Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.6
(22 Ratings)

Sunbit PayOff

Advertiser Disclosure

Repayment of loan

The repayments are automatically deposited or withdrawn according to the arranged schedule with the debit card used for down payment or another payment method submitted during the bargain.

Accepted types of payments: authorized recurring debit card or remotely created check (RCC) payments. They are made using your bank account and the routing number you provide to a company. Certain borrowers may also pay installments by check or money order.

The interest rates are different: 0% — 35.99% per annum, determined by the creditability and state of residence. Interest rates, cash amounts, and terms are lower in some states.

For instance, Colorado residents and merchant locations: 0-35.99% APR for loans of $1,000 or less; 0-20.99% APR for loans over $1,000 but not more than $3,000; 0-14.99% APR for loans over $3,000. New York residents and merchant locations: 0-15.99% APR.

Several merchants enable to use the deferred interest promotion. For example, if you deal with this exact retailer, you could avoid paying interest. In this case, you should prepay borrowed funds in full within one month of the date of the agreement. If it's not paid back by this time, the interest will accrue, and the borrower is responsible to pay it off. Also, a 3-month 0% APR plan is available for borrowers at participating businesses only.

The terms are 3 — 12 months with up to a 72-month plan for dental care. The length of the payment period depends on the customer's creditability, retailer, and state.

For example, purchase $580 with a 33% APR, $116 down payment, and a 12-month term. Monthly repayments would be $45.92, and the total cost would be $667.07. The terms may vary.

If you want to pay early, make an additional payment, manage your loan or change your payment information, use your profile at the official website, call Sunbit Customer Support at 855-678-6248 or use the mobile app. There aren't any hidden costs or prepayment penalties.

Conditions of loan extension

You can change your repayment date one time per purchase. It changes the date for every future monthly payment.

To do it, call Sunbit Customer Support at 855-678-6248.

Late payments aren't fined.

If a payment is due and you cannot pay, contact Sunbit Customer Support at 855-678-6248 to find another solution.

Early payoff

It's encouraged to pay off early, make additional repayments or settle an entire loan for free, and there are no prepayment penalties. These functions can be handled online through your personal profile or mobile app.

You can call Sunbit Customer Support at 855-678-6248 to change your payment date or amounts.

Some options help you relieve a financial burden, like deferred interest promotion. For example, if your retailer is a participant, you could prepay all the amount in 1 month after the agreement was signed and avoid paying the interest. In addition, some merchants allow you to use a 3-month 0% APR plan.

FAQ

How do I make a payment on Sunbit?

Your payments are made from your debit card or another payment method specified during the bargain. For example, it may be a recurring debit card, a remotely created check (RCC) payment, or a check or money order (up to the merchant).

You could manage your payments online using your personal profile or mobile app.

What happens if you don't pay back Sunbit?

You can change your due date one time per purchase for all further monthly payments. If the time is due and you have no money to pay off, extraordinary circumstances, such as job loss, death in the family, or you are in a hospital, and the customer service will help you find a solution.

Call Customer care at 855-678-6248.

It's important to emphasize that information about all payments — late and missed — is reported to the consumer reporting agency and may influence your credit history.

There is no specific information, but as loans are provided by Transportation Alliance Bank, Inc., dba TAB Bank, all uncollected debts are prosecuted to the fullest extent of the law.

Can you pay Sunbit early?

Yes, you can. You could make early or additional payments or pay off an entire loan at any time penalty-free.

Just use the mobile app, your personal profile at the website, or call Sunbit customer care at 855-678-6248.

Can Sunbit sue you?

There is no specific information, but loans are offered by Transportation Alliance Bank, Inc., dba TAB Bank, so all uncollected debts are prosecuted to the fullest extent of the law and definitely could be recovered in a court.

Borrow responsibly: review the requirements in advance, and look through all payments and terms of borrowing before signing an agreement and finalizing a purchase. You should understand whether Sunbit technology answers your financial needs.

Offers
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.592
(22 Ratings)
Recommended FinScore™
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50.00 – 20000.00 $
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Interest rate

to 35.99 %
Term
i

Loan term for the financial product

3 months – 72 months
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Sunbit reviews 2024
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4.4
Pros
I was faced with the challenge of affording significant dental procedures. After scheduling a consultation to understand the costs, I turned to Sunbit for assistance. To my relief, they approved me in under two minutes. Such a weight lifted off my shoulders.
Complain
2
Cons
I won't be opening an account with this company. I was exploring financing options for some vehicle repairs, but their offerings for someone with exceptional credit are underwhelming. A 29% interest rate for top-tier credit? Regardless of whether this is standard for them, I can secure 0% elsewhere. They've lost me as a potential customer.
Complain
1.6
Cons
While I appreciate the option to make payments over time, I experienced a decline in my credit score. This was unexpected, especially since the provided information indicated it would be a soft credit check without any impact on the score.
Complain
2.2
Cons
I was assured that the loan application wouldn't result in a hard inquiry on my credit. However, a month later, I discovered it did, causing a 20-point drop in my credit score. This misleading information is truly disappointing. Had I known, I would have simply used my credit card instead of adversely impacting my credit.
Complain
4.8
Pros
I'm grateful to Sunbit for aiding me in achieving my dream of getting Invisalign. The application process was swift and straightforward.
Complain
2
Cons
Sunbit seems to target customers who find themselves in emergency situations with limited options, and they're fully aware of it. What's concerning is how closely they work with businesses to ensure most loans are directed their way, even when there are alternatives that don't charge double or triple the original bill amount. Moreover, they subtract interest from any extra payments unless you settle the entire amount. I'd strongly recommend seeking alternatives or asking the business for more favorable options.
Complain
4.6
Pros
I'm deeply appreciative of Sunbit for assisting me with the financial aspect of my vehicle repairs. The fact that it's exclusively for my vehicle offers me a sense of security. Plus, it ensures I don't misuse my credit line on unrelated purchases.
Complain
4.6
Pros
Many thanks to Sunbit for supporting my dental financing. I urgently required a crown and had two more planned, in addition to two cavities that needed filling. Sunbit presented multiple payment options, making it all feasible.
Complain
1.8
Cons
I attempted to settle my bill using a credit card, but they insisted on a debit card. This posed a challenge since I had recently dealt with fraud on my primary debit card, leading me to cancel it and await a replacement. While I did reach out to Sunbit to communicate the issue, their representative, though kind, couldn't offer a tangible solution. Despite my attempts to pay with two separate credit cards, Sunbit continuously sent "gentle" reminders about my overdue payment. Eventually, I had to resort to paying through my bank account details, which left me uneasy about potential security risks. Sunbit, please reconsider this policy to protect your customers from potential fraud risks.
Complain
4.2
Pros
I took my vehicle to the dealership because of a warning light. Turns out, some animal had chewed through wires, and the repair cost exceeded my checking account balance, and I don’t use credit cards. The dealership representative introduced me to Sunbit as a payment option. I made an initial payment that day, followed by monthly installments to settle the bill. Not only was I content with this solution, it was a real lifesaver.
Complain
Company rating
3.6
/ 5
22 reviews
Application
3.5
Support service
3.6
Mobile App
3.5
Service quality
3.6
Your satisfaction level
3.7
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