Can I get a 6 month loan with bad credit?

Yes, many lenders in our panel specialise in bad credit lending and will consider your application even with a poor credit history. Having defaults, CCJs, missed payments, or a low credit score doesn’t automatically disqualify you from getting a 6 month loan. Lenders focus on your current ability to afford the repayments based on your income and expenses, rather than judging you solely on past credit problems. That said, bad credit typically means you’ll be offered higher interest rates to reflect the increased risk to the lender. The Representative 89% APR might not apply to you – your personal rate could be higher depending on your credit profile. Using a broker like Sunny helps because we search multiple lenders simultaneously, increasing your chances of finding someone willing to approve your application despite credit issues. Our bad credit loans page has more information about options for those with imperfect credit histories.

How do repayments work for loans over 6 months?

Most lenders use something called Continuous Payment Authority to collect your payments. This means they collect your payments using the card details that they hold on file for you, on an agreed date each month, instead of your bank setting up a direct debit. Before a lender takes payment from you, you’ll usually get a reminder from them a few days before to let you know when the payment will be taken, and how much it’ll be.

How much does a 6 month loan cost?

The amount you pay in total for your loan depends on how much you borrow. However, interest on 6-month loans is capped at 0.8% of the amount borrowed per day. Because lenders often charge interest daily, if you pay your loan back early, you’ll pay less in interest overall.

How quickly can I get money from a 6 month loan?

Most customers receive funds the same day if their application is approved. The exact timing depends on several factors including when you apply, how quickly you complete the application, when the lender approves you, and your bank’s processing speed. In many cases, funds arrive within 15 minutes of signing the loan agreement, though it can take a few hours. If you apply late in the evening or on a weekend, your application might be processed the next working day. Lenders typically have cut-off times (often around 2-3 PM) for same-day transfers. Apply earlier in the day to maximise your chances of receiving funds the same day. The initial eligibility check through Sunny takes just seconds, but the full application with your chosen lender might take 15-30 minutes as they verify your details and conduct affordability checks. Our system processes applications 24/7, so you can apply whenever suits you.

What's the difference between 6 month loans and payday loans?

Traditional payday loans required repayment in full within 30 days or by your next payday, often in a single lump sum. This created a “debt trap” for many borrowers who couldn’t afford the large repayment and had to roll over the loan at additional cost. A 6 month loan spreads repayment over six equal monthly instalments, making each payment much more affordable and manageable. Instead of repaying £1,000 plus interest in one payment next month, you’d make six payments of around £200 each. This significantly reduces the monthly burden and makes budgeting easier. Modern regulations have largely eliminated the old-style payday loans, and what’s now called “payday lending” often actually offers instalment repayment over several months. Many lenders offering payday loans now provide terms from 3 to 36 months. The key advantage of a 6 month loan is finding the balance between affordability (lower monthly payments than very short terms) and cost efficiency (less total interest than longer terms).

Can I pay off my 6 month loan early?

Yes, you can usually repay a 6 month loan early with no early repayment penalties. If your circumstances improve – perhaps you receive a work bonus, tax refund, or inheritance – you can clear the balance ahead of schedule and save on the interest you would have paid for the remaining months. Check your specific loan agreement for exact terms, as these are set by your individual lender, but FCA regulations prevent unreasonable early repayment charges. Some lenders allow you to make partial overpayments to reduce your balance faster, whilst others prefer full early settlement. Contact your lender to discuss your options if you want to repay early. Clearing debt ahead of schedule is always financially beneficial as it reduces the total interest paid and frees up your budget sooner.

What happens if I miss a payment on my 6 month loan?

Missing a payment on a 6 month loan can have several consequences. First, you’ll likely be charged a late payment fee, which varies by lender but is capped by FCA regulations. Second, the missed payment will be reported to credit reference agencies, which damages your credit score and may affect future credit applications for up to six years. Third, your lender may contact you requesting payment and may add additional interest or charges. If you continue to miss payments, the debt could eventually be passed to a collections agency. However, the most important thing is to contact your lender immediately if you know you’ll struggle to make a payment. FCA rules require them to treat customers facing financial difficulties with forbearance and consideration. They may be able to arrange a payment plan, adjust your repayment schedule, or freeze interest temporarily whilst you get back on track. Problems only escalate when ignored – proactive communication often leads to workable solutions.

Is a 6 month loan better than a 3 month or 12 month loan?

It depends entirely on your personal circumstances and priorities. A 6 month loan offers a balanced middle ground – monthly payments are more affordable than a 3 month loan but you’ll pay less total interest than a 12 month loan. Choose this if you want reasonable monthly payments without long-term commitment. A 3 month loan means higher monthly payments but you’ll clear the debt faster and pay less total interest. This works well if you can comfortably afford larger monthly instalments and want to be debt-free quickly. A 12 month loan offers the lowest monthly payments, spreading the cost over a full year. This suits those who need maximum affordability, though you’ll pay more total interest due to the longer borrowing period. Consider your budget (what can you afford monthly?), your timeline (how quickly do you want to be debt-free?), and your comfort level with commitment (does a year feel too long?). Many borrowers find six months hits the sweet spot, but the “better” choice is whatever fits your financial situation most comfortably.

