Long Term Loans
Borrow £3,000 - £25,000 without the risk of your home being repossessed.
Straightforward loans from an FCA authorised lender.
Direct lender | Loans not secured against your home | Subject to affordability
A long-term loan can be a practical way to finance larger purchases or projects while keeping your monthly repayments more manageable. By spreading the cost over a 3 – 10 year term, you may be able to reduce the amount you pay each month, making it easier to budget alongside your everyday expenses with no need to use your home as security. Whether you're planning home improvements, buying a new car, consolidating existing borrowing or covering another significant cost, a longer repayment term offers greater flexibility and can help make larger financial commitments feel more affordable. At Norwich Trust, we provide clear, straightforward lending with fixed monthly repayments, so you'll always know exactly what to expect throughout the life of your loan.
Benefits of a debt consolidation loan
Representative Example: £15,000 over 72 months, 30.9% APR fixed. Monthly payment £424.83. Annual interest rate 26.35% fixed. Interest payable £15,288.76. Total repayable £30,587.76, which includes a £299 lender fee.
Apply
Complete the online application and provide digital bank statements via Experian’s Affordability Passport.
Review
Our underwriters will review your application, usually within a working day.
Complete
If your application is approved, funds will be released within a working day.
Long-Term Loan Criteria
Age
Between the ages of 21 and 71 (at the end of the loan term)
Location
You must have been a UK resident for at least the last two years.
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.
Credit History
Not currently, or in the last 12 months been subject to an IVA, DMP or Trust Deed.
Financial Status
Must not currently be bankrupt or have been discharged from bankruptcy in the last 3 years.
Who are Norwich Trust?
We are a trusted UK direct lender based in Norwich, Norfolk, who provide unsecured homeowner loans. We help homeowners across the UK access affordable finance without securing the loan against their property. Norwich Trust was incorporated in 2020 and we began lending under the Norwich Trust brand in 2024. As part of the Norfolk Capital Group, we benefit from more than 30 years of experience supporting people who may have been declined by high street lenders or have less-than-perfect credit. We are proud to have an Excellent Trustpilot rating, reflecting our commitment to outstanding customer service and positive customer experiences.
Whether you're looking to consolidate existing debts into one manageable monthly payment, fund a home improvement project, cover unexpected expenses, or achieve other financial goals, our experienced team is committed to finding a solution that works for your circumstances and we aim to get a decision to you within a working day.
At Norwich Trust, we believe borrowing should be straightforward, transparent, and focused on achieving positive customer outcomes. We take the time to understand your individual needs, providing clear guidance throughout the application process ensuring every loan is both responsible and affordable.
Our mission is to make unsecured homeowner loans accessible to those who need them most, helping customers across the UK move forward with confidence—even when traditional lenders have said no.
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.