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6 month personal loans – get cash now and pay it back over a few months

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Boost your budget and avoid the quick turnaround of other short-term loans.

Six-month personal loans are a good option for those who don’t have the credit to qualify for longer loan terms but still don’t want to risk the quick turnaround of a payday loan. Although you’ll still have to pay higher interest rates than with banks, you may be able to find a six-month personal loan with a competitive interest rate and low fees that make borrowing for an emergency or big project a breeze.

OppLoans Installment Loans

OppLoans Installment Loans
  • Easy online application
  • Quick approval
  • Fast funding
  • Long repayment terms

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

  • Minimum loan amount: $500
  • Maximum loan amount: $5,000
  • Turnaround time: 1 business day
  • Loan term: 9 to 36 months
  • Must have direct deposit and meet minimum income requirements
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How do a six-month personal loans work?

Six-month personal loans are designed to help you with your finances when you need money quickly but know you won’t be able to pay back your loan within a few short weeks. Many offer larger loan amounts as well, making them a good choice for those who need to make a big purchase or pay a hefty bill.

When you borrow a personal loan for six or more months, you’ll pay back your principal and interest in regular installments, with due dates usually set at once or twice a month. However, because many six-month personal loans are meant for people with poor credit, you’ll likely have to pay a high interest rate — sometimes well over 300%.

The exact amount you can borrow and the fees you’re required to pay will vary by your lender and your state. You can browse your options on the table below to see what rates you might qualify for.

Compare installment loans

Rates last updated March 19th, 2019
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Max. Loan Amount Turnaround Time Requirements
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
$5,000
1 business day
Must have direct deposit and meet minimum income requirements
HonestLoans Installment Loans
Get a flexible installment loan with fast funding through one easy online application form.
$2,500
As soon as one business day
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Jora Installment Loans
Installment loans with repayment terms up to 30 months, depending on your state.
$2,600
1–2 days
Must have an active checking account, regular source of income and email address.
LendYou Short-term Loans
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
CashUSA Installment Loans
A connection service for quick cash loans up to $10,000.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
Blue Trust Loans Installment Loans
Get an installment loan from an online tribal lender. Perks for returning borrowers.
$2,500
As soon as next business day
Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.

Compare up to 4 providers

How do I compare my six-month loan options?

  • Interest rate. When looking for a six-month personal loan, rates will vary based on whether you choose a personal loan, installment loan or short term loan. Shopping around is the best way to ensure you end up with a loan with competitive rates.
  • Repayment terms. Another thing you should consider when applying for a six-month personal loan is whether it offers a payment plan that suits you. The monthly payments shouldn’t be more than you can afford, and many lenders often schedule them on your paydays to ensure you have the money to make a payment.
  • Approval period. Turnaround time will vary, so the faster the approval process the better. Unlike bank loan applications, which are in-depth and often time consuming, six-month personal loans tend to have quicker turnaround, with some lenders able to approve you within a few days.
  • Fees and other charges. Some short-term loans carry hefty penalties for missed payments, which could end up straining your finances more and raising the cost of borrowing in the future.

Always compare your options

Remember, it’s always important to use the table above to help with your comparisons, or simply read reviews of multiple lenders to see which might offer you the best deal in terms of interest and fees.

What are the benefits of a six-month personal loan?

  • Quick approval. Lenders offering six-month personal loans know that you need cash in a hurry, which is why they make the application and approval process much quicker than banks. You can apply for a six-month personal loan online and get approved in a day or two.
  • Flexible loan amount. Different lenders offer different loan amounts, but you can generally borrow anywhere from $300 to $5,000.
  • Flexible terms. Most six-month installment loans offer you a flexible repayment period and payment options that suit your finances. You usually have the option to make weekly, biweekly or monthly payments to suit your budget.
  • Borrow more. A six-month personal loan allows you to borrow more money, usually up to $5,000. This can give your budget plenty of wiggle room when you need a pricey car repair or to pay down an expensive bill.

Drawbacks to be aware of

  • Higher fees and rates. Six-month personal loans are meant for short-term financing. This makes them more expensive than standard loans. Don’t be surprised if your loan has an APR with three digits, especially if your state doesn’t regulate the industry.
  • Avoid overspending. It may be tempting to borrow more than you need with short-term loans, but keep in mind that the interest rate and other fees make these loans quite expensive. Borrowing more now might mean you can’t pay it back later.
  • Missing payments. Make sure that you can comfortably make your monthly payments before you apply for a loan as there are usually steep penalties for late payments.

How do I know if I’m eligible?

Every lender has different eligibility requirements, but these are the basic criteria you’ll need to meet in order to qualify:

  • You must be at least 18 years old
  • You must be a US citizen or a permanent resident
  • You must have a regular source of income

What type of loan are you looking for?

Fixed Term

Fixed Amount

7 days
30 days
3 months
5 months
6 months
9 months
12 months
24 months

Are payday loans available in my state?

Bottom line

Six-month personal loans can be exactly what your budget needs, but be careful: They tend to carry much higher interest rates than loans with longer terms. Calculate a budget and read our guide to installment loans before committing to a lender. It could help you avoid late fees and default down the road.

Frequently asked questions

Aliyyah Camp

Aliyyah Camp is a publisher helping folks compare personal, student, car and business loans. Prior to joining Finder, she ran her own personal finance blog and wrote for numerous finance sites. Aliyyah earned a BA in communication from the University of Pennsylvania. She regularly attends industry conferences to stay in the know about market changes that can affect consumers. When she's not helping people with their personal finances, you can find her at the movies or going for a run outdoors.

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Even Financial Personal Loans

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LendingClub Personal Loan

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SoFi Personal Loan Fixed Rate (with Autopay)

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4 Responses

  1. Default Gravatar
    DomiiDecember 9, 2018

    what is the exact charges for each amount borrowed

    • finder Customer Care
      nikkiangcoDecember 12, 2018Staff

      Hi Domili,

      Thanks for getting in touch! You will see the exact charges of the loan based on what you borrow and this will be computed by the bank during the application process. Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

  2. Default Gravatar
    TonyaApril 11, 2018

    I am currently in debt reduction program. I do not own my car my bank has it. Is there a way I can borrow money I need overall to pay everything off in one payment?

    • finder Customer Care
      JeniApril 12, 2018Staff

      Hi Tonya,

      Thank you for getting in touch with finder.

      Yes, there are ways to manage your debts and improve your financial status even if you are in debt reduction program.

      For now, I suggest that you speak to professionals for some good advice in managing your debts. In this page, you would be able to seek help from financial experts for free.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

US Personal Loans Offers

Important Information*
Credible Personal Loans

Get personalized rates in minutes and then choose a loan offer from several top online lenders.

Even Financial Personal Loans

Get connected to competitive loan offers instantly from top online consumer lenders.

LendingClub Personal Loan

A peer-to-peer lender offering fair rates based on your credit score.

SoFi Personal Loan Fixed Rate (with Autopay)

No fees. Multiple member perks such as community events and career coaching.

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