Here at QuidMarket, we offer short term loans to hard-working people who need to borrow cash in an emergency. We offer up to 6 month loans if you need them, but most importantly, we allow you to set the repayment term that works with your budget.
- New customers can borrow between £300 and £600*
- Returning customers may be eligible to borrow up to £1,500*
- Flexible repayment terms between 3-6 months
- QuidMarket is an FCA Authorised responsible lender
- 6 month loans in the UK with no hidden fees
- We’re 6 month loan direct lenders
- No guarantor or collateral needed
- Quick and easy application online
- Decisions made by humans, not computers
- All credit scores considered for 6 month loans
- You’ll usually receive the cash the same day as approval
*Loan amounts and repayment terms are dependent on affordability checks
To find out more about our 6 month loans UK service, and for help deciding which loan term is best for you, read on below. If you still have questions, feel free to contact QuidMarket and we’ll be more than happy to help you.
About Our 6 Month Loans UK Service
When you’re faced with an unexpected payment and need to borrow money quickly, you should still get a good deal from a great lender. At QuidMarket, our core aim is to lend fairly and responsibly, and we’ve found that a big part of that is offering 6 month loans. True payday loans can often simply delay your short-term financial issue until the next month, rather than allowing you to spread the cost over a longer period. As a 6 month loan direct lender, we offer 6 month loans in the UK so that those who need more time to repay their loan can have it.
You’re welcome to apply for our 6 month loans in the UK if you meet the below eligibility criteria:
- Live in the UK
- Over 23 years old, and under 65 years old
- Have a mobile phone (we send an SMS code during your application)
- Hold a UK bank account with a valid debit card (we run a verification check that takes 1p)
- Be in employment and take home at least £1,300 a month.
We always put the best interests of our customers first. While we aren’t able to approve every 6 month loan application we receive, we do lend fairly and responsibly.
Why Loan Terms Matter
The right loan term can make a big difference. Choosing too long a payment term – selecting a 6 month loan when you would be able to sustainably afford a 3, 4 or 5 month term – is not advisable, as this will cause you to pay interest unnecessarily. However, overstretching yourself to afford higher repayments on a shorter loan term can be dangerous. If you are unable to keep up with repayments, you may default on your loan, which has negative consequences for your credit file.
If, during your loan term, your circumstances change, and you are worried that you may not be able to make a particular payment, it’s best to contact us as soon as possible. Our friendly expert advisors will listen and try to help you make alternative payment arrangements so that you can avoid defaulting on 6 month loans in the UK.
Is a 6 Month Loan Right For You?
Before you apply for a loan, it’s important to consider which loan term is right for you. If you’re unsure exactly what is meant by loan term – it simply refers to how long you take to repay your loan. At QuidMarket, we offer 3, 4, 5 and 6 month loans for new customers, so you can work out the best repayment schedule for your budget. Our 3 month loans are our minimum term, and we do not offer anything less, such as one month loans.
Generally, the larger the loan amount, the longer you’ll need to repay it, but there’s no set rule for this as everyone has different circumstances. We’re firm believers in offering completely tailored loans for everyone’s situation. If a 6 month loan is best for you, that’s what you should choose. However, if you could sustainably afford the repayments with a shorter loan term, this could be a better choice for you.
The best way to determine if a 6 month loan term is right for you is to work out your budget over the next 6 months as accurately as possible. Next, use the 6 month loan calculator tool on our homepage. Enter the loan amount you need (you should only borrow the amount you need to cover the emergency payment, and no more) and click on 6 months.
You will see an example repayment schedule – this is illustrative, and it is important to note that your tailored repayment schedule will be confirmed during your application. However, by changing the repayment term from a 6 month loan to 5 months, then 4 and 3, you’ll be able to gauge which would be the best fit for your upcoming budget.
Why QuidMarket As Your 6 Month Loan Direct Lender?
When you need a 6 month loan to cover an emergency payment, we know you don’t want to be faced with a long application process and unnecessary delays. That’s why, as a 6 month loan direct lender, we’ve streamlined our process as much as possible, so you can make the necessary payment with no fuss. The online application for our 6 month loans in the UK is straightforward and takes just a few minutes to fill out. We strive to offer same day loans whenever possible, and use Faster Payments so the funds could be in your bank account just 10 minutes after signing your loan agreement.
One area we do take our time with is looking over your application. As a 6 month loan direct lender, we take this stage seriously and every application is manually checked by a fully trained member of the team. If a 6 month loan is sustainably affordable for you, we’ll be happy to consider your application, even if your credit score is low – we specialise in fair loans for bad credit.
It’s important to us that you have all the information you need to make an informed decision about whether we’re the right 6 month loan direct lender for you. To find out more about our 6 month loans, you can read our dedicated FAQ page or click on How It Works at the top of this page. If you still have questions after this, you’re welcome to contact QuidMarket and we’ll be more than happy to help you.
Once you’re ready, you can apply for a 6 month loan from QuidMarket online today.
Yes, the maximum repayment term we can offer for applicants is 6 months. This is the same for both new customers and repeat applicants. The term you choose will depend on your personal needs and your ability to afford the repayments required.
We are a direct lender, meaning we lend our own money and do not pass you to a third party lender. This means we are in control of the lending approval process and do not charge any upfront fees, nor any hidden fees for using our online service. If you are unsuccessful with your application for a 6 month loan, we will not charge you a fee.
We can provide 6 month loans up to a maximum of £1500 for returning customers. This will depend on your ability to afford repayments and your credit history, with the maximum amount not guaranteed. We do not encourage customers to apply for more than they need to cover an emergency financial expense.
We can help customers with a range of credit histories, so if you do have bad credit, we may still be able to approve your application. We take a human approach to assessing your loan application and do not use automated decision making, so we won’t decline you just for having a low credit score. However, we will perform a credit check as part of the assessment and if we cannot determine your suitability for the 6 month loan, we will have to decline your application.