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Evolution Money
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Applying for a long term loan is always a big decision that must be considered carefully beforehand.

Long Term Loans

Home > Our Loans > Long Term Loans

People seeking funds are advised to weigh up all their options before committing to the loan. This means doing homework on the forms of credit available to them, settling on a perfect loan amount and, ultimately, finding a lender that will serve your best interests at each stage of the application and repayment period.

At Evolution Money, we’ve been connecting thousands of people up and down the country with the loans they need since 2011. During that time we’ve helped lots of customers get a long term loan for many different reasons. Here are a handful of the most frequent:

Common reasons for long term loans

Business investment. Existing businesses often take out a long term business loan to help finance the present and future of their company. A secured loan can be used to invest in premises, resources, stock or any other plan for expansion.

Debt consolidation. More and more we hear from people who are looking to consolidate their existing debts into one monthly payment, yet have been refused for credit elsewhere. A long term secured loan is an option for those with bad credit as it allows applicants to use their assets as collateral for the loan while reducing the stress of managing multiple repayments with multiple lenders.

Home improvement. Our home is our biggest asset, so it’s no wonder that homeowners continually look for ways to add value to their property. Whether it’s an extension, loft conversion, conservatory or simply some overdue maintenance work, a long term home improvement loan can help people to fulfil their renovation needs sooner rather than later. Feel free to check out our handy infographic for more information.

What qualifies as a long term loan?

While the maximum repayment duration of a long term loan through Evolution Money is 15 years, a long term loan is generally considered to be any credit agreement with a repayment period that is longer than one year. Due to the level of financial commitment involved, many long term loans are secured against a person’s house, car or other available financial assets.

Repayments are generally made on a monthly instalment basis with any additional rate of interest calculated as part of the cost. However, customers have the right to settle their loan early. A long term loan is perhaps the better option for those who would otherwise borrow smaller amounts on a regular basis.

Looking to get an idea for the approximate cost and timescales of a long term loan? Take a look at our handy loan calculator to see what your repayments might be on a secured loan through Evolution Money.

Or, give us a quick call on 0161 814 9158 to talk through your options and get a no obligation quote from an Evolution Money personal account manager today.

Apply for a Long Term Loan
Warning: Late payment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 90 out of 100, based on 112 reviews over the past year. 112 user reviews. Read our reviews

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Our Address

Evolution Money,
9 Portland Street,
Manchester,
M1 3BE


Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

Complaints:
0161 814 9165

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 8 St John Street, Manchester, M3 4DU. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.

© 2018 Evolution Money | Cookies | Complaints Policy | Breaking Down Our Loans | Terms & Conditions | Fair Processing Notice
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Fair Processing Notice

Who we are:

Evolution Money Ltd, Progressive Money Ltd and Evolution Lending Ltd are all wholly owned subsidiaries of Darwin Loan Solutions ('the Group').

We take your privacy seriously and will only use your personal information to

A) Discuss loan offers and provide you with the products and services you have requested.
B) If you take out a loan with us and become our customer, it will also be used to manage your loan.

We'll keep your details for up to 12 months to enable us to help you with your loan application. If you don't take out a loan with us, we will delete your enquiry details unless regulations say we must keep them for longer.

This won't change any marketing preferences you've already chosen.

How we control and process your data:

Our companies hold and process your personal data in accordance with Data Protection law in the UK. We are committed to maintaining the privacy and protection of all personal data collected in connection with our broker and loan services. We may share your information with credit reference agencies and other companies for use in credit decisions, for fraud prevention and for debt collection purposes.

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We would love to tell you from time to time about offers and special deals on loans, insurance products and utility services which may save you money.

If you're happy to be contacted about these, please click the boxes to tell us how you want us to get in touch with you.

You can change how we contact you at any time by simply getting in touch with us on FPNandmarketing@darwinloansolutions.co.uk or 0161 814 9210.

Your choices do not affect your enquiry/loan application in any way.

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We would love to tell you from time to time about special offers and deals from our carefully selected partners.

If you're happy to be contacted by them please click the boxes to tell us how our partners can get in touch with you.

You can change how we contact you at any time by simply getting in touch with us on FPNandmarketing@darwinloansolutions.co.uk or 0161 814 9210.

Your choices do not affect your enquiry/loan application in any way.

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Please read the full details of our Fair Processing Notice including Credit Reference Agency Information Notice (CRAIN) Click here to see a copy of the CRAIN.

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Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

Award Winning

Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

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