Do I need a guarantor for a 6 month loan?

No, you don’t need a guarantor for a 6 month loan through Sunny. All the lenders in our panel offer unsecured loans based on your personal income, credit history, and affordability. A guarantor is someone who agrees to repay your loan if you can’t, and whilst some lenders specialise in guarantor loans, this isn’t required for the 6 month loans we help arrange. You apply independently and the lending decision is based solely on your circumstances. This is particularly helpful if you don’t have a family member or friend with good credit willing to guarantee your loan. That said, not needing a guarantor means the lender takes on more risk, which may result in higher interest rates for those with poor credit. If you’re specifically interested in borrowing without needing someone to co-sign, our no guarantor loans page has more details about independent borrowing options.

Will applying for a 6 month loan affect my credit score?

The initial eligibility check with Sunny uses a soft credit search that won’t affect your credit score. This soft search appears only on your credit report where only you can see it – other lenders can’t see it, and it doesn’t impact your credit rating. This means you can safely check what 6 month loans you’re eligible for without any downside to your credit score. However, if you proceed to apply with a specific lender, they will conduct a full credit check (called a “hard search”) which does appear on your credit file and may temporarily lower your score by a few points. This is standard practice for any credit application and the impact is usually small and short-lived. The advantage of using a broker is you only get one hard search (when you apply to your chosen lender) rather than multiple hard searches from applying to several lenders separately. If you’re declined and don’t proceed with any application, only the initial soft search occurs – your credit score remains unaffected.

How much can I borrow with a 6 month loan?

Through Sunny, you can borrow between £100 and £2,500 with a 6 month repayment term. The exact amount you’ll be offered depends on several factors including your income, credit history, existing financial commitments, and the lender’s assessment of your affordability. Someone with a strong credit history and higher income might be offered the full £2,500, whilst someone with credit difficulties or tighter budget might be offered less. Lenders are required by FCA regulations to only offer you amounts you can realistically afford to repay. It’s tempting to borrow the maximum available, but consider borrowing only what you actually need. Every extra pound borrowed means extra interest paid over the six months. If you need less than £500, our small loans page has information about lower-amount borrowing options. If you need more than £2,500, a longer-term personal loan might be more appropriate than a short-term 6 month loan.

Can I get a 6 month loan if I'm self-employed?

Yes, self-employed individuals can apply for 6 month loans through Sunny. Lenders in our panel will consider self-employed applicants as long as you can demonstrate regular, sufficient income. You’ll typically need to provide proof of income such as recent bank statements, tax returns, or accounts showing consistent earnings over several months. The minimum income requirement is usually around £500 per month net, though this varies by lender. Self-employed income can be less predictable than salaried employment, so lenders may scrutinise your application more carefully to ensure you can afford the monthly repayments. If your income fluctuates seasonally, be prepared to explain this and show an average that meets the requirements. Having several months of bank statements showing regular deposits from clients strengthens your application. Being self-employed doesn’t disqualify you, but it may affect the amount you’re offered or the interest rate, particularly if your income is variable or you’ve only recently become self-employed.

What's the Representative 89% APR and will I get that rate?

The Representative 89% APR is the rate that at least 51% of successful applicants receive. It’s used as a standard comparison figure to help you understand typical borrowing costs. However, your personal APR may be different – it could be lower or higher depending on your individual circumstances. Factors affecting your rate include your credit score, credit history, income level, existing debts, and how the lender assesses your risk profile. Those with excellent credit might be offered rates as low as 9.3% APR, whilst those with poor credit histories might be offered rates up to 1,721% APR. The actual rate you receive will be shown clearly before you commit to anything, and you’re under no obligation to accept if the rate is higher than you expected. The representative APR gives you a baseline for comparison, but always look at your personal quote to understand what you’ll actually pay. Compare the total amount repayable rather than just focusing on APR – sometimes a slightly higher APR over a shorter term costs less overall than a lower APR over a longer period.

What's the Representative 89% APR and will I get that rate?

The Representative 89% APR is the rate that at least 51% of successful applicants receive. It’s used as a standard comparison figure to help you understand typical borrowing costs. However, your personal APR may be different – it could be lower or higher depending on your individual circumstances. Factors affecting your rate include your credit score, credit history, income level, existing debts, and how the lender assesses your risk profile. Those with excellent credit might be offered rates as low as 9.3% APR, whilst those with poor credit histories might be offered rates up to 1,721% APR. The actual rate you receive will be shown clearly before you commit to anything, and you’re under no obligation to accept if the rate is higher than you expected. The representative APR gives you a baseline for comparison, but always look at your personal quote to understand what you’ll actually pay. Compare the total amount repayable rather than just focusing on APR – sometimes a slightly higher APR over a shorter term costs less overall than a lower APR over a longer period.

