Get a short-term 6-month loan with fixed instalments
Spread the cost of an unexpected expense over 6 months. Borrow between £200 and £1,500* and repay in fixed instalments over 6 months, so you know exactly what’s due and when.
Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative 1,267.9% APR.
Compare Moneyboat loans.
Warning: Late repayment can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
Important: Moneyboat provides a flexible short-term loan. Although these loans are recognised and often searched for by our customers as ‘6-month loans,’ our focus is on providing clear and accessible financial options that meet your needs.
*New customers may be able to borrow between £200 and £800. Returning customers may be able to borrow up to £1,500, subject to affordability checks.
**‘15-minute funding’ means that funds can be deposited into customers’ bank accounts within 15 minutes once all checks have been completed. Please see our ‘Understanding the language we use’ page for more info.
Thousands of customers rate us Excellent on Trustpilot!
How a 6-month loan from Moneyboat works
A 6-month loan is a short-term loan repaid in fixed instalments over 6 months. It may help if you need to spread the cost of an unexpected expense over a longer period than a 3-month loan. Here’s how our 6-month loans work:
Step 1
Apply in minutes
Fill in a short online form and let us know how much you’d like to borrow. We’ll run a credit check and assess your application individually.
Step 2
Get your personalised offer
Before signing your agreement, you’ll see exactly how much you’ll repay, including interest, before you decide whether to go ahead.
Step 3
Receive your funds
Once approved, we’ll send the funds to your bank account within 15 minutes**.
Step 4
Repay in fixed instalments
You’ll repay your loan in fixed instalments over 3 months on agreed dates. The full repayment amount will be clearly set out in your agreement.
Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative 1,267.9% APR.
How much does a 6-month loan cost overall?
The total cost of a 6-month loan depends on how much you borrow and your personal loan offer. Before accepting any loan, you’ll see the total repayment clearly set out.
Spreading repayments over 6 months can reduce the amount due each month compared with a shorter term, but it may also mean paying interest for longer. It’s important to check both the monthly repayment and the total amount repayable before deciding whether to go ahead.
How pricing works
In the UK, loans are regulated by the Financial Conduct Authority (FCA). That means:
- Interest is capped at 0.8% per day – we only charge 0.79%
- Default fees are capped
- You’ll never repay more than 100% of the amount borrowed
So the cost is limited – and it can’t keep increasing.
Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative 1,267.9% APR.
When a 6-month loan might help
A 6-month loan may help if you have a one-off cost and want to spread repayments over a longer short-term period. This could include:
A 6-month loan may give you more time to repay than a shorter option, such as a 3-month loan. However, borrowing for longer can affect the total amount you repay, so it’s important to review the full cost before accepting any offer.
Short-term loans are designed for temporary borrowing rather than ongoing financial difficulties. Before you apply, check that the repayments fit comfortably into your monthly budget.
Is a 6-month loan right for you?
A 6-month loan can help spread the cost of a one-off expense, but it might not be right for everyone.
Here are some situations where a short-term loan may or may not be suitable:
| ✔ It may be suitable if… | ✘ It may not be appropriate if… |
|---|---|
| ✔ You have a one-off urgent cost | ✘ You’re struggling with ongoing debt |
| ✔ You have a regular income | ✘ You’re borrowing to repay other debts |
| ✔ You want to spread repayments over 6 months | ✘ You need longer-term financial support |
| ✔ You can comfortably make the repayments on time and in full | ✘ You’re unsure if you can meet the repayment schedule |
Short-term credit should be used carefully. Take a moment to review your budget and ensure repayments fit your monthly outgoings.
If you’re under financial pressure, free and independent advice is available at moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
Looking to borrow a specific amount?
A 6-month loan term is only one part of choosing a loan. The amount you borrow matters too, and borrowing only what you need can help keep repayments more manageable.
With Moneyboat, you can apply for short-term loans in different amounts*, depending on your circumstances and affordability checks. This means you can choose an amount that reflects the cost you need to cover, whether that’s an urgent bill, an essential repair, or a temporary gap between paydays.
If you already have a figure in mind, you can explore:
*New customers can apply to borrow between £200 and £800. Returning customers may be able to borrow up to £1,500, subject to affordability checks and status.
Free and independent advice is available at moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
Eligibility for a loan
To apply for a loan with Moneyboat, you’ll need to:
✔ Be 18 or over
✔ Live in the UK
✔ Have a regular income
✔ Have a UK bank account in your name
If you choose to submit a loan application, we’ll complete a full credit check as part of the process.
We look at your income, outgoings, and existing commitments to ensure any loan we offer is affordable. Meeting the basic criteria doesn’t guarantee approval.
Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative 1,267.9% APR.
Applying for a 6-month loan with bad credit
Even if you feel like you’ve got a bad credit score, you’re still welcome to apply for a short-term loan from Moneyboat.
When we review your application, we look at your current situation, not just what’s happened in the past. That includes your income, regular outgoings, and whether the repayments look manageable.
Approval isn’t guaranteed. We’ll only offer a loan if we believe it’s affordable for you.
Read our minimum lending requirements for more information.
Credit checks & responsible lending
As a regulated UK lender, we’re required to check that borrowing is suitable and manageable.
If we don’t think a loan would be affordable, we may decline the application. That’s to help protect you from taking on debt that could cause problems later.
If you’re already under financial pressure or thinking about borrowing to repay other debts, it may be worth exploring other options first.
If you’re unsure, free and independent guidance is available at moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
Why choose a loan from Moneyboat?
We understand that when money is tight, you need a lender you can trust.
