6 Month Loans

Get between £100 - £5,000 paid out by

How much would you like to borrow?

  • 100% Online Process

  • Borrow up to £5,000

  • UK Based Lenders

  • Bad Credit Accepted

  • 2 Minute Application

  • Same Day Transfer

  • Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £5000.

    How to Get a 6 Month Loan Fast

    When you are in desperate need of money, a 6 month loan can extremely helpful to say the least. You will have plenty of time to pay back the loan, so you won’t have to worry about defaulting on it. If you are in interested in borrowing money, it is important that you explore this option before making a decision. These loans can provide you with the financial assistance you need when you are in a tight spot. In this article we will go in depth, discussing everything you should know.

    Finding a Private Lender

    There are dozens of different private lenders that you can get a 6 month loan from. Some people look to their bank for a short-term loan, but this can be problematic for numerous reasons. The fact is that a lot of banks don’t even give out loans with such short terms. It can be difficult to get a traditional bank loan if you don’t have good credit.

    Private lenders offer a viable alternative that you will need to explore. Make sure that you look for a lender that is known for being extremely reliable as well as fair. If you want the best possible terms for your loan, you will need to keep this in mind.

    When you are examining your private lender options, make sure that you find out the term lengths they offer on loans. Some of these lenders only give out smaller loans with 1 or 3 month terms, while others allow you to borrow money for multiple months. You shouldn’t have any problem finding a good lender that can help you out with a 6 month loan.

    Applying for Your Loan

    If you want to apply for payday loans online, you will need to do so online. This is a quick and easy process that doesn’t require you to follow any complicated steps. All you have to do is submit the requested personal details. This typically includes your full name, home address, phone number, email, and other information. You also must specify the precise amount that you want to borrow. The whole process takes anywhere from 2 to 5 minutes.

    Receiving Your Funds

    If you get approved for the loan, you will receive your funds within a matter of hours via electronic transfer directly into your bank account. This eliminates the need to wait for a traditional cheque, and it is instant. You will be allowed to spend the money however you want, as there are no limitations when borrowing from private lenders.

    Paying Back Your Loan

    You will have a total of six months to pay back the money you borrow. You’ll most likely be required to submit monthly payments until the total amount of your balance has been cleared. It is important that you are not late paying back the loan, as this comes with severe consequences. The lender will charge you steep late fees, which will put you even further into debt.

    The total number of payments that you will have to make on your loan will largely depend on how often you get paid. If you are paid on a weekly basis, you will have more payments than if you get paid every two weeks.

    How Much Can You Borrow?

    The amount of money that you can borrow via cash loan varies depending on a few factors. The first thing that will determine how much you’re allowed to borrow is your income. You will need to make enough money to make all of your payments on time. There is also the lender to consider. Some lenders are willing to give out six months loans for smaller amounts than others. You could theoretically get a six month term for a loan as small as £500.

    How much would you like?

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    Qualification Requirements

    You will need to satisfy certain basic requirements to get a 6 month loan, including being over the age of 18, a legal UK citizen, and an active current account. Your income must also be adequate, which is something the lender ultimately determines. If you currently owe money to another lender, you probably won’t be approved.

    That being said, your credit most likely won’t be an issue when it comes to getting approval for a six month loan from a private lender. These lenders are less concerned with an applicant’s credit and more so with how much they make. This has become increasingly common, so you shouldn’t have any problems.

    There are other factors that can affect whether or not you get approved, including your job history. If you have much in the way of employment history, there is a chance that your application could get denied.

    You can get one of these loans if you are self-employed, but you will be required to show proof of your income. The lender will determine if you make enough money to pay back the loan by the required date.


    Not all private lenders have the same rates for six month loans. The general rule is the larger the loan amount, the higher your rate is going to be. You will also obviously pay more interest with a six month loan than you would with a two or three week loan. You will be able to get the best possible rate by taking some time to compare deals from various lenders. Take some time to browse through lender websites to get this information. You don’t want to borrow from any business in particular before doing this research. It can potentially save you a lot of money on your loan as a whole.

    How Long Does it Take to get a 6 Month Loan?

    If you go through the right lender, you could get the loan you need the same day that you submit your application. This is one of the main reasons that these loans have become so popular over the years. If you are in need of fast cash, it is definitely a great option to consider. The best way to increase your chances of fast approval is to apply early in the day. This will give the lender time to review the application and give you a response. You also need to make sure that you fill out the application in full with only accurate up-to-date details.

    How Does Happy Penguin Compare?

    Why Use HP?
    What's the max loan amount?
    Up to £5,000
    No hidden fees.
    Is approval instant?
    Yes, immediate.
    On Screen Decision
    Poor Credit Possible?
    Yes. Bad credit too.
    All considered.
    Same day transfer?
    Within the hour!
    Direct to bank!
    Flexible Repayment Dates?
    Flexible terms.
    Quick and easy.

    Why Get a 6 Month Loan?

    There are lots of different reasons that so many people in the UK get 6 month loans. You can use the money to help pay for a new car, catch up on bills or cover essential repairs to your home or vehicle. Some people also use these loans to consolidate debt, which can actually be quite effective. If you are having trouble paying off overdue bills, an online loan from a private lender can really help. Not all lenders are willing to lend money to people who are currently in debt, but there are businesses that can help you.

    Another good reason to consider obtaining one of these loans is because doing so is incredibly simple and easy. The whole process is done online/electronically, so it is incredibly convenient as a whole. You won’t have to go anywhere to apply or get approved for the money you need.

    Online loans have a very high approval rate, so you will need to keep that in mind as well. Some lenders are more flexible than others though. When you take enough time to find the right lender, you can drastically increase your chances of being approved.

    A lot of businesses in the UK get these loans as well because of how helpful they can be. If your business is in trouble, this type of loan could save your operation. It is also a good way to get the necessary funds to expand if you are doing particularly well. You just have to show the lender proof of income for the past year or two.

    Evaluating the Loan Agreement

    Those who get approved for a 6 month loan will get the opportunity to approve and accept the loan offer on screen. This offer lays out all of the details of the loan, so it is crucial that you take the time to look it over very carefully. This will help you avoid any potential regrets later on.

    There are a few things that you will need to look for in a loan agreement, including all of the fees. You want to make sure there are no hidden fees so you aren’t surprised by anything later on. Make sure that you also know the exact date the loan is due to be paid back. Mark it down on your calendar so you don’t forget.

    By taking the time to go over the terms of the loan in the agreement, you will be absolutely sure you are making the right decision. If you have any questions about anything in this document, ask the lender before signing.

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Happy Penguin is a broker, not a lender, and does not make credit decisions.