Loans Like Sunshine Loans

Like Sunshine Loans, Upstart has a simple, online application that offers quick approvals for loans to borrowers, regardless of their credit score. Unlike Sunshine Loans, however, Upstart has a strong reputation. It's accredited by the Better Business Bureau (BBB) with an rating and has thousands of positive Trustpilot reviews.

Upstart allows borrowers to access up to $50,000. Its underwriting process relies on artificial intelligence (AI) to factor in nontraditional data like education, grades and job offers to determine your rates and fees. Upstart won't immediately charge a late fee if you miss a payment. Instead, it offers a 15-day grace period.

However, borrowers may face an origination fee of up to 12%, which is very high for a personal loan.

• Not available in: Connecticut, Iowa, Maine, Maryland, Nevada, New York, Oklahoma, Oregon, West Virginia

• Why we like it

  Like Sunshine Loans, Upstart has a simple, online application that offers quick approvals for loans to borrowers, regardless of their credit score. Unlike Sunshine Loans, however, Upstart has a strong reputation. It's accredited by the Better Business Bureau (BBB) with an rating and has thousands of positive Trustpilot reviews.

  Upstart allows borrowers to access up to $50,000. Its underwriting process relies on artificial intelligence (AI) to factor in nontraditional data like education, grades and job offers to determine your rates and fees. Upstart won't immediately charge a late fee if you miss a payment. Instead, it offers a 15-day grace period.

  However, borrowers may face an origination fee of up to 12%, which is very high for a personal loan.

• Pros and cons

  Pros

  • 15-day grace period if you miss a payment
  • Rates start as low as 7.8%
  • Considers education and career in underwriting process

  Cons

  • Origination fees up to 12%
  • APRs as high as 35.99%
  • Only offers two loan terms

• More details

  Loan amount	$1,000 to $50,000
  APR	7.80% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	300
  Turnaround Time	As soon as the same day
  Loan Term	36 or 60 months

Upgrade is a good alternative to Sunshine Loans for borrowers wanting flexible payment options. Like Sunshine Loans, Upgrade has no prepayment fees, but it offers much better repayment terms that range from two to seven years. Additionally, if cash is tight, Upgrade's hardship program lets you make partial payments of 30% to 50%, giving you more breathing room. Plus, you'll have a 10-day grace period before any late fees kick in.

Upgrade offers rate discounts for setting up autopay or using the loan for debt consolidation. While reviews on Trustpilot and BBB praise Upgrade's fast turnaround and customer service, watch out for potentially high origination fees and interest rates.

• Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia

• Why we like it

  Upgrade is a good alternative to Sunshine Loans for borrowers wanting flexible payment options. Like Sunshine Loans, Upgrade has no prepayment fees, but it offers much better repayment terms that range from two to seven years. Additionally, if cash is tight, Upgrade's hardship program lets you make partial payments of 30% to 50%, giving you more breathing room. Plus, you'll have a 10-day grace period before any late fees kick in.

  Upgrade offers rate discounts for setting up autopay or using the loan for debt consolidation. While reviews on Trustpilot and BBB praise Upgrade's fast turnaround and customer service, watch out for potentially high origination fees and interest rates.

• Pros and cons

  Pros

  • Partial payments of 30% to 50% through the hardship program
  • Multiple rate discounts available
  • Fast turnaround for funds and good customer service

  Cons

  • Origination fees as high as 9.99%
  • Income and credit score requirements not disclosed
  • Stricter eligibility criteria for self-employed applicants

• More details

  Loan amount	$1,000 to $50,000
  APR	9.99% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	580
  Turnaround Time	1 to 4 business days
  Loan Term	2 to 7 years

• Partner terms and conditions

  Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 9.99%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's bank partners. Information on Upgrade's bank partners can be found at https://www.upgrade.com/bank-partners/.

Best Egg has a solid reputation as one of the fastest-growing online lending platforms. It's known for its great customer service, quick application process and fast turnaround, and it has positive reviews on the BBB and Trustpilot. To qualify, however, you'll need a credit score of at least 640, and the best loans go to borrowers with credit scores of 700+.

Unlike Sunshine Loans, which has a maximum loan amount of $2,000, Best Egg offers secured and unsecured loan options for up to $50,000. You can get rate discounts for secured loans, and you can also lower your rates with Best Egg's direct payment option for debt consolidation. Be wary of origination fees, however, as you could end up with a fee as high as 9.99%.

• Not available in: Iowa, Vermont, West Virginia

• Why we like it

  Best Egg has a solid reputation as one of the fastest-growing online lending platforms. It's known for its great customer service, quick application process and fast turnaround, and it has positive reviews on the BBB and Trustpilot. To qualify, however, you'll need a credit score of at least 640, and the best loans go to borrowers with credit scores of 700+.

  Unlike Sunshine Loans, which has a maximum loan amount of $2,000, Best Egg offers secured and unsecured loan options for up to $50,000. You can get rate discounts for secured loans, and you can also lower your rates with Best Egg's direct payment option for debt consolidation. Be wary of origination fees, however, as you could end up with a fee as high as 9.99%.

