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Long Term Loans Bad Credit

Secured Loans > Our Loans > Long Term Loan

Long Term Loans

Looking for a long term loan? With manageable repayment terms up to 20 years, Evolution Money could help.

We offer secured long term loans of up to £100,000 and we’re focused on helping our customers – even if they’ve had credit problems in the past. That’s because we know there’s more to people than their credit history.

Instead of simply reading your credit report, we’ll take into account your personal and financial circumstances when assessing your application and match to a term that suits you.

Get your free, no-obligation quote today and find out if you can access the long term loan you need.

In the meantime, why not read some of our reviews to see what our happy customers have to say about our service and how we’ve helped them.

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How much do you want to borrow? £5,000 to £100,000
For how long? 1 to 20 years.
Loan Purpose
What is your loan for? Your answer won't affect our decision but is helpful to know.
Is this a joint application?

Flexible terms of up to 20 years

Whether your plans are big or small, a long term loan from Evolution Money could help you with the funds you need.

With loan amounts of up to £100,000, and terms of up to 20 years, Evolution Money is focused on helping our customers – even if they’ve had credit problems in the past. That’s because we know there’s more to people than a credit history. Instead of simply reading your credit report, we’ll take into account your full personal and financial circumstances when assessing your application and match to a term that suits you.

Also thanks to our no-obligation quotes, you have nothing to lose by finding out if you’re eligible for a long term loan.

If you're looking to obtain credit, our secured loans can be used for a range of purposes

Carry out home improvements; a great way to invest back into your property
A wedding loan could turn your plans into a reality
Bigger personal items such as cars can be financed using a secured loan
Take your family on that much needed holiday
Even if you have bad credit we could still help you with a loan

Questions you may have...

What can I use a long term loan for?

We’ve helped thousands of customers secure the loans they need for many different reasons. Here are some of the most frequent:

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

Debt consolidation: We hear from many people who are looking to consolidate their existing debts into one monthly payment, yet have been refused for credit elsewhere. A long term loan for bad credit is an option for those with a less-than-ideal credit history as it allows applicants to use their assets as collateral while reducing their repayments with multiple lenders.

A debt consolidation loan from Evolution Money uses your property as security. You need to be able to afford the repayments through your regular income, please think carefully before securing debts against your home, as you risk losing your home if you fall behind on your repayments.

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 to fund any renovation. Feel free to check out our handy infographic for more information.

What qualifies as a long term loan?

The maximum repayment duration with Evolution Money is 20 years. However, a long term loan is generally considered to be any 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. With us, your loan will be secured against your property.

Repayments are generally made via monthly instalments with any additional rate of interest calculated as part of the cost. However, customers have the right to settle their loan early.

How much can I borrow?

We offer long term secured loans of between £5,000 and £100,000, depending on your eligibility.

How long will it take until I receive my loan?

If you’re approved, we’ll do all we can to make sure you have your long term loan as soon as possible. There have been cases in the past where customers have received their funds in just a few days of being accepted, but this will depend on a number of things – such as how quickly you can supply us with all your documents.

How long do I have to repay my long term loan?

You can choose to repay a long term loan over anything from years. The most important thing is to set out a repayment schedule that’s going to work for you and your financial situation. Shorter repayment terms typically mean you will pay back a lower overall amount, but we’ll be on hand to discuss your options and find a solution that works.

Our simple online loan form can be used to apply, an adviser will then go over an initial idea of what your repayments might look.

What fees are applied to my long term loan?

For all our short and longer term loans, we are completely transparent about the fees attached. As well as interest, there is a Lending Fee of between £299.00 and £699.00, depending on the loan amount, and a Product Fee that is calculated as 10% of the loan amount. Our simple table offers an easy and detailed breakdown of our loans.

How do I know if I’m eligible for a long term loan?

To apply for a longer term loan with Evolution Money, you must:

  • Be aged between 18 and 70 years old
  • Have a mortgage
  • Live in the UK
  • Be in a position to afford the repayments from your regular income

How do I apply for a long term loan?

We’ve made the process perfectly simple. Just head to our online form and fill in a few basic details. After that, you’ll be able to speak to an adviser and they’ll provide you with a no-obligation quote. Or if you prefer, just give us a call and we’ll be happy to talk to you over the phone.

Get a no-obligation quote

What documents do I need to provide?

To make sure your application runs as smoothly as possible, it will be helpful if you have the following documents close at hand:

  • Proof of address (such as utility bills)
  • Proof of income (your payslips from the past three months or tax returns)
  • Proof of identity (such as a passport or driving licence)
  • Bank statements for up to the past three months
  • Your mortgage account number and home insurance documents

What if I’ve been turned down for a long term loan elsewhere?

If you’ve been declined in the past, you don’t need to worry. We offer long term loans with bad credit so even if your history is less than perfect, rest assured it’s not the only thing we take into consideration. We’ll look at your financial situation as a whole and we want to approve as many applications as we can.

Why should I choose Evolution Money for long term loans in the UK?

Here are just a few reasons to rely on Evolution Money as your lender of long term loans in the UK:

Apply for a long term loan with Evolution Money today

Want to know the approximate cost and timescales of your loan? Take a look at our handy loan calculator to see what your repayments might be on a Long Term Loan through Evolution Money.

We want to help you secure the long term loan that works for you and your financial situation. To get started, simply hit the button below.

Or give us a quick call on 0161 814 9158 to talk things through and get a free, no-obligation quote from our qualified advisers.

Apply for my Long Term Loan

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 96 out of 100, based on 178 reviews over the past year. 178 user reviews. Read our reviews

Members of the The Finance & Leasing Association

FLA logoWe are a member of the FLA (Finance and Leasing Association) and subscribe to its lending code.

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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 9 Portland Street, Manchester, M1 3BE. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.


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