Long Term Loans
Long term loans are there to help you afford those unexpected expenses. Along with this, they allow you to make those essential purchases right now. While spreading the cost with fixed monthly payments which will be more suited to your financial situation. At Simple Personal Loans, we offer long term loans for up to 6 years.
What are Long Term Loans?
Our panel of lenders offers long term loans for up to 6 years. So, this gives you time to repay a loan as big as £35,000. Many customers prefer longer loans to short term loans. By simply choosing to borrow for longer terms and repaying early if they have the means to do so.
As a broker, our job is to send your application over to our panel of lenders. We work with the UK’s largest panel to give you the best chance of getting your hands on your desired loan. Typically, our lenders have an amount range of £1,000 to £35,000. So, if you’re borrowing a larger loan, a longer repayment period is necessary.
Why consider Long Term Loans?
Depending on what you are wanting to borrow a loan for, you might need a longer loan to cover the amount and its monthly repayments. Perhaps a longer repayment period is the best option for you and your financial situation as short repayment periods are not for everyone. Also, these loans can make borrowing money more manageable. They are best suited for those who are looking to borrow large amounts of money for bigger expenses and long term projects.
They tend to be used on projects such as:
- Debt consolidation
- DIY
- Weddings
- Holidays
- Cars
They tend to be unsecured meaning that there is no security and you do not risk losing anything valuable like a house or car.
Why Choose Us?
As a broker, we do all of the work for you after you have sent over your application. We have access to the UK’s largest panel of lenders, this means that if you fit the criteria for a loan, your chances of getting one are likely.
One of the best things is you only have to complete one application. This saves a lot of your time if you’re wanting a fast loan.