Review of “Sun Loan Company” short-term loans

Sun Loan Company can provide money within 30 minutes if you are located in any of its branches. Although you don’t need to have a job or a bank account to be eligible, there are some red flags that you should watch out for.

Sun Loan Company Expert review

An installment loan from Sun Loan Company can be tailored to meet a variety of needs, provided you are in the right place. To deposit or repay your loan, you don’t have to have a bank account. However, the lack of transparency regarding rates and fees may make you reconsider.

Sun Loan, despite its lack of information on costs, is primarily a brick-and mortar business. Although you can apply online, you will need to fill it in person or by phone. Once your funds have been made available, you will need to visit the nearest branch to pick up your check.


  • No bank account required
  • Flexible terms for loans from three to 36 month
  • Reports about the timely payment of major credit bureaus


  • Limited state availability
  • Costs not transparent
  • Cash must be picked up in-store

Sun Loan Company Rates, Fees and Terms

Sun Loan offers installment loans from $150 to $4500, although the amount will vary by state. The loan will be repaid in three to 36 months.

Sun Loan does not disclose its rates online. To find out the total cost of borrowing, you will need to fill out an application.

Is it legal?

Sun Loan’s website uses SSL encryption. This makes it impossible for anyone to see the information you have entered on its online form. Rest of the application can also be completed over the phone or in person.

Sun Loan Company may share your data with third parties that are not affiliated. However, you can opt out by filling out a form, and mailing it to the company’s San Antonio offices. This is in contrast to most lenders who allow you to do this over-the-phone.

  • Compare other short-term loan providers
  • Click Show me my options to see more lenders in your area.
  • You should always do your research before you apply for a short-term loan.

High interest rates and high fees can lead to a vicious cycle of debt, including auto title loans, installment loans, and payday loans. Sometimes borrowers find themselves in a cycle of debt, taking out another loan to pay off the first. Before you decide to take out a short-term loan, consider other options.

Resources available locally. Many local charities, non-profits, and government agencies offer financial assistance and help with rent, food, and utilities for those who are in greatest need.

Payment extensions. If you are behind in payments, talk to your bill providers about extending your payment date or a longer payment plan. Sun Loan Company is not well-known online. The online information is mostly negative.

Sun Loan Company reported incorrectly the repayments of several customers to the major credit bureaus. They also refused to respond to requests to rectify the error. Several customers also claimed that Sun Loan Company was rigid when they lost their jobs and could not make their repayments.

Are you Sun Loan Company Eligible?

You must meet the following requirements to be eligible for an installment loan:

  • Regular income source
  • US citizen or permanent resident
  • Minimum 18 years of age and minimum 19 in Alabama

In which states is Sun Loan Available?

Sun Loan has more than 250 branches in seven states

  • Alabama
  • Illinois
  • Missouri
  • Nevada
  • New Mexico
  • Oklahoma
  • Texas

What information is required to submit a request?

You will need to fill out some information about yourself when you apply online or visit a Sun Loan branch. Photo ID issued by the government

Most recent pay stub Additional information will depend on where you live. Sun Loan can provide a complete list of the information you may need to apply.

How do I apply?

You can find a Sun Loan office near you by visiting its website and entering your zip code. This will make it easy to submit an application. You can visit the office or call to submit information over-the-phone. Or, you can apply online.

Online applications require you to give information about yourself and your income. Sun Loan representatives will contact you within one business day to complete your application. Once your application is approved, you will receive instructions about what you need to bring to your local branch in order to collect your loan funds.

What are my repayment options?

Sun Loan started accepting debit card payments online in August 2020. The online portal lets you review your account activity and make payments. You can also request refinance.

You have more options than just online payments when you call or visit a branch.

  • Check out
  • Money order
  • Cash
  • Debit card
  • For any questions, call your local branch.