What do I need to apply for an installment loan?
  1. Start with filling out the application online, in-store, or by phone.
  2. If you are pre-approved, you’ll need the following documentation:
    • Picture ID with signature (drivers license, state issued ID or passport)
    • Address verification (Most recent utility bill, water bill, etc)
    • Employment and Income Documentation (Most recent paycheck stub)
    • You may be asked to provide additional information, including the following:
      • Phone numbers of personal references
      • Former employer or landlord information

Requirements are different from state to state. Be sure to call your local Sun Loan Company office to get a complete list of documents you will need to provide.

How do I qualify for a Sun Loan Company installment loan?

Here is a quick and easy list to see if you would qualify for an installment loan:

    1. Your Residency: You need to be able to verify your home address.
    2. Your Age: You need to be at least 18 years old. The minimum age in Alabama is 19 years old.
    3. Your Financial History: We will need to look at your financial history.
    4. Your Financial Stability: You need to have the ability to make the monthly payments required to pay off your loan. That money can come from work income, retirement income, Social Security income, or other sources.

There are several things we consider when reviewing your loan application and determining whether you qualify for one of our personal loans.

How long does it take to get a loan approved?

At Sun Loan Company, once you walk into one of our locations with all of your documents, we’ll take your application, process it, and provide you the money you‘ve been approved for usually in under 30 minutes. It’s that easy!

How do I pay my loan?

Call or visit your Sun Loan Company office to make a payment. To avoid any late penalties you’ll need to make your payment on or before your due date, either in person or by phone. You can also make a payment online with your debit card at my.sunloan.com. Contact your nearest office for additional details.

How much money can I borrow from Sun Loan Company?

Loan sizes vary from state to state, depending on state law. In most states, we offer traditional installment loans ranging from $150 to $4,500. Loan terms can range from 4 and up to 48 months depending on the loan amount and the state.

How do I find a Sun Loan Company office close to me?

It’s easy! Click on “Locations” in the menu, type in your zip code and it will locate the three locations nearest to you.

In which U.S. states and countries does Sun Loan Company offer loans?

You are in luck! Sun Loan Company currently offers loans in 7 U.S. states, including: AL, IL, MO, NM, NV, OK, and TX.

Once my loan is approved, where do I get my money?

Once approved, you must visit the Sun Loan location where you applied and your money will be given to you right on the spot. Find our convenient office locations here.

Can I borrow more money?

Anything is possible! If you need to borrow more money, talk to your Sun Loan Company specialist to see if you qualify.

What payment methods do you accept?

We accept debit card payments over the phone, or online at my.sunloan.com. We also take debit card, cash, check, money order, and cashier’s check at our local branches. Contact your nearest location, for additional details.

What if I can’t make payments on my Sun Loan Company installment loan?

We recognize that the unexpected happens, and there may be times when you experience difficulty in making your loan payment.

Please call or visit your local Sun Loan Company location where you received your loan to talk with us and let us know what’s going on with your situation. The earlier you get in touch, the more options we have to help you make your payments. Together, we can find a solution that’s right for you. Remember we’re here to help you.

What is an installment loan?

A traditional installment loan from Sun Loan Company offers fixed rates and fixed payments. Rates are based on state regulations. The loan amount is based on various factors including your personal credit history, your personal income and other personal financial commitments.

Is an installment loan right for me?

If you need extra funds to cover unexpected expenses, an installment loan may be your best choice. You could use one of our personal loans to cover an emergency or unforeseen expense, like a car repair or surprise medical expenses. Or you might use a longer-term installment loan to cover a larger expense, such as a home improvement project.

You should always do your homework on the financial company you are considering, research their history, and ask a friend who has used them before. Call your nearest Sun Loan branch to find out more.

Why do people choose installment loans?

We all have sudden and unexpected expenses that come out of nowhere. They’re hard to plan for with tight monthly budgets. When this happens to you and you don’t have the money, an installment loan can be a sensible and convenient option to provide the needed cash.

What are the benefits of an installment loan?

One of the main benefits of an installment loan, and a major advantage over a payday loan, is that the repayment schedule is fixed with equal monthly payments. Because of this, you won’t be trapped in a never-ending payment cycle of debt like many payday loans may become.

What are common reasons people apply for loans from Sun Loan Company?

Our customers use our traditional installment loans for many reasons, such as: sudden medical expenses, unexpected repair bills, special or seasonal events like trips or special occasions, and more. We help you get your money quickly and on the same day you need it.

Can I get a loan even if I have bad credit?

Sun Loan Company can offer loan approvals even if you have bad credit.* We work with our customers on an individual basis, and set up payment terms that are affordable. Your financial health is what matters most to us. That’s why we’ve served our customers, like you, for over 30 years.


*In Illinois, we operate under a larger loan business model, so our credit standards are higher in Illinois than in other states that offer smaller loans.  Please contact a local branch for more details.

Do you work with customers to get a proper payment schedule?

Yes, we work with our customers in order to offer an affordable monthly payment schedule. We offer fixed monthly installments for up to 48 months (depending on the loan amount and the state.)

Do you check my credit report when I apply for the loan?

Yes, we do check your credit report when you complete an application, but we do not base our approval on your score. Your ability, stability and willingness to repay the loan are the most important things we check when making a decision. For this reason, you will need to provide your name, address, Social Security number, income and other personal information.

Do you report credit Information to the credit bureaus?

Yes, we report all credit transactions once a month to the three major credit bureaus: Equifax, Experian, and TransUnion.