Are you in desperate need of quick financial assistance from a trusted loan lender, Sunshine Loans hustle-free application process can assist you in your endeavour and you’ll get the loan amount you applied for in just one business day.
Sunshine requires no paperwork when applying for a loan and you can borrow a loan amount that starts from R500 up to R4000 and the repayment period ranges from 4 days up to 49 days.
Example: When you qualify to borrow the maximum loan amount of R4000 for 49 days, in total you are going to repay a total of R5 012.86 that’s including fees of R1 012.86
Requirements to Qualify for Sunshine Loans
If you are interested in applying for Sunshine Loans you must first know the eligibility requirements to qualify for the credit product.
- Must be a South African citizen
- 18 years or older
- You must be employed or have a stable source of income
- Valid contact details (i.e. email or cellphone number)
- Have an active bank account
- Must have a good credit score
ALSO READ: 5 Easy Ways to Improve your Credit Score in South Africa
Documents Needed When Applying for Sunshine Loans
Unlike other financial institutes or credit providers Sunshine will only require you to send your recent 3 months bank statements, to verify that you have a stable source of income or that you are employed.
Note that, if you have valid documents and meet the 6 requirements mentioned above, you will surely qualify for the loan.
Here’s How To Apply for the Loan
Sunshine offers some of the quickest and safest loan application processes, you can only apply for the loan on the website, and you will be required to complete 6 easy steps, which are as follows:
Step 1: You must choose the loan amount you desire using the slider and select the purpose of your loan by clicking the drop-down list
Step 2: You will be required to provide your Personal Details (i.e. ID Number, Name, Contact details etc.)
Step 3: Provide your Contact Details, where you must choose your residential status on the drop-down list and your physical address
Step 4: Must provide your Financial Details, firstly by choosing your salary payment cycle, whether monthly, weekly or fortnightly then provide the date for your next salary payment
Step 5: You will be then required to Verify your cell phone number, using the One Time Pin (OTP) sent to your phone
Step 6: Lastly you must provide your bank statements showing consecutive salary deposits
When you have concluded the loan application, Sunshine will provide you with the outcome of your application in a couple of minutes.
Frequently Asked Question (FAQ’S)
Q: Where can I apply for the Loan?
A: The application process for Sunshine Loans is only done online you can simply visit their website and they are operative 24 hours/7 days a week
Q: Is it possible to apply at a branch?
A: Sunshine Loans only offers online services so you cannot apply at a branch because there is none.
Q: When will my application be approved?
A: When you’ve applied for the loan online your application will be approved in an hour.
Q: When will the loan get paid into my bank account?
A: That will be determined by the type of bank account you are using but it typically takes 1 business day, for funds to be deposited into your account, if your loan gets approved before 11h30 AM, your funds will be paid the same day.
Contact Details
If you want to get in touch with Sunshine regarding their Loans, the following details can help:
- Customer Care Line: 0870 579 993
- Email Address: info@sunshineloans.co.za
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