Which app gives loan in 5 minutes? Specta Fees Interest rate on Loan: 25.5%-28.5%* . One off payment for Insurance: 2.5% . One off payment of Management fees: 1% . Repayment Period: 1-12months . Penalty fee- 1% . Sunshine Loans is committed to providing you with a hassle-free solution to your short term borrowing needs. Our payday loans are designed to help you over a difficult patch up to a 7 week period. We are 100% online, processing applications 24/7, regulated by the National Credit Regulator (NCRCP14110). Example of a small amount loan Our payday loans are R4 000 or less with a minimum duration of 4 days and a maximum of 49 Days. Use the slider above to estimate your repayments. We match your repayments to your pay cycle. By way of example, a loan of R2 800 over 27 days would attract interest and fees of R607.63. The total repayable is therefore approximately: R3 407.63. Loan repayments you can afford Our responsible lending principles aim to provide you with a loan that you can afford. You can use our loan calculator above to work out your approximate repayments before you apply. You must be employed (we cannot help you if the majority of your income is from government benefits), and you will need to download your bank statements via our online application form, so make sure you have your bank details on hand before you start. Apply for a fast loan in minutes We offer small payday loans from R500 – R4 000. Repayments are withdrawn from your account via Direct Debit on the day you are paid on a specific date of the month. The application process is simple and only takes a few minutes. During business hours we typically process and approve applications in less than 60 minutes. Depending on who you bank with, the money can be with you by the end of the business day. Why Sunshine Loans? We’re a fast loan provider Our application form should take you no longer than 5 minutes to complete. Usually we’ve processed your loan a short-time later with the money on it’s way to your bank account by the end of the business day. That’s a seriously fast loan. We’re totally online You don’t have the time these days to deal with manual loan processes. Get your bank details and SAID together and you’re ready to go. You can apply 24/7, we’re always open. We understand things don’t always go as planned , things are getting tough and budgeting doesn’t always work out when unexpected things happen. Our cash loans are not like credit Cards or other forms of revolving credit, you get the money fast, you pay it off fast, and that’s it. If you need us again, just login and apply for an even faster loan. We are committed to responsible lending We take our obligations seriously and we don’t want to lend you money if you can’t afford to repay it. This takes our total focus every day. We care about customer service Just because it’s a small loan, it doesn’t mean it’s not important. If you need to know your current balance, the status of your loan, your repayment dates or get another loan, then you can log onto our secure client area and it’s all there. Alternatively you can call (021) 888 5600 or get us on chat during business hours. Your credit history isn’t perfect You generally do the right thing and pay off your debts and sometimes that takes time. We won’t penalize you because you’ve had some bad luck and you’re credit file isn’t perfect. What we look for is a recent history of repayment and affordability. Who can apply? We have a few essential requirements to be eligible for a Sunshine Loan. You need to be: • Over 18 years of age • A resident of South Africa • Be employed and have a regular income stream