5 Year Loans
The longest repayment terms we offer are with a 5 year loan, ensuring you can spread out your monthly payments when borrowing £1000 or more. If you need a long term loan for bad credit or to make budgeting repayments as easy as possible, then 5 year loans could be the best option.
Anywhere from £1000 to £5000 can be borrowed with a 5 year or 60 month loan, allowing access to plenty of funds to help pay off anything from a wedding, to costly car repairs or any other unexpected expenses. For those seeking long term loans for bad credit, these can also allow you to consolidate all existing debts into one place, making monthly repayments and budgeting a lot clearer and easier.
All of our loans are unsecured and a 5 year personal loan is no exception. This means you don’t need to be a homeowner to take one out and for long term loans for bad credit, no guarantor is required. As well as offering longer repayment terms, with a 60 month personal loan the monthly repayments will usually be lower than with 1, 2 or 3 year loans for example.
( It won’t affect your credit score )
Representative 59.9% APR
How Do I Apply?... 3 steps, that’s it!
When applying for one of our unsecured personal loans there are three simple steps to follow:
1. Tell us a little bit about you
2. Get an instant decision
3. Money next working day
Why Choose Us for 5 Year Loans?
There are plenty of excellent reasons for choosing Likely Loans for a 5 year loan, such as:
- You can borrow between £1000 and £5000 with a 5 year loan
- Applying for a quote on our long term loans for bad credit will not affect your credit score
- We don’t charge extra fees
- You can manage your 5 year loans online and repay them early without incurring any penalty charges
Get a Quick Quote for Long Term Loans
If you require a long term loan for bad credit, or for covering large expenses or anything else, you can apply and receive a quick quote online. Simply enter some personal details and receive an instant decision as to whether your application for a long term loan will be accepted, with no obligation.
The monthly repayments will depend on the amount borrowed and the interest rate that is offered at the time of applying. As a long term loan, the monthly repayments are usually lower which can make budgeting month to month a lot easier.