CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Short term credit provider Sunny launches innovative new product – Sunny Plus
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Short term credit provider Sunny launches innovative new product – Sunny Plus PDF Print E-mail
Tuesday, 21 July 2015

Short term credit provider Sunny has launched a new product into the UK market, Sunny Plus, with a monthly interest rate at 10.5%, less than half the rate of a typical payday loan.

Sunny Plus is available to customers who wish to borrow larger amounts of money, from £1,000 - £2,500, with the loan term set for 14 months, although customers can repay early in full or in part at any time. Customers can choose to change their repayment schedule to a shorter period and save money as interest payable is calculated daily.
 
The new product sits alongside the Sunny loan, which allows customers to borrow £100 - £950 for up to six months, at a monthly interest rate of 24%. As with a Sunny Plus loan, Sunny customers can pay back their loan early at any time. Both Sunny and Sunny Plus customers continue to benefit from a five day right to change their mind, no fees payable of any kind, and free financial literacy videos and tools. 
 
John-Paul Savant, CEO, Elevate International and Sunny, commented: “We’re excited to be launching our second product, Sunny Plus, with a genuinely competitive APR, making it one of the most innovative products in the market place and one that delivers real value to consumers.
 
“We know from listening to our customers that some need to borrow larger amounts of money for longer, but with the flexibility of knowing they can pay back earlier if needed. Sunny Plus allows customers to do this, whilst allowing borrowing at half the cost of typical traditional payday loans. We believe Sunny Plus will genuinely inject some innovation back into the short term credit market.”

(Source - Sunny Press Release)
 

 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197