6 Month Loan

Think you might need a 6 month loan? Sunny can help! Read on to discover all you need to know about 6 month loans

Home » 6 Month Loans – Flexible Repayment Terms from £100 to £2,500

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Need a loan with manageable monthly payments? We search multiple FCA-authorised lenders to find you 6 month loans from £100 to £2,500. See if you match in minutes with no impact on your credit score and no fees from Sunny.

A 6 month loan gives you breathing room to spread the cost without committing to long-term debt. Whether you’re covering an unexpected bill, home repairs, or bridging a temporary gap, six monthly payments can make repayment affordable whilst clearing debt reasonably quickly. Over 1 million customers have used Sunny since 2022 to compare loans from trusted lenders.

Our soft credit check means you can see your options without affecting your credit score. We process over 7,500 quotes daily, helping people find suitable 6 month loans right now. All our partner lenders are FCA-authorised, and we maintain a 4.5 out of 5 star rating on Trustpilot from 7,385 genuine reviews.

See if you match

Why choose Sunny:

Soft credit check only – won’t affect your score
No fees from Sunny
Compare offers before you commit
15-minute funding if approved

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

What Are 6 Month Loans?

A 6 month loan is a short-term borrowing option where you repay the amount borrowed plus interest over six monthly instalments. These loans typically range from £100 to £2,500 and offer a middle ground between very short-term payday loans and longer-term commitments.

The six-month term strikes a balance between affordability and speed. Your monthly payments are lower than a 3 month loan, making them easier to manage, but you’ll clear the debt faster than a 12 month loan and pay less total interest. This makes 6 month loans particularly suitable for covering unexpected expenses without stretching your budget too thin or committing to repayments for a full year.

Common uses for 6 month loans include car repairs (£800-£1,200), boiler replacements (£1,500-£2,000), emergency dental work (£500-£1,000), or consolidating several small debts. The six-month timeframe gives you enough breathing room to recover financially whilst addressing urgent needs promptly.

Unlike traditional payday loans that required full repayment within 30 days, 6 month loans spread the cost across half a year. This flexibility makes them more manageable for most households, as you can budget around your regular monthly expenses. If you’re considering different timeframes, you might also look at 3 month loans for faster repayment or 12 month loans for even lower monthly payments.

How 6 Month Loans Work

The process of getting a 6 month loan through Sunny is straightforward. Here’s what happens step by step:

Step 1: Complete our quick online application
Tell us how much you want to borrow (between £100 and £2,500) and confirm basic details like your income, employment, and address history. The application takes about two minutes and can be completed on any device, 24 hours a day.

Step 2: We search our network of lenders
Once you submit your application, we immediately search our panel of FCA-authorised lenders to find those willing to offer you a 6 month loan. This happens in seconds. We use a soft credit check at this stage, which means it won’t appear on your credit file to other lenders and won’t affect your credit score.

Step 3: Compare your personalised offers
You’ll see the offers available to you, showing the loan amount, monthly repayment, total repayable, and the interest rate. Each lender may offer different terms based on your circumstances. Take your time to compare them – there’s no pressure and no obligation to accept anything.

Step 4: Choose and complete your application
When you find an offer that works for your budget, you’ll complete your application directly with that lender. They’ll perform a full credit check at this point (which does appear on your file) and verify your details. You’ll receive a clear loan agreement showing exactly what you’ll repay each month.

Step 5: Receive your funds
Once approved and you’ve signed the agreement, most lenders transfer funds the same day. In many cases, you could receive money within 15 minutes, though it depends on your bank’s processing times. You’ll then make six equal monthly payments over the next six months.

Throughout this process, you remain in control. You can compare options, walk away at any point before signing, and choose the terms that suit your financial situation best.

How Much Do 6 Month Loans Cost?

The cost of a 6 month loan depends on the amount you borrow and the interest rate you’re offered. At Sunny, our representative 89% APR is significantly lower than many short-term loan providers, though your actual rate may vary based on your personal circumstances.

Representative example: If you borrow £1,000 over 6 months at 89% APR (fixed), you’d make 6 monthly payments of £202.21. The total amount repayable would be £1,213.26, meaning you’d pay £213.26 in interest.

Your personal rate may be different. The actual APR you’re offered ranges from 9.3% to 1,721% depending on factors including your credit history, income, existing commitments, and how lenders assess your affordability. Those with stronger credit profiles typically receive lower rates, whilst those with poor credit histories may be offered higher rates.

For smaller amounts, the repayments look different. Borrowing £500 over 6 months at 89% APR would mean six monthly payments of approximately £101, with total repayment around £606. Borrowing £2,000 over 6 months would mean monthly payments of roughly £404, with total repayment around £2,426.

