Long Term Loans

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10 year Loans

Taking a loan over 10 years is common, particularly for larger amounts.

We also provide loans over 15 years, 20 years and 25 years.

Loans of smaller values will attract higher interest charges as can be seen by the rates advertised by the high street loan providers

Online Quotes

Request an Online Quote today. Provide a few details about your loan and within a few minutes we'll provide you with a range of offers.

Large Loan Specialists

We specialise in providing large loans to UK residents. If the loan you need is substantial then use our wide experience in this area to find the right deal.

10 Year Loan Deals

A 10 year personal loan could allow you the chance to carry out a whole variety of projects which would be impossible if you had to make a huge cash payment at the start.

Your monthly payments could be further reduced if you spread the cost to stretch from a 10 year loan to 15, 20 or even 25 years. These options are all available, particularly to homeowners

Fixed or Variable Rate Loans

If you are looking at taking out a secured loan you will have to provide some form of collateral to cover the amount you would like to borrow. This is quite likely to be your property. Lenders will first estimate the value of your home based on the information provided by yourself. Once they have done this and have been able to find a loan deal that will accept your propoerty as security, they will need to carry out a proper valuation, particulalrly if the amount of the loan is large enough to need the upper limit of value allowable against your home. As home loans are secured the interest rates offered will be lower than on an unsecured loan. It is normally the case that larger loans attract lower rates of interest. Your monthly payments will therefore be more affordable so you could find yourself in a position to finance that new kitchen or bathroom you have been hoping for.

When taking out a loan you have to decide whether to opt for a fixed or a variable interest rate. This will determine whether your payments fluctuate or remain the same over the loan period so will affect your financial planning.

Example figures for a long term loan are shown below. This is an entirely fictional case study for a loan of £10,000 with a good credit history at a variable rate of 10.4% APR.

Monthly Payments 10 years 15 years 20 years 15 years

Loan Period £132.00 £107.30 £96.30 £90.60

Total amount payable £15,840.00 £19314.00 £23112.00 £27,180.00

Disclaimer

These figures are for general information and use. They do not in any way constitute a financial offer or recommendation for your personal circumstances.