Lender Review: Sunshine Loans


Product Highlights

  • Loans from $2,050 to $2,500
  • Over 9 to 16 weeks

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Company Brief

Sunshine Loans provide loans from $2,050 up to $2,500 with repayment terms from 9 to 16 weeks. The company was founded in 1999 and has offices in Queensland, Australia. You can reach the company daily during its office hours from 9 AM to 4 PM QLD time. The company has an ACN of 092821960 and Credit Licence Number 390556.

Short Term Loans: $2,050 to $2,500

Type of Loan Interest Rate Interest Type Min Loan Amount Max Loan Amount Turnaround time Min Loan Term Max Loan Term
Short Term Loan A maximum of 48% APR (no minimum mentioned on Sunshine Loans website) + $400 establishment fee Fixed monthly fee $2,050 $2,500 24 hours 9 weeks

16 weeks

Sunshine Loans offer small amount loan ranging from $2,050 up to $2,500 with loan terms from 9 to 16 weeks. There is also a default fee of $35. – Monthly fees, early repayment fees, and other loan associated fees must be enquired directly at Sunshine Loans customer hotline.

Note: All information included here in Friendly Finance is accurate and in line with the data provided on Sunshine Loans website as of November 2023.

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Application Process

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.

Notable Loan Product Features

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.

The Company: Sunshine Loans



  • Quick online application and approval process
  • No fees for early additional repayments
  • The easier approval process for customers who already completed previous loan repayments


  • High delinquency fees
  • Delay in processing for borrowers who do not meet all lending criteria

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