Long Term Loans Repaid Over 1 to 7 Years

Long term loans give customers the added flexibility to spread repayments over a longer period of time, with options to repay over 1 to 7 years. Rather than committing to a short term loan over a few weeks or months, the ability to extend repayments over time can give you much needed breathing space and help you stay on top of your finances.

At All Purpose Loans, we work with the whole of market, allowing you to get the best long term loans possible, and at the most competitive rates. Partnered with over 50 lenders, you have full choice over the terms of your loan, so you can apply for loans over 12 months, 24 months, 3 years, 5 years or 7 years if you prefer.

Our application is completely online and will provide an initial quote on screen, with no fees or impact to your credit score. Simply click on the button below to get started.

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Key features

  • Borrow up to £25,000
  • Repaid over 1 to 7 years
  • Flexible monthly repayments
  • All credit histories considered
  • No early repayment fee
  • No impact to credit score

Customers can apply for £1,000 to £25,000 and choose how long they would like to repay for – and if you find that you are in a position to repay early, you can do so, at any time, and usually save money on the overall interest that you pay.

Types of long term loans

  • Debt consolidation loans
  • Home improvement loans
  • Personal loans
  • Secured loans
  • Unsecured loans

What are long term loans used for?

Long term loans can be used for a variety of reasons, including things like paying off school tuition, holidays, engagement rings, weddings and starting a business. If you are looking to fund a special occasion, you can receive funds upfront to enjoy your celebration and then have several years to pay it off.

For those with a lot of debt outstanding, you can use debt consolidation loans as a way to put all your existing credit cards and loans into one single repayment every month. This makes it more practical and efficient to pay off your debts and eventually become debt-free.

Whether you are looking to spruce up your kitchen, bathroom or add a loft conversion to your home, many UK households use home improvement loans, both secured and unsecured. The nature of building work can take several months or years and so it makes sense to borrow money for a long term. In fact, by the time you pay off the loan in 3,5 or 7 years, you may find that your property is worth even more and you have made a profit.

Thousands of Britons use commercial business loans to help set up their company or use the injection of funds to stay on top of their cash flow. The opportunity to apply for a long term loan can give your business some much needed time to grow and maintain a healthy balance before paying it off in full.

What information do I need to apply?

To apply for a long term loan online, you can start by entering a few basic details including your name, age, address, income, expenses, loan amount and how long you wish to borrow for.

Your loan will be subject to status and may require proof of income through a bank statement or pay-slip, although each lender may vary.

If you have a good credit history, you will usually be eligible for long term loans with low APR or low interest, and often you can apply with no guarantor required.

Long term loans for bad credit histories are available for those with less than perfect credit scores. To be eligible for a long term with bad credit, you can use a guarantor and secure the loan against your home or car to provide extra security. These options will be presented to you when you apply with All Purpose Loans.

How to apply for long term loan with All Purpose Loans

You can apply for a long term loan online using the button below. There are no fees for applying with All Purpose Loans, we use a soft search so there will be no impact to your credit score.

We ask a few simple questions which allow us to give you an indicative quote on the screen, seconds after applying. By comparing the whole of market, you are able to get the best rates possible and maximise your chances of approval.

Depending on the lender you choose, there may be further checks, but most successful applicants are able to receive same day approval and funding within 24 to 48 hours or sooner.

GET MY INSTANT QUOTE

No credit check without your consent