As a Moneyboat customer, you can:
Get funds the same day, if approved
See your total repayment before accepting any loan
Repay in fixed instalments over 2 to 6 months
Apply online in minutes
Borrow from a regulated UK lender
Access friendly support from our UK-based team
We focus on clear pricing and responsible lending, so you can make a confident, informed decision before committing.
We’ll only offer a loan if we believe it’s affordable for you.
Alternatives to a 6-month loan
Before taking out a loan, it’s worth considering other options:
- Using savings, if you have them
- Asking your employer about a salary advance
- Setting up a payment plan with a utility provider
- Checking whether you’re eligible for a support scheme
Short-term loans are intended for temporary borrowing rather than ongoing financial issues. If you’re experiencing long-term financial pressures, considering support options first may be helpful.
Free and independent advice is available at moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
Types of loans
Short-term loans
Moneyboat provides regulated short-term loans intended for temporary financial emergencies, with clear terms.
Repayments are made in fixed monthly instalments over an agreed period, so you know exactly what to expect and how much it will cost.
Emergency loans
Emergency loans are used to cover urgent, unexpected expenses, such as essential repairs or unplanned bills.
Bad credit loans
Bad credit loans are designed for people with a limited or poor credit history, though approval is not guaranteed.
Car repair loans
Car repair loans help cover the cost of essential vehicle repairs to keep you on the road while repaying over time.
Instalment loans
Instalment loans are repaid in fixed amounts over an agreed period, with the total cost set out upfront.
£400 loans
£400 loans can be used to cover a range of emergency expenses and are repayable in 2 to 6 months.
3-month loans
3-month loans are repaid over 3 months, spreading the cost into smaller instalments.
Who is Moneyboat?
Moneyboat is a UK-based direct lender.
We provide short-term loans with clear pricing and fixed repayments, so you always know what to expect.
We take responsible lending seriously. That means we check that any loan we offer looks affordable and manageable for you.
If you ever have questions, our team of real people is here to help.
FAQs about loans from Moneyboat
Borrowing money can feel complicated, but we’re here to help. Our experts answer your most common questions about 6-month loans.
With Moneyboat, applying is simple.
- Choose how much you’d like to borrow and for how long.
- Complete the online application with your details.
- We’ll carry out affordability and credit checks to assess your application.
If you’re approved, you’ll see exactly how much you’ll repay before you decide whether to go ahead.
All applications are subject to status and affordability checks.
Funds can be sent to your bank account within 15 minutes** once approved, depending on your bank’s processing times.
**‘15-minute funding’ means that funds can be deposited into customers’ bank accounts within 15 minutes once all checks have been completed. Please see our ‘Understanding the language we use’ page for more info.
No. Credit and affordability checks are required by law for all regulated UK lenders.
Before accepting a loan, you’ll see the full repayment amount in pounds and pence. Our interest is 0.79% – lower than the 0.8% cap – and we charge no fees when taking a loan. You’ll also never repay more than 100% of the amount borrowed.
We review income, essential outgoings, and existing commitments to make sure repayments are manageable.
Common reasons include insufficient income, existing financial commitments, or affordability concerns.
If we decline an application, it’s because we believe the loan may not be suitable or affordable based on the information available to us.
We’re a direct lender.
You apply directly with us – not through a broker or loan-matching service. We don’t pass your details to other lenders unless you instruct us to, and you won’t be contacted by multiple loan companies as a result of an application with us.
Yes. You can repay your loan early at any time.
If you do, you’ll only pay interest for the days the loan is outstanding. No early repayment fees apply.
If you think you might miss a payment, please contact us as soon as you can. We’re here to help.
Missing payments can affect your credit file and may lead to additional charges, subject to FCA limits. The sooner we speak, the sooner we can look at your options together.
Warning: Late repayment can cause you serious money problems. For help, go to www.moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
Yes. A credit check is carried out when you apply, and missed repayments may negatively impact your credit file.
A 6-month loan may be suitable for short-term, occasional borrowing when you can comfortably afford the repayments.
If you’re experiencing ongoing financial difficulty or considering borrowing to repay existing debts, it may be helpful to seek independent advice before applying.
No lender regulated by the Financial Conduct Authority can guarantee approval. All Moneyboat applications are assessed based on status and affordability to ensure borrowing is suitable.
No. You must repay your current Moneyboat loan in full before applying for another.
Yes. You can withdraw from your loan within 14 days of signing. You’ll need to repay the amount borrowed, plus any accrued interest.
Not necessarily. A 6 month loan spreads repayments over a longer period, which may reduce the amount due each month. A 3-month loan may help you clear the balance sooner, but repayments may be higher.
The right option depends on your budget, the total repayment amount, and whether the loan is affordable for your circumstances.
If you think you may miss a repayment, it’s important to contact us as soon as possible.
We’ll review your situation and discuss potential options. Missed repayments can affect your credit file and may result in additional charges, within FCA limits.
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk. You can also see a full list of free and independent support organisations here.
Most applications can be completed online without uploading paperwork straight away.
If asked, you’ll usually need to provide:
- Your personal details (name, address and contact information)
- Details of your income and employment
- Information about your regular monthly outgoings
- Your UK bank account details
In some cases, we might ask for additional information to verify your identity or confirm your income. This could include photo ID or recent bank statements, depending on your circumstances.
Any checks we carry out are part of our responsible lending and affordability assessment.
Latest blog posts
Short-term loans and their advantages
Explore the advantages and disadvantages of personal short-term loans, including payday loans, so you make the right decision when you need funds fast.
How to build an emergency fund
Ready to get started on building an emergency fund? Learn what an emergency fund is, how much to save, and how it can help you avoid short-term borrowing
How to borrow money from family and friends
Learn about family and friend loan agreements and the pros and cons of borrowing money from your loved ones – check to see if it's a good option for you!
