transferred to the account you specified by 7 PM QLD if you sign a contract offer before 4:30 PM QLD time on the same day. Contracts signed over the weekend or on a holiday will clear only the following business day. However, the fund release time will also depend on the processing and clearance times of the banking institutions.

Some of the notable loan product features of Sunshine Loans include quick pre-approval and the time to release funds. You can get pre-approved for as fast as 5 minutes, with the possibility of same-day fund release once you sign the loan offer within the daily cut-off time. Sunshine Loans also offer an early repayment option without incurring additional fees. The company also provides quicker application and approval processes for borrowers who have previously paid off their loans on time.