Personal Loan

In this comprehensive review, we explore Sunbit® Personal Loan designed to meet diverse financial needs. Discover how Sunbit® stands out with its competitive interest rates, flexible borrowing limits, and rewarding perks.
50 - 20000 $
Loan Amount
3 - 72 Months
Repayment Term
35.99 %

Product Details

General Info
 Loan Amount Loan Amount
50 - 20000 $
Repayment Term Repayment Term
3 - 72 Months
Required documents Required documents
Do I fit in?
Age Age
from 18 years
Credit Score Credit Score
Income required Income required
35.99 %

How to Apply for Sunbit Loan?

  1. Application. Go to a participating merchant in-person or find one online using Sunbit's merchant locator. You can apply in-store, via a link provided by email from a merchant, or through an eCommerce checkout process.
  2. Submit Info. Complete a 30-second application without a hard credit check.
  3. Approval. Upon approval, you'll be informed about the terms including down payment and APR.
  4. Down Payment. Make the required down payment towards your total purchase amount.
  5. Manage Your Plan. Utilize Sunbit's tools to manage your plan, adjust payments, or pay off early.

Conditions and Requirements


  1. Approval Rate. High approval rate with 90% of applicants approved.
  2. Application Process. Quick 30-second application with no hard credit check.
  3. Fees. No application, origination, pre-payment penalty, or late fees.
  4. Down Payment. A down payment is required.
  5. Credit Approval. Based on creditworthiness, state of residence, prior history with Sunbit technology, and merchant location.


  1. Minimum Age. Customers must be at least 18 years old to be eligible for financing.
  2. Proof of Income. Customers must provide proof of income, such as a pay stub or bank statement, to demonstrate their ability to repay the financing.
  3. Annual Percentage Rate. APR ranges between 0% and 35.99%.
  4. Loan Term. The term ranges from 3 to 72 months.
  5. Creditworthiness. Sunbit uses proprietary algorithms to assess the creditworthiness of applicants. Customers may be required to have a certain credit score or meet other criteria in order to be approved for financing, as Sunbit runs soft credit checks.
  6. Valid ID. Customers must provide a valid form of identification, such as a driver's license or passport, to verify their identity.
  7. Purchase Amount. Some financing options may have a minimum or maximum purchase amount that customers must meet in order to be eligible. In general, loan amounts vary between $50 – $20,000.
  8. Payment History. Sunbit may also consider a customer's payment history when assessing their eligibility for financing. Customers who have a history of late payments or defaults may be less likely to be approved for financing.

Ways to Receive the Money

Sunbit operates on a model where it facilitates the purchase of goods or services directly with the merchant on behalf of the consumer. When a customer opts to use Sunbit's pay-over-time solutions, Sunbit pays the merchant directly for the purchase amount. The customer then repays Sunbit in installments over a specified period, based on the agreed-upon terms of the financing arrangement.

This means that customers do not receive the money directly from Sunbit; instead, Sunbit pays the merchant directly for the purchase, and the customer repays Sunbit over time. This setup simplifies the transaction process for both the customer and the merchant, making it easier for customers to make necessary purchases and manage their payments over time.

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Last update 27.03.2024