6 month loans

6 month loans can be a life line if you have an emergency expense or unexpected bill, meaning you may suddenly be in need of some cash. 6 month loans allow you to spread the repayment of your loan over a six month period. Whilst you may pay back more over the period of time, each monthly instalment is lower than if you were to pay the full amount back in one go. You can apply for a loan with us by visiting one of our high street stores.

6 month loans should not be used for a long term financial solution.

Find a store

Representative Example: £300 borrowed for 4 months. Annual interest rate of 292% (fixed). Total amount repayable is £582.65 in 3 monthly instalments of £145.72 and a final instalment of £145.49. Representative 1140% APR.

Apply for a short term loan in 3 steps

How much and how long?

You could borrow from £50 to £2000 and repay over 1 to 6 instalments.

Get a decision

The details you provide on your application will be used to help us make a lending decision. All applications will be subject to credit and affordability checks.

Getting your money and repayments.

If we approve your loan, you could walk out with the cash straight away. Repayments will be taken from your debit card on the agreed repayment date(s)

What is the difference between 6 month loans and payday loans?

Traditionally, payday loans are used if you need to make a small shortfall in your cash flow, which you pay back in a lump sum once you’ve been paid. However, it can create further cash flow problems if you aren’t able to pay the full amount in one go.

6 month loans enable you to pay back your loan over 6 monthly instalments. Whilst borrowing for longer means you pay back more in total, individual repayments are lower than one full repayment.

Does The Money Shop offer 6 month loans?

We do offer 6 month loans as one of our short term loan options. You can choose to apply for between £50 - £2,000 repayable over 1 – 6 monthly instalments aligned to your payday.

We don’t charge any fees on our loans: that’s no arrangement, late repayment or early repayment fees. All you pay back is your agreed interest. If you find that you can afford to pay your loan back sooner than expected then that’s fine. By doing so, you’ll reduce the amount of interest you pay as this is calculated on a daily basis.

Applying for a 6 month loan with The Money Shop

If you would like to apply for a loan in-store you'll need to bring your debit card, photo ID, proof of income and proof of address. Click here to see the full list of ID we accept.

To find out more about how to apply for a loan please view our how short term loans work page, or if you would like to read more details on our rates please visit our loan charges

Looking for an online loan?

The Money Shop no longer offers loans online through the website www.themoneyshop.com or over the phone. To find out more information click here.

Important information

We understand that your personal and financial circumstances can change, if this occurs or if you are having trouble repaying your loan let us know as soon as possible by contacting us on 0800 009 3565* and we will do our best to help.

Your loan repayment(s) will be taken automatically on the contractual date(s) using your debit card. If your card details have changed please contact us urgently on 0800 009 3565* to update these.

Please be aware that late repayment by you may result in us reporting this to the credit reference agencies which may have a negative effect on your credit score. There are no late repayment fees if you miss a payment and we will not charge any additional interest.

Please note that loan renewals are not offered for this product. If you are an existing customer and would like to apply for another loan, please come and visit us in-store. If you are experiencing financial difficulty, please click here to find information on non-charging agencies that can provide independent advice.

Remember that short term loans can be an expensive form of borrowing, so take time to consider the costs and risks of the product before taking out a loan.

Short term loans should not be used as a long term financial solution

Our other services