The key advantage of a six-month term is balancing manageable monthly payments with reasonable total interest. Compared to a 3 month loan, your monthly payments are lower, making them easier to fit into your budget. Compared to a 12 month loan, you’ll pay less total interest because you’re borrowing for a shorter period. This makes six months a popular choice for those who want affordability without unnecessary long-term costs.

All our partner lenders follow FCA regulations, which cap interest and fees on high-cost short-term credit. You’ll never pay back more than double what you borrowed, and there are no early repayment penalties. If you can clear the balance sooner, you’ll save on interest.

Who Can Apply for 6 Month Loans?

To be eligible for a 6 month loan through Sunny, you’ll need to meet some basic criteria. These requirements help lenders ensure the loan is affordable for you and that you can comfortably manage the repayments.

Essential eligibility requirements:

At least 18 years old
UK resident with a permanent UK address
Minimum £500 monthly net income from employment, self-employment, or a combination including benefits
UK bank account and valid debit card
Not currently in bankruptcy, an IVA, or insolvency
Able to provide 3 years of address history

You don’t need perfect credit to apply. Many of our partner lenders specialise in bad credit loans and will consider your application even if you’ve had credit difficulties in the past. They look at your current ability to afford repayments, not just your credit score. County Court Judgements, defaults, or previous missed payments don’t automatically disqualify you.

What lenders really care about is affordability. They’ll check whether you can comfortably manage the monthly repayments alongside your existing commitments. This means looking at your income, regular outgoings, and any other credit you’re repaying. If the numbers show you can afford it, you’ve got a good chance of approval regardless of past credit issues.

That said, we can’t help with every situation. If you’re currently bankrupt, in an active IVA, or facing serious debt problems, a 6 month loan probably isn’t suitable. In those cases, free debt advice from StepChange or Citizens Advice would be more appropriate.

Why Use a Broker Like Sunny for 6 Month Loans?

Sunny is a credit broker, not a lender. This means we don’t lend money ourselves – instead, we connect you with multiple FCA-authorised lenders from our trusted panel. For many people, this broker model offers significant advantages when looking for a 6 month loan.

Access to multiple lenders in one application
Rather than applying to individual lenders separately (which would mean multiple credit checks), you apply once with us. We search our entire network and show you which lenders are willing to offer you a 6 month loan. This saves time and protects your credit score from multiple hard searches.

Better chance of approval
Different lenders have different criteria. One might decline you whilst another approves. By searching multiple lenders simultaneously, we increase your chances of finding someone willing to lend. If you’d gone directly to a single lender who declined, you might never have known that another would have said yes.

Compare rates and terms easily
When multiple lenders offer you a 6 month loan, you can compare them side by side. You’ll see the monthly payment, total repayable, and interest rate for each, making it easy to choose the most suitable option. Going direct means you’d only see one offer with nothing to compare against.

Soft credit check technology
Our initial search uses a soft credit check that doesn’t affect your credit score. Only when you decide to proceed with a specific lender does a full credit check appear on your file. This means you can explore your options safely without damaging your credit rating.

FCA protection across all options
Every lender in our panel is FCA-authorised and regulated. They all follow the same strict rules on lending, affordability assessments, and treating customers fairly. You get regulatory protection regardless of which lender you choose.

Completely free service
We never charge you any fees for our brokerage service. Not an application fee, not a service charge, not a success fee. Nothing. We’re paid a commission by the lender if you take out a loan, but that never costs you anything extra. The loan you receive through us costs exactly the same as if you’d gone directly to that lender.

The broker model works particularly well for 6 month loans because this term isn’t offered by every lender. Some specialise in shorter payday loans, others in longer personal loans. By searching multiple specialists, we find those who actually offer the specific six-month term you’re looking for.

The Balanced Choice: Why 6 Months Works

Choosing a 6 month loan term offers a practical middle ground that many borrowers find ideal. It’s long enough to keep monthly payments manageable, but short enough to avoid unnecessary interest costs or long-term financial commitment.

More affordable than shorter terms
Compared to a 3 month loan, spreading repayments over six months roughly halves your monthly payment. That £1,000 loan costing £404 monthly over three months drops to around £202 monthly over six months. This breathing room can make the difference between a loan fitting your budget or stretching you too thin.

Less interest than longer terms
Compared to a 12 month loan, you’ll pay significantly less total interest over six months. Interest accrues over time, so the longer you borrow, the more it costs overall. A six-month term finds the sweet spot – enough time to manage payments comfortably, but not so long that interest costs spiral.

Psychological benefits of shorter commitment
Six months feels achievable. You can see the light at the end of the tunnel from day one. Committing to a year of repayments can feel daunting, whilst very short terms feel rushed. Six months offers psychological comfort alongside practical affordability.

Matches typical emergency recovery periods
Most unexpected expenses – the broken boiler, the car repair, the emergency dental work – are one-off events. Six months gives you enough time to recover financially from the initial shock whilst addressing other priorities. By month seven, you’re back to your normal budget without ongoing loan commitments.