• Pros and cons

  Pros

  • Funding as soon as the next business day
  • Overwhelmingly positive reviews on the BBB and Trustpilot
  • Rate discounts for secured loans

  Cons

  • Not available in all states
  • Origination fees up to 9.99%
  • Not available for borrowers with bad credit

• More details

  Loan amount	$2,000 to $50,000
  APR	7.99% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	640
  Turnaround Time	As soon as the next business day
  Loan Term	3 to 5 years

• Partner terms and conditions

  *Trustpilot TrustScore as of December 2022. Best Egg loans are personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, N.A., Member FDIC, Equal Housing Lender. The Best Egg Credit Card is issued exclusively by First Bank & Trust, Member FDIC, Brookings SD pursuant to a license by Visa International. Visa is a registered trademark, and the Visa logo design is a trademark of Visa International Incorporated. “Best Egg” is a trademark of Best Egg Technologies, LLC. Offers may be sent pursuant to a joint marketing agreement between Cross River Bank, Blue Ridge Bank, N.A. and/or First Bank & Trust and Marlette Marketing, LLC, a subsidiary of Best Egg, Inc.
  
  The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; Ohio, $5,001; and Georgia, $3,001.
  
  For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 8.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–8.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. For example: a 5‐year $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 7.99% APR has 36 scheduled monthly payments of $155.12. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Best Egg products are not available if you live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories. TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL–Operations Manager, Email: crt-resolutions@bestegg.com, Address: P.O. Box 42912, Philadelphia, PA 19101, Phone: 1-855-282-6353. This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website https://www.rld.nm.gov/financial-institutions/

Similar to Sunshine Loans, Avant doesn't have a minimum credit score requirement, but it stands out by considering multiple factors, such as income and repayment history, to determine rates and terms. Notably, Avant accepts self-employment income, which is uncommon among personal loan providers.

Avant offers interest rates starting at 9.95% and an administrative fee of up to 4.75%, which is relatively low for borrowers with bad credit. Avant is also accredited by the BBB with an A+ rating and has plenty of positive reviews on Trustpilot.

• Not available in: Iowa, Kentucky, Massachusetts, Michigan, Montana, Virginia, West Virginia

• Why we like it

  Similar to Sunshine Loans, Avant doesn't have a minimum credit score requirement, but it stands out by considering multiple factors, such as income and repayment history, to determine rates and terms. Notably, Avant accepts self-employment income, which is uncommon among personal loan providers.

  Avant offers interest rates starting at 9.95% and an administrative fee of up to 4.75%, which is relatively low for borrowers with bad credit. Avant is also accredited by the BBB with an A+ rating and has plenty of positive reviews on Trustpilot.

• Pros and cons

  Pros

  • Accepts self-employment income
  • Caters to borrowers with bad or fair credit
  • Prepay your loan without additional fees

  Cons

  • Potential for high origination fees
  • Not available in all 50 states
  • No cosigners, joint applicants or collateral allowed

• More details

  Loan amount	$2,000 to $35,000
  APR	9.95% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	550
  Turnaround Time	As soon as the next business day
  Loan Term	24 to 60 months

• Partner terms and conditions

  Personal loans from $2,000–$35,000. If approved, the actual loan amount, term, and APR that a customer qualifies for may vary based on credit determination and other factors. Avant branded credit products are issued by WebBank, member FDIC.

Many lenders need to see a reliable, verifiable source of income to approve loans, which can be difficult for those who are self-employed or work in the gig economy. But Dave — a cash advance provider, not a lender — offers advances up to $500 even to non-traditional workers. You'll have to pay it back out of your next deposit, however, which is a much shorter loan term than Sunshine Loans. But there are no interest charges or late fees, so you'll only repay what you borrow.

• Available in all states

• Why we like it

  Many lenders need to see a reliable, verifiable source of income to approve loans, which can be difficult for those who are self-employed or work in the gig economy. But Dave — a cash advance provider, not a lender — offers advances up to $500 even to non-traditional workers. You'll have to pay it back out of your next deposit, however, which is a much shorter loan term than Sunshine Loans. But there are no interest charges or late fees, so you'll only repay what you borrow.

• Pros and cons

  Pros

  • No interest or late fees
  • No credit check
  • No direct deposit required

  Cons

  • Smaller maximum loan amount
  • Shorter loan terms
  • Charges fees for fast transfers

• More details

  Loan amount	Up to $500
  Interest rate type	Fixed
  Loan Term	Varies
  Turnaround time	Up to 3 business days or instant for a fee

EarnIn is a paycheck advance app rather than a lender like Sunshine Loans, but it won't check your credit or charge interest or late fees. In fact, EarnIn offers completely free advances up to $750 that you'll repay once your next paycheck drops. You'll only pay a small fee if you don't want to wait one to three days for free delivery of your funds. But you may have to submit timesheets or otherwise prove your hours worked.

• Not available in: Connecticut

• Why we like it

  EarnIn is a paycheck advance app rather than a lender like Sunshine Loans, but it won't check your credit or charge interest or late fees. In fact, EarnIn offers completely free advances up to $750 that you'll repay once your next paycheck drops. You'll only pay a small fee if you don't want to wait one to three days for free delivery of your funds. But you may have to submit timesheets or otherwise prove your hours worked.

• Pros and cons

  Pros

  • Advances up to $750 per pay period
  • No interest or late fees
  • No credit check

  Cons

  • Advance based on hours worked
  • Can only request $150 per day

• More details

  Loan amount	Up to $750
  Interest rate type	Fixed
  Loan Term	1 to 4 weeks
  Turnaround time	1 to 3 business days or within minutes for a fee starting at $2.99 per transfer

• Partner terms and conditions

  EarnIn is not a bank. Access limits are based on your earnings and risk factors. Available in select states. Terms and restrictions apply. Visit EarnIn.com for full details. Expedited transfers available for a fee. Visit Earnin.com for full details.