Long Term Loans – A Realistic Turn to Surreal Desires

Having trouble while coping up with the process of reimbursement of loans is something generally faced by the frequent money borrowers. Everyone Loan resolves the issue by providing its customers long term loans with an extended period for repayment to ease the strenuous process otherwise.

When in need for a larger sum of money, keeping in mind the condition and hardships of our customers, we provide the long term loans for bad credit with the benefits of longer period of repayment to reduce the financial burden.

What is Long Term Loan Borrowing?

To live in your own house can be your ever living dream, but, is finding money the hurdle in between? Stopping yourself is not an option anymore because these are the loans usually exceeding the time period of 12 months, depending upon the type of loan you apply for. The maximum limit largely depends upon the lender’s policies or the requirements of the borrowers.

A prevailing bad credit? Not a thing to brood upon as getting the money credited in your bank account is easy and facile through our loan facilities, offering incredible deals for the long term loans for bad credit no guarantor. Higher rates of interest and stiff terms and conditions are not a part of your approval. We, here, believe in lending money and not agony.

Finding a guarantor and making the person show his trust towards you can be gruelling. Keeping your desires at stake is what we, as a lender, would never want. To ensure the same, customers are provided these long term loans with no credit check and no guarantor where no such fuss is involved.

Can I Get A Long Term Loan To Start A Business?

Unemployment suddenly changes your good times into the bad ones. In that case, if you wish to start a business, it can be challenging for you. Why? Finding funds for a new business is always a “task” and you do not know whether you should risk the money and time or not. In such a moment involving confusion and dilemma, helping the borrowers is our basic concern thus providing easy funds with much easier repayments through long term loans for unemployed.

An issue of a poor credit score automatically emerges when it comes to unemployment. Exceeding needs and being low on income can be the reason for same. Unlike, other credit lenders, we do not leave the hands of our needy borrowers at the time they need us the most. Aiming at their welfare is the job and the task. Without any bias treatment, these people are given approvals to their application for the long term loans on no guarantor basis.

Short Terms Loans vs. Long Term Loans

Being a new borrower can end you up in a situation where choosing the one from long term loans and short term loans can be laborious. To get rid of the situation, here are some points to help you make a right choice –

  • Short term loans are the ones requiring payments within a period less than a year, on contrary, long term loans are the ones extending to a period that is over one year.
  • The interest rates in the case of short term loans are relatively higher than the long term personal loans.
  • Loans on a short term period are considered useful for smaller needs like vacation while on the other hand, the ones over a long term period are considered suitable for the needs like buying a new car.
  • Short repayment period can make the repayment process a little difficult when compared to the long term loans.

Everyone Loan never stands behind rather it is always standing ahead to help the borrowers with the best possible loan deals. The long term loans illustrate exactly what we are aiming to do.

Representative Example

Loan amount of £8,000 with a monthly repayment of £243.25 over a loan term of 48 months at a rate of interest per annum (fixed) of 19.6%. This is equivalent to 19.6% APR Representative. Total amount repayable is £11,676.10.