Flexibility through early repayment
If your circumstances improve and you can afford to clear the balance early, you can do so with no early repayment penalties. You’ll save on the interest you would have paid for the remaining months. This flexibility means you’re not locked into the full six months if you don’t need them.

That said, six months isn’t always the perfect answer. If you need money urgently and can afford higher monthly payments, 3 month loans clear debt faster and cost less overall interest. If affordability is your main concern and you need the lowest possible monthly payment, 12 month loans spread the cost further. The right choice depends on your budget, timeline, and financial goals.

Check your eligibility now

What makes us different:

1M+ customers trust us
4.5/5 stars on Trustpilot
7,500+ daily quotes processed
FCA-authorised and regulated
No fees from Sunny – ever
Soft credit check only – won’t affect your score

What to Consider Before Applying for a 6 Month Loan

Before you apply for any loan, it’s worth taking a moment to make sure borrowing is the right decision and that a 6 month loan specifically suits your needs. Here are the key questions to ask yourself:

Can you afford the monthly repayments?
Look at your monthly income and regular expenses. Will you comfortably be able to pay the monthly instalment for six consecutive months without struggling? Remember to account for any fluctuations in income or upcoming expenses you know about. If the repayments would stretch you too thin, consider borrowing less or choosing a longer term.

Do you really need to borrow this amount?
It’s tempting to borrow more than you strictly need, but every extra pound borrowed means extra interest paid. Work out the minimum you need to address your situation. Could you cover part of the cost from savings or by cutting back on non-essentials? Borrowing only what’s necessary saves money and reduces financial stress.

Have you explored alternatives?
A 6 month loan isn’t the only option. Could you negotiate a payment plan for the bill you’re facing? Might a 0% credit card work if you have good credit? Could friends or family help? These alternatives might be cheaper or more suitable. Loans should be a considered choice, not an automatic reflex.

Is six months the right timeframe?
Think about your recovery timeline. If you’re expecting a bonus, tax refund, or other windfall in three months, a shorter term might make sense. If your budget is very tight, a longer term reduces monthly pressure. Six months works well for many situations, but it’s not universally perfect.

What happens if circumstances change?
Life is unpredictable. What’s your plan if you lose your job, have reduced hours, or face another emergency during these six months? Having some financial buffer or knowing you could make adjustments to your budget provides peace of mind. If you’re already at breaking point financially, taking on debt might worsen rather than help.

Have you read and understood the terms?
Before signing any loan agreement, make sure you understand exactly what you’re committing to. Know your monthly payment amount, the total repayable, the interest rate, and what happens if you miss a payment. If anything’s unclear, ask questions. Reputable lenders want you to fully understand the agreement.

If you’re already struggling with existing debt, borrowing more won’t solve the underlying problem. Free, confidential debt advice is available from StepChange (0800 138 1111) and Citizens Advice. These organisations can help you understand all your options and create a sustainable plan.

How Sunny Protects You

Your financial safety and data security matter. Here’s how we protect you throughout the 6 month loan process:

FCA authorisation and regulation
Sunny (Upward Finance Limited) operates as an Appointed Representative of Flux Funding Limited (FRN 806333), which is authorised and regulated by the Financial Conduct Authority. This means we follow strict rules about treating customers fairly, being transparent about costs, and ensuring loans are affordable. Every lender in our panel is also FCA-authorised, giving you multiple layers of regulatory protection.

Soft credit check protects your score
Our initial eligibility check uses a soft search technology that doesn’t affect your credit score. Only you can see this search on your credit report – other lenders can’t see it, and it won’t impact future credit applications. This lets you explore your 6 month loan options safely without any downside to your credit rating.

Bank-level data encryption
All personal and financial information you provide is encrypted using industry-standard SSL technology. Your data is stored securely and only shared with lenders you choose to proceed with. We never sell your information to third parties or use it for purposes beyond matching you with suitable loan offers.

Clear, transparent pricing
You’ll see the full cost of any 6 month loan before you commit. The monthly payment, total repayable, interest rate, and any fees are shown clearly in your personalised offers. There are no hidden charges, no unexpected costs, and no small-print surprises. What you see is what you’ll pay.

No-pressure environment
You’re never obligated to accept any offer we show you. You can compare options, take time to think, or walk away entirely – all without penalty or pressure. We generate your quote, present your options, and then the decision is entirely yours. This no-pressure approach helps you make the right choice for your circumstances.

Right to withdraw
Even after accepting a loan, you typically have a 14-day cooling-off period during which you can change your mind. Check your specific loan agreement for the exact terms, as these are set by the individual lender. This protection ensures you’re never truly locked in if circumstances change or you have second thoughts.

Responsible lending practices
All our partner lenders are required to conduct thorough affordability assessments before approving any 6 month loan. They check whether you can realistically afford the repayments based on your income and commitments. This protects you from being offered credit that would push you into financial difficulty.

