6 Month Loans
Are you looking for a 6 month loan? You’re in the right place. Lending Stream are a 6 month loans direct lender in the UK. Apply for a 6 month loan of £50 to £800 for new customers and £100 to £1500 for existing customers and, if approved, we’ll send it to your bank within 90 seconds*.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Why choose Lending Stream for 6 month loans?
Trusted
Rated excellent on Trustpilot & 99% recommendation rating on Reviews.co.uk.
Convenient
Secure online application available 24/7. A decision in seconds, not days.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Cash sent to your bank in under 90 seconds, if approved. It may take longer to reach your account depending on your bank’s processes.
What are 6 month loans?
6 month loans are short term loans which are borrowed and repaid in 6 equal monthly instalments. These loans are generally for fairly small amounts. You can usually expect to be approved on the same day you apply, just like same day loans.
With Lending Stream, our short term loans are also Unsecured Loans. So you won’t need to put any possessions at risk, even if you have a poor credit history. Additionally, you can pay off your loan early to save money with no fees.
How do I check if I’m eligible for a loan with Lending Stream?
When you apply for a 6 month loan with Lending Stream, you must:
- Be at least 18 years old.
- Be a UK resident.
- Have an active bank account.
- Have a valid debit card.
- Be in regular employment with a monthly income of at least £400.
During our application process, we might ask you to show proof of your income. As a responsible lender, we do this to ensure that you can comfortably afford the loan repayments.
Representative 1271%APR
How can I apply for a 6 month loan with Lending Stream?
To apply for a loan with Lending Stream, you’ll have to complete an online application form. You’ll be asked for the following details:
- The amount you want to borrow with us.
- Some basic personal information.
- Your employment, salary, expenses, and banking details.
Once we receive your application, we’ll run a credit search, and affordability checks to ensure responsible lending and borrowing. This is to see if you can afford the repayments. If approved, we’ll send the loan terms and agreement for you to review and sign. Once signed, we’ll send the approved loan amount to your bank within 90 seconds*.
Representative 1271%APR
How long have you got to pay your 6 month loan back?
With Lending Stream, you’ve got 6 months to pay back what you borrow.
If you want to repay your loan sooner than 6 months, that’s fine too! You can repay as early as you want with no extra fees. And because our loans are charged at a daily interest rate, you’ll save money if you repay early.
What if my 6 month loan application is rejected?
We can’t guarantee your application will be approved. We look at lots of different factors when you apply for a 6 month loan, including your credit rating.
We don’t want you to borrow money that you can’t afford to pay back.
Sometimes, information we receive from a credit reference agency leads to us rejecting your application. If this is the case, we’ll let you know the name of the credit reference agency by email. So, that you can check your credit file with them if you wish.
What are the advantages of 6 month loans?
- Fast cash: If you have an unexpected expense, 6 month payday loans could be useful. They can give you quick access to the money you need.
- No collateral required: When you apply for a 6 month loan, you don’t have to risk possessions such as your house, car, or other assets. They’re unsecured loans.
- You may be eligible for a 6 month loan with a poor credit score: We won’t pretend that your credit score isn’t important for us. But we do understand that your credit score doesn’t fully reflect your current situation. We’ll look at other factors as well, which is why we consider bad credit loans.
- Repay in affordable amounts: If you take out a 6 month loan with Lending Stream, you’ll have 6 months to pay back. Unlike a traditional payday loan, you don’t have to pay it all back in one go.
What are the disadvantages of 6 month loans?
- High Interest Rate: Interest rates are usually higher than bank loans.
- Missed Repayments: With a 6 month loan, like any other type of short term loan, missed repayments can affect your credit score negatively.
FAQs – 6 month loans
Will a 6 month loan affect my credit file?
To help with our lending decision, we’ll check your credit file when you apply. This will not impact your credit file. We only leave a footprint (credit search) if you take out the loan. We’d be irresponsible if we didn’t check. Missed repayments will also negatively affect your credit history. If you make repayments on time, that may reflect positively on your credit file, though.
How do I make my monthly repayments?
We can take the monthly repayments out of your bank account each month. If you prefer to make the repayments yourself, you can log into your account and make payments there using your debit card, apple pay or google pay, we also accept payments via bank transfer.
What if I’m having financial problems?
Always get in touch with us if you’re having problems making your 6 month loan repayments. Log in and chat with us online or call us. We’re here to help.