Loans
For 6 Months

Short-term instalment loans are a great way to pay for large purchases or unexpected expenses with affordable monthly repayments. With 6 month loans, you can get access to the cash you need with low monthly repayments over 6 months.

Forget expensive payday loans and short-term cash advances. With a Creditspring membership, you can build your credit history and get access to no-interest (APR Rep 83.1%) loans on demand. 

What is a 6-month loan?

A 6-month loan is a personal instalment loan with repayments over 6 months. It’s a popular option for borrowers who need access to cash on-demand, with affordable monthly repayments. 

Since banks typically don’t offer small short-term loans, borrowers are increasingly looking to alternative lenders for 6-month loans in the UK with lower interest rates and affordable instalments. 

This is where Creditspring comes in. 

With low interest 6 month loans from Creditspring, you can budget effectively and have more money available for your day-to-day expenses. In addition to this, you only pay the fixed membership fees apart from the loan amount you’ve borrowed.  

Apply for 6 months short term loans today and enjoy a no-interest, on-demand solution. 

Why choose Creditspring

Here are some of the reasons to choose Creditspring for your short-term loans:

• Borrow the money you need on-demand

• No-interest loans 

• Pay a fixed membership fee

• Eligibility takes only a few minutes

• Build your credit history

As with all 6 months loans, always ensure that you can comfortably afford the loan repayments. This will not only allow you to qualify for great rates but also build your credit history.  

Your Creditspring membership will give you on-demand access to loans with no interest when you need it most. Read more about our Step (total loan amount £400), Core (total loan amount £600), and Plus (total loan amount £1,000) products here.

How do I apply for a 6-month loan?

To apply for a 6-month loan from Creditspring you need to check your eligibility. Once you enter your details you'll get a response in less than 60 seconds and it won’t affect your credit score. 

To become a member of Creditspring and qualify for no-interest 6-month loans you:

• Must be a UK resident

• Must be at least 18 years old

• Have a minimum income of £14,000 per year

• Must not have any recent CCJs or been bankrupt

Applying for a 6-month loan is easy and takes only a few minutes. Simply enter your details into the eligibility checker and get an outcome in less than 60 seconds.

Checking your eligibility only requires a soft credit check. Once approved, and you choose to continue, we’ll run a hard credit check to finalise your application.  

After your 14-day cooling-off period, you can have the money paid into your account within 24 hours. Payments are made seven days a week, except for bank holidays. 

Use our free eligibility checker to see if you’ll be accepted.

What are the requirements?

When applying for a 6 months loan you need to make sure you can afford the monthly repayments until the loan reaches its term. Also, make sure that your credit profile meets the minimum requirements. Although you don’t necessarily need a good credit score, a higher credit score may offer you more favourable terms with lenders. So if you don’t have a good credit score, consider improving your credit.

In addition to your credit score, you’ll typically need to be at least 18 years old, a UK citizen and have a stable income. 

Getting a 6-month loan with bad credit

Want to apply for a 6-month loan (UK) but have bad credit? Creditspring can help with the Stability Hub. 

A bad credit score can lead to higher interest rates and prevent you from getting approved for the loan you need. By joining the Stability Hub from Creditspring you can improve your credit and qualify for access to our range of affordable loans. 

As a Stability Hub member, you’ll automatically be notified when you are eligible for a loan. You’ll get the tools you need to keep track of your financial health and improve your financial behaviour.

How to find the right short term loan

When looking to apply for low interest 6 month loans you need to consider the repayment period, the total loan cost, including all rates and fees, and the APR. Short-term loans can typically be expensive and if you skip any payments you will also be charged additional fees. 

Need a 6-month loan? Check if you’re eligible to join Creditspring today!

How much will a 6-month loan cost?

The cost of a 6-month loan will depend on your credibility, the loan terms, and the interest rate. With Creditspring, in addition to what you’ve borrowed, you only pay a fixed monthly membership fee. This means you get no-interest loans with low monthly instalments.

Keep in mind that you can repay your loan earlier, without any penalty. This is a good option if you are able to repay your loan earlier and improve your credit history or qualify for a better loan.    

Representative example: Total amount of credit £600 repayable over 13 months. 12 monthly membership payments of £10. Rate of interest 0% p.a. (fixed) Representative APR 83.1%. The first repayment for each advance is £50 due 45 days after drawing, followed by 5 monthly repayments of £50. Total amount payable £720.  

What are the benefits of a 6-month loan?

A short-term loan from Creditspring has a lot of benefits to offer. You can get the cash you need immediately with affordable monthly payments, allowing you to pay for a bigger purchase or cover an emergency expense right away.

Since banks typically don’t offer small loans with favourable terms, borrowers are looking to other lenders to get great rates and borrow a small amount over 6 or 12 months.

A 6-month loan can also help you to build your credit score to help you qualify for better loan rates and higher loan amounts in the future. In addition to offering no-interest rate loans, Creditspring can help you boost your credit score with the help of Stability Hub.