The Application Process: What to Expect

Applying for a 6 month loan through Sunny is designed to be simple and transparent. Here’s what you’ll need and what happens at each stage:

Information you’ll need to provide:

Personal details (name, date of birth, contact information)
Current address and 3 years of address history
Employment status and monthly income details
UK bank account details and debit card information
Information about your regular expenses and any existing credit commitments

The initial application typically takes about two minutes to complete. You can do it from your phone, tablet, or computer at any time – our system processes applications 24/7, including weekends and bank holidays.

Instant eligibility decision
As soon as you submit your application, we search our panel of lenders using a soft credit check. Within seconds, you’ll see which lenders are willing to offer you a 6 month loan and on what terms. This instant decision means you know where you stand immediately, rather than waiting days for responses.

Reviewing and comparing offers
You’ll see your personalised offers displayed clearly, showing the loan amount, monthly repayment, total repayable, interest rate, and term length. Take your time to compare them. Look at the monthly payment (can you definitely afford it?) and the total cost (is it reasonable for your situation?). There’s no rush and no pressure.

Choosing a lender and completing the application
When you find an offer that works, you’ll proceed to complete your full application with that specific lender. They’ll ask for any additional information they need and perform a full credit check (which does appear on your credit file). They may verify your income using Open Banking or request recent bank statements.

Approval and loan agreement
If approved, you’ll receive a loan agreement via email detailing exactly what you’re borrowing, what you’ll repay each month, the interest rate, and all terms and conditions. Read this carefully before signing. It’s a legally binding contract, so make sure you understand and agree to everything.

Receiving your funds
Once you’ve signed the agreement, most lenders transfer funds the same day if approved before their cut-off time (usually mid-afternoon). Many customers receive money within 15 minutes, though it can take a few hours depending on your bank. You’ll receive confirmation when the transfer is complete.

Repayment begins
Your first monthly payment will be collected automatically on the date agreed in your contract, usually about a month after receiving the funds. The lender will collect six equal monthly payments via Direct Debit from the bank account you provided. Make sure you have sufficient funds available each month to avoid missed payment fees.

If you face difficulties at any point during the six months, contact your lender immediately. They’re required by FCA rules to treat customers fairly and work with you to find solutions if you’re struggling with repayments.

Find your match today

Why you can count on Sunny:

Over 1 million customers since 2022
4.5 out of 5 stars on Trustpilot (7,385 reviews)
7,500+ daily quotes processed
FCA-authorised broker and lenders
Never any fees from Sunny
Soft credit check won’t affect your score

Important Information About 6 Month Loans

Representative Example: Borrowing £1,000 over 18 months at 89% APR (fixed) means 18 monthly payments of £102.42. Total repayable: £1,843.60. Total interest: £843.60. Interest rate: 89% per annum (fixed).

Your rate may differ. The actual APR you’re offered will be between 9.3% and 1,721% depending on your personal circumstances and the lender’s assessment.

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

If you’re struggling with debt, free and confidential help is available:

StepChange – Free debt advice charity (0800 138 1111)
Citizens Advice – Free, confidential advice on debt and money
National Debtline – Free debt advice (0808 808 4000)

Representative 89% APR

Representative Example: Representative example: Amount of credit: £1000 for 18 months at £102.42 per month. Total amount repayable of £1843.60 Interest: £843.60. Interest rate: 89% pa (fixed). Representative 89% APR. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. Individuals with a good credit score may have access to cheaper interest rates. Interest rates associated with short-term loans tend to be higher than those of traditional personal loans. Loan term lengths from 3 to 36 months. Subject to lender’s requirements and approval.

Sunny Loans is a registered trading name of Upward Finance Limited, who is an appointed representative of Flux Funding Limited, who is a credit broker, not a lender. Loan repayment terms are 3-36 month loans.

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

Sunny 6 month loans information hub

Want to know more about 6 month payday loans? We’ve answered some common questions below.

Can I get a 6 month loan with bad credit?

Yes, many lenders in our panel specialise in bad credit lending and will consider your application even with a poor credit history. Having defaults, CCJs, missed payments, or a low credit score doesn’t automatically disqualify you from getting a 6 month loan. Lenders focus on your current ability to afford the repayments based on your income and expenses, rather than judging you solely on past credit problems. That said, bad credit typically means you’ll be offered higher interest rates to reflect the increased risk to the lender. The Representative 89% APR might not apply to you – your personal rate could be higher depending on your credit profile. Using a broker like Sunny helps because we search multiple lenders simultaneously, increasing your chances of finding someone willing to approve your application despite credit issues. Our bad credit loans page has more information about options for those with imperfect credit histories.
How do repayments work for loans over 6 months?

Most lenders use something called Continuous Payment Authority to collect your payments. This means they collect your payments using the card details that they hold on file for you, on an agreed date each month, instead of your bank setting up a direct debit. Before a lender takes payment from you, you’ll usually get a reminder from them a few days before to let you know when the payment will be taken, and how much it’ll be.
How much does a 6 month loan cost?

