6 Month Loans

Looking for a 6 month loan to pay an unexpected bill? Get the cash in your bank account within 1 hour* and repay in 6 easy monthly instalments!
Apply now for a 6 month loan
Representative example: borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £224.60, last monthly repayment of £112.20. Total repayment £1,179.05. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount - rates between 295.58% APR and a maximum APR of 1294%.

Are you looking to borrow money for an emergency? Want to repay it over six months? Get a loan of up to £2,500 in your UK bank account within one hour* and repay in six manageable monthly instalments. We’re a trusted payday loan direct lender that provides flexible repayment terms and high approval rates. We even lend to people with low credit scores.

33,265 people
6 month loans
from Cashfloat in 2020.

Whether you need to borrow money for car maintenance, to pay for repairs at your home or for another emergency, Cashfloat can get you the cash you need fast. All you need to do is apply here, and you’ll get an instant decision.

Receive the money within one hour* if approved
Loans for poor or bad credit
No extra fee for early repayment
Apply now for a 6 month loan

How much can I borrow with a 6 month loan?

With Cashfloat, you can borrow 6 month loans of amounts between £700 and £2,500. The repayments you make will be split into six equal monthly amounts. You can use our loan calculator to see the monthly repayment amounts that come with different loan amounts and the interest that you will pay. You can also make sure you can afford the monthly repayments using our affordability checker.

How quickly can I get a 6 month loan?

Your application could be processed within a few minutes. In most cases, decisions are made within 30 minutes. Once you’re approved and you’ve signed the consumer credit agreement, you could receive your loan within one hour as well.

As a regulated lender, Cashfloat has to perform various checks to make sure you can afford the loan. Therefore, we don’t offer instant loans. We do, however, provide instant decisions so you know where you stand with your application straight away.

Can I apply for a 6 month loan with a poor credit history?

Yes, at Cashfloat we offer unsecured loans for bad credit over 6 months to people as long as they can afford repayments. If you have a steady income, which can include benefits, and you can afford to repay the loan, you could be eligible. Be aware, however, that loans will cost more if you have a fair or bad credit record. It’s important that you use our loan affordability calculator to check that you can afford the repayments before you apply. Please note: Payday loans should never be used as a long-term solution to a serious money problem. If you are in debt or are struggling financially, contact stepchange for free debt advice.

Can I get a six month loan with no credit check?

We don’t offer loans with no credit check because taking a loan you can’t afford could lead to serious money problems. Any reputable lender that cares about your financial safety will always perform a credit check.

Before applying with any lender, make sure that they are regulated by the Financial Conduct Authority (FCA). They should have an FCA reference number clearly visible on their website. You should check this number or their details if no number is listed on the Financial Services Register.

Note: We recommend that you try and improve your credit rating before applying for credit, as this will increase your chances of approval.

57% of people who borrow 6 month loans are Male
59% of people who borrow 6 month loans are Single
Average age for people who borrow 6 month loans is 35 years old
Most common job fields for people who borrow 6 month loans are Sales, Customer Service and Warehouse
Top 3 cities where people who borrow 6 month loans live: London, Birmingham and Manchester
People who borrow 6 month loans earn an average of £2,059 a month

Can I apply for 6 month payday loans when on benefits?

Cashfloat do not offer loans to people if their only source of income is benefits. In order to apply for a loan, you must have a steady source of income. This can be formed in part by benefits. However, benefits cannot be your only source of income. In order to be approved for a loan, you will need to pass our affordability test, during which we will check matters such as this.

Short term loans are expensive, and you should only take one as a last resort. It’s worth checking that you’re getting all the benefits you’re entitled to before you apply for a loan.

Why is it better to borrow a 6 month payday loan from a direct lender?

If you don’t take a payday loan from a direct lender, you will have to do it through a broker. Brokers send your application to several other lenders and wait for them to process it before getting back to you with the available loan options. Direct lenders, on the other hand, process the application themselves and decide if they will offer you a loan.

With a direct lender, the application process is much quicker. Borrowing from a direct lender also saves you from paying a brokerage fee. On top of this, your personal details are not shared with multiple parties. When you apply with Cashfloat, you get the best of both worlds. First and foremost, we’re a premium direct payday lender in the UK. If we can’t fund a loan ourselves, however, we can activate our credit broker service to help find you an alternative lender.

Am I eligible to borrow a 6 month loan from Cashfloat?

Before applying for a short term loan with us, make sure you meet our criteria. You must:

• Hold a UK bank account
• Live in the UK
• Be over 18 years of age
• Have a steady source of income

Where can I get the best rate for a 6 month loan?

Cashfloat offer fair loan rates for people who want to borrow a loan for 6 months.

It’s a good idea to compare different lenders before you take a loan. You should not only take into account the best loan rates and representative APR, but you should also think about whether the lender charges upfront fees and if you will get charged additional fees to close your loan early. Cashfloat is a transparent lender with no hidden fees, and you can always repay your loan early to save on interest at no extra cost.

Do Cashfloat offer payday loans over more than 6 months?

Cashfloat do offer payday loans over more than six months. We also offer payday loans for nine months if you borrow a minimum of £1,000.

If you need a loan where you get that bit longer to pay it back, you can also have a look at our small personal loans. These are lower interest loans, and they’re available for amounts between £1,000 and £2,500 for 6 or 9 months. Again, do your homework to make sure that you can afford the monthly repayments before you take out one of these loans.

Are Cashfloat loans for 6 months available 24/7?

Our online application form is accessible all day every day, and we process applications as quickly as we can. If you apply on a bank holiday or weekend, we will review your application on the next working day.

Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk.