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  Sun Loan Personal Installment Loans
Sun Loan Personal Installment Loans
in Personal Loans from Sun Loan Company
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Sun Loan Personal Installment Loans

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in Personal Loans from Sun Loan Company
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Highlights
APR  (Variable APR) 35.99% - 214.28%
(Verified 08/04/2023)
Loan Amount Up to $10,000
Loan Term (Months) Up to 60 months

Sun Loan Personal Installment Loans Review

Sun Loan Personal Installment Loans is offered by sun loan company, a nonbank financial services provider founded in 1988 and based in San Antonio, TX. sun loan personal loans are available in 7 states across the USA.

Key Takeaways

  • Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. Personal loan interest rates typically range between 5% and 36%. The starting rates for Sun Loan Personal Installment Loans are on the higher end of the market.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Sun Loan Personal Installment Loans early.

sun loan personal loans Pros & Cons

Pros Cons
  • APRs as high as 214.28%.
  • Charges an origination fee.
  • Does not offer pre-approval with soft credit pull.
  • Charges prepayment fees.
  • Charges a late fee of up to $28

sun loan personal loans FAQ

What interest rates and personal loan terms does sun loan personal loans offer?

sun loan personal loans has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does sun loan personal loans offer?

sun loan personal loans offers a variable APR personal loan product that ranges from 35.99% APR up to 214.28% APR.

What is the maximum loan term you can get with sun loan personal loans?

sun loan personal loans offers loans with terms of up to 60 months.

sun loan personal loans Interest Rates & Loan Terms
Personal Loan Amount up to $10000
Loan Term up to 60 months
APR 35.99% - 214.28%

What fees does sun loan personal loans charge?

Does sun loan personal loans charge an origination fee?

sun loan personal loans may charge a personal loan origination fee.

Does sun loan personal loans charge a late fee?

No, sun loan personal loans will not charge you a late fee if you miss one of the monthly payments of up to $28.

Does sun loan personal loans charge prepayment fees?

No, sun loan personal loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

sun loan personal loans Fees
Origination Fee No
Prepayment Fee N/A
Late Payment Fee up to $28

What do you need to qualify for Sun Loan Personal Installment Loans?

Sun Loan Personal Installment Loans does not require or does not disclose a credit score minimum.

Sun Loan Personal Installment Loans does not have or does not disclose a minimum annual income eligibility requirement. Sun Loan Personal Installment Loans only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Sun Loan Personal Installment Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Sun Loan Personal Installment Loans.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Driver's license
  • Proof of identity
  • Proof of citizenship or residence permit
sun loan personal loans Eligibility Criteria
Minimum Age N/A
Bank Account Required? No
Application Types Accepted
  • Individual Applications
Credit Score N/A

Does Sun Loan Personal Installment Loans report your account activity to credit bureaus?

Yes, Sun Loan Personal Installment Loans reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Are Sun Loan Personal Installment Loans legit?

Sun Loan Company was founded in 1988, it is a well-established company that has been in business for 35 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:30pm
  • Tuesday 8:30am - 5:30pm
  • Wednesday 8:30am - 5:30pm
  • Thursday 8:30am - 5:30pm
  • Friday 8:30am - 6:00pm
  • Saturday Closed

About Sun Loan Personal Installment Loans

View Sun Loan Company Profile

Availability

  Available in 7 states
  • Alabama
  • Illinois
  • Missouri
  • Nevada
  • New Mexico
  • Oklahoma
  • Texas

Feature Breakdown

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Other
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Cash
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Income
  • Proof of Identity
  • Social Security Number
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options
  • Over the Phone
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
APR Type Variable APR
Loan Amount Up to $10,000
APR (Variable APR) 35.99% - 214.28%
(Verified 08/04/2023)
Loan Term Up to 60 months

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† To check the rates and terms you qualify for, one or more soft credit pulls will be done by SuperMoney, and/or SuperMoney's lending partners, that will not affect your credit score. However, if you choose a product and continue your application at a lending partners' website, they will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.