Warning: Late repayment can cause you serious money problems. For help moneyhelper.org.uk | Representative APR 89.9%
Warning: Late repayment can cause you serious money problems. For help moneyhelper.org.uk

6 Month Loans

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Payday loans are considered to be a short-term solution, designed to be paid off once your wages arrive. However, it is possible to cover the cost of an emergency but spread out the payments over a relatively short period with a 6 month loan through Sunny.

This can help you cover the cost of the emergency in a way that works with your budget, as you’ll make affordable payments each month rather than strain your finances by making a single, large payment only a matter of days or weeks after experiencing an unexpected expense.

Representative 89% APR

Representative Example: Borrowing: £1000 for 18 months, Total Repayable: £1853.43, Total Interest: £853.43, Interest Rate (Variable): 89.9%. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. 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 introducer 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 short-term loans information hub

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

  • It could be a more manageable option for many people, as it spreads the payments over a longer period. However, it’s worth noting that you will pay more overall in interest, so while it may be more manageable month-to-month, it isn’t necessarily a cheaper option.

  • 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. 

  • 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 back early you’ll pay less in interest overall.

More information on loans over 6 months

When you apply for a loan through Sunny, you can repay your short-term loan over a 3 to 36 month period. This means you can 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.

Eligibility for a 6 month loan

It’s important before applying for any loan that you check you are eligible first. Meeting a lender’s eligibility criteria doesn’t guarantee you’ll be accepted, but it’s a useful starting point to help you to understand what kind of customer that lender is looking for. If you don’t meet a lender’s eligibility criteria then knowing this upfront can help you to avoid unnecessary searches on your credit record, a number of which taken out in a short period can impact your ability to be approved for credit.

To be eligible to apply for a loan, you must:

  • Be at least 18 years old
  • Be a UK resident
  • Be able to supply your address history for the past three years
  • Have a working email address and a mobile phone that you can be reached on
  • Have a regular income
  • Not be bankrupt or otherwise insolvent

How can Sunny help you?

Sunny is here to help if you have a financial emergency you need to cover. Here we’ve highlighted some of the features of our short-term loans that benefit our customers.

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.

Feeling confident about Sunny’s 6 month loans?

If you feel a 6 month loan is the best choice for you then hit the apply now button below and receive the cash you need for an emergency today.

Apply Now!

Looking for more information on lending options?

Want to know more about short-term loans and the circumstances when you may need one? Take a look at our in-depth guides below.

Loan Guides