5 Month Loans, Apply Online for a 5 Month Loan Today

5 Month Loan

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Representative example: Borrow £700 for 5 months. 1st monthly repayment of £235.80, 3 monthly repayments of £235.80, last monthly repayment of £235.90. Total repayment £1,179.10. Interest rate p.a. (fixed) 222.79%. Representative APR 832.04%. Our APR includes all applicable fees. Daily interest is capped at 0.793%.


If you need to borrow money quickly to resolve a short term position, you’ll want to help spread the costs to make it affordable to repay. Whereas some payday loans require repayment on your next salary date, here at Payday Loans Net we work differently. You can choose to spread the costs of the loan between 3 – 6 months and choose flexible repayments based on what you can afford.

As we know you need to resolve your financial emergency fast, we can provide quick approval once you apply and provide the cash you need between £300 – £1000 on the same day. If your unexpected expense cannot wait, click apply now and choose a 5 month loan that’s affordable for you.


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What is a 5 Month Loan?


A 5 month loan is a type of short term loan that allows you to spread the cost of borrowing over a number of instalments. Rather than having to repay in full on your next salary date as is typical of short term payday options, you can choose to spread a small loan amount over 5 months to make it easier to repay the debt. Here at Payday Loans Net, we want to help as many people as we can get a 5 month loan that can resolve a situation fast. If you have the affordability and are not in current financial difficulties, we can look to approve a loan even with bad credit.

Our loans are available between 3 – 6 months, so if a 5 month loan isn’t the right term length for you, you can easily adjust this in our loan calculator before proceeding. It’s simple to see the terms available for a loan between £300 – £1000, so you can work out the best combination of loan for you. Many other short term lenders may not provide the full flexibility you want, and other types of lending products such as a personal loan may only provide terms for over 12 months or more. A 5 month loan is ideal for a short expense that you can’t resolve with savings or existing credit alone.

5 Month Loans for Bad Credit


Our loans are available for those with a range of credit histories. Whilst some lenders may require you to have a good credit rating to apply, with us at Payday Loans Net, we understand this isn’t always convenient. If you have had financial difficulties in the past, for example, missed payments on past loan agreements, or even defaulted, this will negatively impact your credit score. Having a low credit score may not reflect your current position, however, some lenders use automated lending processes that make it difficult to apply when having poor credit. As lenders will want to minimise the risk of lending, they may choose to only approve those with excellent credit and high affordability.

This is where we work differently whilst still following responsible lending guidelines as set out by the Financial Conduct Authority (FCA). We understand that for many, having a good credit score will take time and the issues you may have had in the past may not reflect your current affordability. We can help those with bad credit apply for a 5 month loan as long as this is affordable, and we can determine this when assessing your application. As long as you are not in current financial difficulties, we can look to help with a loan of up to £1000.

Responsible 5 Month Loan Direct Lenders


As an FCA approved direct lender, we take our responsibility seriously to ensure that only those who can afford a 5 month loan are approved. Whilst we will perform credit checks during the approval process, this isn’t the only factor that will determine a decision. We can offer quick approval so that you’ll know straight away if the loan is not suitable for your circumstances. By completing our application form, you’ll be providing us with the information to assess your current finances. If we see you can afford the repayments despite a low credit rating, we can look to approve your application.

Please note, this does not mean we offer guaranteed acceptance, and we will have to decline any application that cannot meet our requirements. We’ve helped applicants with a range of credit histories borrow the money they need and get same day cash. We welcome applications no matter your credit history, as long as it is affordable for you to repay and maintain without difficulty.


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5 Month Loan FAQs


How Quickly Will I Get Approved for a 5 Month Loan?

We work quickly once you have applied, ensuring you are not left waiting too long for a decision. You should receive a decision within a few minutes and if approved, we can then confirm your details and the loan terms before transferring the funds. As we provide 24/7 loans, this means you can apply at any time for a 5 month loan, however, if you are requiring same day cash, you should apply during our business opening hours which are 8am – 5pm, Sunday to Friday. Any application outside of this will be processed as soon as possible on the next working day.

Can I Choose Repayments Longer Than 5 Months?

Yes, we can provide loans up to a maximum of 6 months for repayment. So, if the amount you want to borrow is not quite affordable with a short term of 3 months, for example, you can use the sliders on our loan calculator to see the instalments over a longer period. As responsible lenders, whichever term you choose for a loan of between £300 – £1,000, needs to be affordable. It’s best to check your income and expenditure regularly to determine what your available budget is. If then you discover that your affordability is low, you can make adjustments and ensure that you are in the best position to apply for a loan.

What Happens If I Miss a Repayment on a 5 Month Loan?

If you miss a repayment on any unsecured loan, this means you may be charged a late payment fee and have this recorded on your credit file. Continuous missed payments on a loan can lead to defaulting and the lender requesting full repayment of the loan. At Payday Loans Net, we charge a £15 fee if you have not made repayment within 24 hours of missing it. This means, if you do repay within this time, no fee will be charged. Please note, we will charge a daily interest of 0.74% which will be added to the cost of your loan for each day the repayment is missing. Our fees are capped in line with FCA regulations, so we won’t charge more than this.

Am I Guaranteed a 5 Month Loan?

Like most lenders, we cannot guarantee an application for a 5 month loan will be approved. Although we can help those with bad credit, this does not mean we provide 100% acceptance loans. Each applicant will have to undergo credit and affordability checks to ensure you can afford the loan you request. We do not lend to those in financial difficulties, so please check that you can afford the loan you require before submitting an application.

Apply Now for a 5 Month Loan at Payday Loans Net


To start your application today and choose a 5 month loan amount that will help resolve your situation fast, click apply now. If you have any queries regarding our loan products and would like to find out more, please get in touch. Whilst we cannot offer financial advice, if you are experiencing financial difficulties and need help, please visit Money Helper for more information and impartial advice when you require it.

5 Month Loans in the UK


A 5 month loan can spread the cost of borrowing between £300 – £1000 and make it more manageable to repay. Having the option of instalments when you need to settle a financial emergency can be ideal and avoid having to choose lenders that require full repayment on your next salary date. To apply for a 5 month loan at Payday Loans Net, you will need to meet the following eligibility first, as well as being at least 18 years old:

  • Reside in the UK
  • Have a UK bank account
  • Have a steady income

Meeting the above means we can look to help you today, and you can start an application by clicking apply now. If you are happy with the terms provided on the loan amount and term you choose, we can then proceed with your loan and transfer the agreed funds the same day into your bank account.

Representative example

Total amount of credit: £500
Duration of the agreement: 4 months
Repayment total: £863.24
Interest is fixed at rate of 270.10% per year – 0.8% interest per day | Representative 997% APR
£215.81
Instalment 1
£215.81
Instalment 2 & 3
£215.81
Instalment 4
Warning: Late repayments can cause you serious money problems. For help, go moneyhelper.org.uk