The amount you pay in total for your loan depends on how much you borrow. However, interest on 6-month loans is capped at 0.8% of the amount borrowed per day. Because lenders often charge interest daily, if you pay your loan back early, you’ll pay less in interest overall.
How quickly can I get money from a 6 month loan?

Most customers receive funds the same day if their application is approved. The exact timing depends on several factors including when you apply, how quickly you complete the application, when the lender approves you, and your bank’s processing speed. In many cases, funds arrive within 15 minutes of signing the loan agreement, though it can take a few hours. If you apply late in the evening or on a weekend, your application might be processed the next working day. Lenders typically have cut-off times (often around 2-3 PM) for same-day transfers. Apply earlier in the day to maximise your chances of receiving funds the same day. The initial eligibility check through Sunny takes just seconds, but the full application with your chosen lender might take 15-30 minutes as they verify your details and conduct affordability checks. Our system processes applications 24/7, so you can apply whenever suits you.
What's the difference between 6 month loans and payday loans?

Traditional payday loans required repayment in full within 30 days or by your next payday, often in a single lump sum. This created a “debt trap” for many borrowers who couldn’t afford the large repayment and had to roll over the loan at additional cost. A 6 month loan spreads repayment over six equal monthly instalments, making each payment much more affordable and manageable. Instead of repaying £1,000 plus interest in one payment next month, you’d make six payments of around £200 each. This significantly reduces the monthly burden and makes budgeting easier. Modern regulations have largely eliminated the old-style payday loans, and what’s now called “payday lending” often actually offers instalment repayment over several months. Many lenders offering payday loans now provide terms from 3 to 36 months. The key advantage of a 6 month loan is finding the balance between affordability (lower monthly payments than very short terms) and cost efficiency (less total interest than longer terms).
Can I pay off my 6 month loan early?

Yes, you can usually repay a 6 month loan early with no early repayment penalties. If your circumstances improve – perhaps you receive a work bonus, tax refund, or inheritance – you can clear the balance ahead of schedule and save on the interest you would have paid for the remaining months. Check your specific loan agreement for exact terms, as these are set by your individual lender, but FCA regulations prevent unreasonable early repayment charges. Some lenders allow you to make partial overpayments to reduce your balance faster, whilst others prefer full early settlement. Contact your lender to discuss your options if you want to repay early. Clearing debt ahead of schedule is always financially beneficial as it reduces the total interest paid and frees up your budget sooner.
What happens if I miss a payment on my 6 month loan?

Missing a payment on a 6 month loan can have several consequences. First, you’ll likely be charged a late payment fee, which varies by lender but is capped by FCA regulations. Second, the missed payment will be reported to credit reference agencies, which damages your credit score and may affect future credit applications for up to six years. Third, your lender may contact you requesting payment and may add additional interest or charges. If you continue to miss payments, the debt could eventually be passed to a collections agency. However, the most important thing is to contact your lender immediately if you know you’ll struggle to make a payment. FCA rules require them to treat customers facing financial difficulties with forbearance and consideration. They may be able to arrange a payment plan, adjust your repayment schedule, or freeze interest temporarily whilst you get back on track. Problems only escalate when ignored – proactive communication often leads to workable solutions.
Is a 6 month loan better than a 3 month or 12 month loan?

It depends entirely on your personal circumstances and priorities. A 6 month loan offers a balanced middle ground – monthly payments are more affordable than a 3 month loan but you’ll pay less total interest than a 12 month loan. Choose this if you want reasonable monthly payments without long-term commitment. A 3 month loan means higher monthly payments but you’ll clear the debt faster and pay less total interest. This works well if you can comfortably afford larger monthly instalments and want to be debt-free quickly. A 12 month loan offers the lowest monthly payments, spreading the cost over a full year. This suits those who need maximum affordability, though you’ll pay more total interest due to the longer borrowing period. Consider your budget (what can you afford monthly?), your timeline (how quickly do you want to be debt-free?), and your comfort level with commitment (does a year feel too long?). Many borrowers find six months hits the sweet spot, but the “better” choice is whatever fits your financial situation most comfortably.
Do I need a guarantor for a 6 month loan?

No, you don’t need a guarantor for a 6 month loan through Sunny. All the lenders in our panel offer unsecured loans based on your personal income, credit history, and affordability. A guarantor is someone who agrees to repay your loan if you can’t, and whilst some lenders specialise in guarantor loans, this isn’t required for the 6 month loans we help arrange. You apply independently and the lending decision is based solely on your circumstances. This is particularly helpful if you don’t have a family member or friend with good credit willing to guarantee your loan. That said, not needing a guarantor means the lender takes on more risk, which may result in higher interest rates for those with poor credit. If you’re specifically interested in borrowing without needing someone to co-sign, our no guarantor loans page has more details about independent borrowing options.
Will applying for a 6 month loan affect my credit score?

