Sunshine Loans – review 2026
Pros
- Fee caps mandated by federal law protect against excessive charges
- Same-day funding for eligible applicants
- Short minimum term of 2 months
- Simple online application process
- ASIC-licensed SACC provider
Cons
- SACC fees equate to high effective annual rates
- Maximum loan of AUD 2,000
- Maximum term of 6 months
- Not a suitable solution for ongoing financial needs
- Welfare recipients subject to additional income testing
Sunshine Loans Review
Sunshine Loans provides small amount credit contracts (SACCs) in the AUD 500 to AUD 2,000 range under the fee structure mandated by the National Consumer Credit Protection Amendment (Small Amount Credit Contracts and Consumer Leases) Act 2013. The maximum fees allowed are a 20% establishment fee and a 4% monthly fee on the outstanding amount.
Loan terms range from 2 to 6 months. The lender uses automated bank statement analysis to verify income and assess affordability. Same-day funding is available for applications submitted before the lender's daily cut-off time.
Requirements
- Australian citizen or permanent resident
- Minimum age 18 years
- Regular income (employment, Centrelink subject to income thresholds)
- 100 points of ID required
- Australian bank account in applicant name
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.