Long-term loans
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Max loan Max term Rep APR

Max Loan


Max Term

60 Months



Assumed borrowing of £4,500.00 over 36 months at 14.9% APR Representative. Monthly cost of £153.73. Total amount repayable of £5,534.41. Interest rate of 12.57% p.a. (fixed) and total fees of £135.00.

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Freedom Finance

Max Loan


Max Term

360 months



If you borrow £15,000 over 4 years at a Representative APR of 15.9% and an annual rate of 15.9% APR (fixed) you would pay £416.29 per month. Total charge for credit will be £4,981.92. Total amount repayable is £19,981.92.

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Flexi Finance

Max Loan


Max Term

48 months



Amount of credit £500 borrowed for 180 days. Interest: £160.27 Interest rate: 65% per annum (fixed). Representative APR: 91% Total amount payable: £660.27

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Avant Credit

Max Loan


Max Term

60 months



If you borrow £3,000 over 12 months at a Representative rate of 29.3% APR and an annual interest rate of 25.95% (fixed), you would pay 12 monthly instalments of £287.20. The total charge for credit will be £446.40 and the total amount payable will be £3,446.40.

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What are long term loans?

Long term loans refer to borrowing a few hundred or thousand pounds for a fixed period of time lasting from 5 months to 3 years. The benefit of a long-term loan over a payday loan is that it offers more time and flexibility to repay. Borrowers are able to receive the funds they require in one lump sum but repay over a longer period of time in monthly or annual instalments.

At Quiddi, we compare long term loans online ranging from £100 to £20,000. Using our comparison table you can compare the loans that last a few months compared to the longer-term loans of up to 3 years. To apply, simply click on the lender best suited to your requirements and you will be taken directly to their website where you will be asked to fill in an application. Once the lender has run their series of checks, if you have passed successfully, the funds can be transferred to your account on the same day. You will not be required to fill in any details on our website nor will we take any fees from your account or pass on your details to any other companies. We provide a completely free and secure way to compare long term loans in the UK.

It is important to compare the different rates and terms of the lenders we feature. All loans are displayed with their Representative APR which is the Annual Percentage Rate offered to at least 51% of successful customers. Using the repayment example provided for each lender will give you a good idea of how much you are expected to repay. The amount you can borrow will depend largely on your monthly income and previous credit history and the longer the loan period, the more you can borrow too.

Long term loans for emergencies

The loans we feature from companies such as Peachy and Satsuma are best for emergency expenses. Whether it is car repairs, a broken boiler or washing machine, they are the types of emergencies that you usually don’t anticipate and are hard to prepare for. By borrowing a loan for a period of 5 months and longer, you are able to receive the immediate funds necessary to get you back on your feet and spread the repayment over time.

It is always advisable to have money saved for emergencies but it is still hard to prepare for unforeseen circumstances and sometimes you need a cash injection to see you through. The ease of an online application means that you can apply for a loan from wherever you are and receive funds on the same day. When you have an emergency, you don’t have time to go to your bank, queue up, post things off and wait for a response. If you need an urgent loan, you want to be able to apply quickly and receive funds on the same day. By using our long-term loan comparison tool, we give borrowers the opportunity to find same day loans for their emergency requirements at the best possible rates.

Long-term payday loans

More and more borrowers are using long-term payday loans instead of traditional payday loans. Many customers find that repaying the entire loan and interest on their next pay date can put them under financial pressure, especially when the loan is for an emergency. In several cases, those who take out payday loans are not able to meet repayment after 15 to 30 days and so they are inclined to take out new loans to repay their existing debts or they need to rollover their loan, leading to a dramatic increase in cost.

This is why a long-term payday loan is a more responsible option. The customer is able to spread repayment over 5, 6 or 12 months providing much greater flexibility. Furthermore, the borrower gets to keep the initial amount they borrowed for longer and having a set of smaller monthly instalments to repay means they have a much greater control of their finances.

Secured vs unsecured long term loans

Customers can choose between the secured and unsecured long term loans that we offer. Secured loans involve putting down something as collateral as part of the transaction. Typically, borrowers will apply for large amounts secured on their house or their car. This allows the lender to have security so if the customer is unable to repay, the company is entitled to repossess the car or house to recover cost. Secured loans are more common for those customers with bad credit who may have been turned down by traditional banks and lenders. The loan vendor will have to value your possession before transferring funds but having the extra security reduces the risk for the lender meaning that secured loans usually lead to higher amounts borrowed for a longer period of time. However, it is important to read the terms and conditions carefully because failing to repay on time will lead to the repossession of valuable collateral.

By comparison, unsecured long-term loans do not require any form of collateral as part of the loan agreement. This makes unsecured loans more attractive but because there is greater risk on the lender, the cost of the loan is typically higher. Another advantage of taking out an unsecured loan is that the rate you are charged remains fixed over the loan period. This means that the daily or monthly rate does not change due to inflation or other economic factors. Borrowing a secured long-term loan may have a variable interest rate meaning that the lender can change the interest rate so you could pay more or less than initially agreed.

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