The initial eligibility check with Sunny uses a soft credit search that won’t affect your credit score. This soft search appears only on your credit report where only you can see it – other lenders can’t see it, and it doesn’t impact your credit rating. This means you can safely check what 6 month loans you’re eligible for without any downside to your credit score. However, if you proceed to apply with a specific lender, they will conduct a full credit check (called a “hard search”) which does appear on your credit file and may temporarily lower your score by a few points. This is standard practice for any credit application and the impact is usually small and short-lived. The advantage of using a broker is you only get one hard search (when you apply to your chosen lender) rather than multiple hard searches from applying to several lenders separately. If you’re declined and don’t proceed with any application, only the initial soft search occurs – your credit score remains unaffected.
How much can I borrow with a 6 month loan?

Through Sunny, you can borrow between £100 and £2,500 with a 6 month repayment term. The exact amount you’ll be offered depends on several factors including your income, credit history, existing financial commitments, and the lender’s assessment of your affordability. Someone with a strong credit history and higher income might be offered the full £2,500, whilst someone with credit difficulties or tighter budget might be offered less. Lenders are required by FCA regulations to only offer you amounts you can realistically afford to repay. It’s tempting to borrow the maximum available, but consider borrowing only what you actually need. Every extra pound borrowed means extra interest paid over the six months. If you need less than £500, our small loans page has information about lower-amount borrowing options. If you need more than £2,500, a longer-term personal loan might be more appropriate than a short-term 6 month loan.
Can I get a 6 month loan if I'm self-employed?

Yes, self-employed individuals can apply for 6 month loans through Sunny. Lenders in our panel will consider self-employed applicants as long as you can demonstrate regular, sufficient income. You’ll typically need to provide proof of income such as recent bank statements, tax returns, or accounts showing consistent earnings over several months. The minimum income requirement is usually around £500 per month net, though this varies by lender. Self-employed income can be less predictable than salaried employment, so lenders may scrutinise your application more carefully to ensure you can afford the monthly repayments. If your income fluctuates seasonally, be prepared to explain this and show an average that meets the requirements. Having several months of bank statements showing regular deposits from clients strengthens your application. Being self-employed doesn’t disqualify you, but it may affect the amount you’re offered or the interest rate, particularly if your income is variable or you’ve only recently become self-employed.
What's the Representative 89% APR and will I get that rate?

The Representative 89% APR is the rate that at least 51% of successful applicants receive. It’s used as a standard comparison figure to help you understand typical borrowing costs. However, your personal APR may be different – it could be lower or higher depending on your individual circumstances. Factors affecting your rate include your credit score, credit history, income level, existing debts, and how the lender assesses your risk profile. Those with excellent credit might be offered rates as low as 9.3% APR, whilst those with poor credit histories might be offered rates up to 1,721% APR. The actual rate you receive will be shown clearly before you commit to anything, and you’re under no obligation to accept if the rate is higher than you expected. The representative APR gives you a baseline for comparison, but always look at your personal quote to understand what you’ll actually pay. Compare the total amount repayable rather than just focusing on APR – sometimes a slightly higher APR over a shorter term costs less overall than a lower APR over a longer period.
Are there any fees for using Sunny's service?

No, Sunny never charges you any fees for our brokerage service. We don’t charge application fees, service fees, success fees, or any other charges. Our service is completely free for customers. We’re paid a commission by the lender if you successfully take out a loan, but this never costs you anything extra. The loan you receive through Sunny costs exactly the same as if you’d applied directly to that lender yourself. There are no hidden charges, no surprise fees, and no asterisks to watch out for. This is a fundamental part of our approach – we believe access to credit comparison shouldn’t cost you money. The lender you choose may have their own fees (such as arrangement fees or late payment charges), but these will be clearly disclosed in your loan agreement before you sign. Always read the full terms to understand all costs associated with your specific 6 month loan.

More information on loans over 6 months

When you apply for a 6-month loan through Sunny, flexible lending options mean that you can repay your short-term loan over a 3 to 36 month period. This means you can choose to spread the cost of your borrowing over a period that works for you and your budget.

Three months is the minimum repayment period available with a loan through Sunny, although you can usually repay early using the options available in your online account to save on interest.

How can a 6 month loan from Sunny help you?

Sunny is here to help if you suddenly find yourself with unexpected costs that you need to cover quickly. Here, we’ve highlighted some benefits of a short-term 6 month loan.

You can get your cash fast. If approved, lenders can transfer your loan to your bank account today^#.

We don’t charge any fees, so you’ll know exactly what you have to repay upfront, no surprises.

You can check in on your account any time online with your lender. This means you can always ensure you have the cash ready in time for your next scheduled payment date.

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Related Loan Options

6 month loans work for most situations, but your needs might be different. Want to clear debt faster? 3 month loans finish quickly with higher payments. Need lower monthly payments? 12 month loans spread costs further. Facing an urgent crisis? Emergency loans combine speed with flexibility. Concerned about credit history? Bad credit loans connect you with understanding lenders. Whichever you choose, you get soft credit checks, no fees, and multiple lenders compared.