Sunshine Loans: 2023 Review

Personal Loans

Sunshine Loans is a financial product and trading name of MoneySpot Finance SA, a registered credit provider in South Africa.

Sunshine loans offer different types of unsecured credit from payday to short-term loans. These are online fast loans you can apply for and get paid today.

Want to know the best part?c

They’ll consider your loan even if you’ve had bad credit history, they’ll assess your loan application based on the recent reports.

Let’s get started.

How Much You Can Get

As indicated in the intro, these are short-term loans designed to be paid on your next salary date.

You can qualify for a maximum loan amount of R4,000 paid directly into your account in 24 hours. Sunshine offers online quick loans, easy process, and no unnecessary paperwork needed.

When you apply, they will conduct certain credit checks on your profile and only offer the amount you can afford to pay back. It’s very important that they practice responsible lending since they’re registered and actively operating with the National Credit Regulator in South Africa.

Of course, Sunshine Loans do everything in their power to give you the response as quickly as possible but some factors on your profile might delay the decision.

Workout Affordability

Sunshine Loans offer an online loan calculator to help you work out your affordability assessments before considering taking the loan.

It’s significant to use a loan calculator to estimate and determine interest rates and so forth. This will put you at a position to make a sound loan decision to protect your credit history as well.

Below is our free loan calculator tool to estimate repayment fees.

Monthly Installment:
Total Payment:
Total Interest:

Do You Qualify?

To qualify for Sunshine loans, you’ll need an excellent or good credit score. Your credit score will be the determining factor for your loan interest rate.

A good credit score will obviously get you the lowest possible interest rate and vice-versa.

Secondly, you must also be employed with proof of income. A statement from which your salary is paid will be required during the application for your Sunshine loans.

Unfortunately, the company won’t help you if the majority of your income is from government benefits. It’s for your protection because there’s a possibility you might not afford to repay the loan.

How to Apply?

You can only apply for the Sunshine loan online.

Follow these simple steps to begin your loan application:

  • Visit
  • On the home page, use the loan slider to select the amount and repayment term.
  • When happy with the outcome, proceed by clicking the ”Apply Online Now’ button.
  • You’ll then be asked if you’re an existing or new Sunshine customer.
  • Then, you’ll be presented with a loan wizard form to complete a few details (persona, contact, employment, and bank statements).
  • Complete and submit your loan application.

You’ll now have to wait for a response from Sunshine to finalize your loan application. If approved, funds will be made available to you in one business working day.

Similar Lenders Under R4,000

To find the best rates, you must always shop around and compare to find the loan best suited for your needs.

Below is a list of similar loans to compare the rates for the same amount that Sunshine Loans offer but with different/similar terms.

Wonga Loans


Repayment Terms

3 month(s)
Installment: R1,368.60
Read review

Low Budget Loans


Repayment Terms

6 month(s)
Installment: R536.33
Read review