Representative Example: £13,000 over 66 months, 34.9% APR fixed. Monthly payment £406.79. Annual interest rate 29.56% fixed. Interest payable £13,649.14. Total repayable £26,848.14, which includes a £199 lender fee.'

Minimum repayment period: 36 months. Maximum repayment period: 120 months. Maximum APR 37.9%.

Long-Term Loan Criteria

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  • Age

    Between the ages of 21 and 71 (at the end of the loan term)

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  • Location

    You must have been a UK resident for at least the last two years.

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  • Employment

    You’ll need to have monthly income after tax of at least £1,300 or £1,800 if you’re under 30 years of age to be eligible.

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  • Credit History

    Not currently, or in the last 12 months been subject to an IVA, DMP or Trust Deed.

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  • Financial Status

    Must not currently be bankrupt or have been discharged from bankruptcy in the last 3 years.

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Frequently asked questions about Long Term loans

Yes. a long term loan can combine multiple debts into a single monthly repayment, making it easier to manage your finances. Debt consolidation may also help reduce overall interest costs if you qualify for a lower rate.

 

Long term loans can be used for a variety of purposes, including debt consolidation, home improvements, weddings, or vehicle purchases.

Yes. You can apply online through Norwich Trust Limited using a quick and simple digital application process.

 

Yes. All long term loans are offered with fixed monthly repayments for the full term. 

It may be possible to get a personal loan with a less-than-perfect credit history. Norwich Trust specialises in helping UK borrowers who may have experienced credit challenges in the past.

 

We offer loan terms from 3 to 10 years depending on the amount you borrow 

 

 

Norwich Trust offers homeowner loans of between £3,000 and £25,000. The amount you can borrow will depend on your financial circumstances.

 

 

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