6 Month Loans

There is no set credit score required to apply. At Fast Loan UK, we look at your affordability, income, outgoings, and financial circumstances alongside your credit history to assess whether repayments can be made comfortably and responsibly. If you are someone with a poor credit history, it doesn’t necessarily mean you will be declined. If we can determine that a loan is sustainable for you, we may still be able to help.

Yes, early repayment is an option for you. We only charge interest for the days you have borrowed, plus a £20 early settlement fee, which may reduce the total amount repaid if you decide to settle early. All you need to do is contact your personal Customer Care Manager, and they will be able to provide the details for this. If you’re able to repay your 6 month loan sooner, it not only clears the debt faster but can also improve your financial flexibility, helping demonstrate responsible borrowing on your credit record.

Applications are assessed quickly, and approved funds are often paid the same day. Timing can depend on whether we need to check application details with you, verification checks, and when you apply during business hours. How quickly you receive the funds will depend on whether your bank supports Faster Payments. Applications made during business hours are often processed fastest, while those made late at night or on weekends may be completed the following working day. Ensure your details are accurate and you have income and banking information ready.

6 month loans can be more manageable than traditional payday loans as repayments are spread over multiple months. This can reduce financial pressure compared to a single short-term lump sum repayment. This will also help reduce the likelihood of missed repayments. While both carry higher interest rates than traditional bank loans, a 6 month loan usually provides better overall value for borrowers needing flexibility.

The amount you can borrow depends on your affordability and whether you are borrowing for the first time at Fast Loan. New customers can borrow up to £800 with 6 month loans, while returning customers may be eligible for a maximum £2,000 loan, subject to approval. It’s important to only apply for the amount you need rather than the maximum amount available.

Yes, Fast Loan UK is a direct lender authorised by the FCA. This means you can apply directly with us, and we’ll handle your loan application from start to finish. We make our own lending decisions, and you’ll be assigned a personal Customer Care Manager throughout your loan, including during repayments. We take a customer-friendly approach so that you can enjoy a seamless online application without any third parties. We are ready to help whenever you need us.