Long Term Loans

Long-term financial security through short application procedure

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24/7
Online Assistance

Competitive
Interest Rates

Bad Credit
Doesn’t Matter

Flexible
Repayments

WHAT ARE LONG TERM LOANS?

The long term loans are another form of personal loans that go for an extended period, probably between 5 and 7 years. These loans suit best during the bigger purchases of like a home, a car, consolidating multiple debts, a big surgery or an extravagant wedding function.

The significant part of the long term loans are the repayments. Since the loans are for the longer duration, you have to make the lengthy repayments but lower in amount. The interest rates may not be higher, but they are more in comparison to the short-term loans.

We bring easy access to FLEXIBLE REPAYMENT options and the SAME DAY FUNDING as the significant features, which also include:

  • Apply with either security or guarantor;
  • Loans for any financial purpose;
  • Best way to consolidate debts easily;
  • Refinance your long-term personal loans;
  • An option is there to make early repayment with salary rise;
  • An excellent chance to revive credit score;
  • Fulfil your business needs to reach new heights;
  • Flexible repayment terms & competitive interest rates;
  • Automatic deduction option is there.

HOW DO LONG TERM PERSONAL LOANS WORK?

The personal loans, which are applicable for the longer duration, demand the agreement of the borrowers to repay the amount that has been borrowed along with interest charges.

For example, lenders calculate your total monthly instalment with a simple formula:-

Principal amount + Interest Rates = Monthly Repayment (till the loan duration)

  • The longer you opt for the loan term, the more you are obliged to make payments consist of a smaller percentage of the borrowed principal amount
  • In comparison to the small loans, each repayment is cheaper in the long term loans that borrowers can easily manage from their monthly income
  • You need to understand that the longer the repayments you make, the more interest rates you are liable to pay. If you opt for the reduced loan term, you will have to pay lesser interest rates.

We offer convenient online process to make easier, not only for the people with good credit, but it is also applicable on the long term loans for bad credit people.

I NEED A LOAN FOR LONG TERM, WHAT IS THE MAXIMUM LOAN DURATION?

  • What is your loan purpose?
  • How much amount do you need?
  • What is your monthly income capacity?
  • Which asset are you ready to pledge and what is its current value?
  • What is your credit score?
  • Do you have a guarantor or not?

All these factors are crucial to deciding on how much duration you can opt for long-term loans. We are giving you the loan term to choose from 3 years to a maximum of 7 years. On the other hand, in short-term loans, the duration goes up to a maximum of 3 years.

Of course, you cannot go for the home purchase, as for that, you need a mortgage. With these loans, you can cover up the funding gap, or you can borrow to pay out the deposit for a mortgage. Suppose you have €250000 to go for the mortgage of €300000. The remaining €50000 can be covered with these long-term loans.

ASSESSMENT OF LONG TERM LOANS AND SHORT TERM LOANS: WHICH IS BETTER?

The financial desire or emergency forces an individual to apply for the loans. However, it depends upon you as a borrower whether you need a small-term loan or a long-term loan. Before applying any one of them, you should know the difference between these most-preferred lending products.

LONG-TERM LOANS SHORT-TERM LOANS
For the larger purchases or bigger expenses, these loans are perfect to avail. The short-term loans are comparably more suitable for the financial emergency.
The interest rates are lower but substantial in numbers. The rates of interest are reduced one but generally on a higher side.
The long-term loans usually are risk-free as the collateral is there to back the amount. In the small-term loans, the risk is there because these are unsecured. Thus, lenders tend to keep rates on the higher side.

At Current Finance Loans, we take care of both your large and small financial needs. Whether you need a long-term loan or small personal loan, you get the flexible features to obtain.

CURRENT FINANCE LOANS’ GUIDE ON GOOD & NOT-SO-GOOD ON LOANS

Current Finance Loans gives you the ease of applying for the long-term loans in Ireland through the simple online application. It takes only a few minutes to complete or hardly 5 minutes and once received, we quickly go through the mentioned details to bring instant loan approval.

We favour in every aspect of the loan procedure. Our financial experts are doing their best by guiding the borrowers in the right direction. Remember, they do not charge you for their valuable suggestions because their primary aim is to assist the loan applicants.

To continue this, they are pointing here good side and not-so-good side of loans.

Positives of Long-Term loans:

  • The most significant advantage of these loans is that they have the lower repayments to make due to the extended duration. Thus, they also bring more cash flow until the end of the term.
  • Due to the lower repayments, you can make early payment before the term ends. You can do it as your salary increases over the years.
  • With these lending products, making the bigger expenses is quite within your reach. You can easily purchase your dream car or a boat to enjoy living.

Preventions for Long-Term Loans:

  • Compare the deals before choosing any loan deal. We are also the direct lender in Ireland, but still, we insist on comparing the loans and then making any decision.
  • These loans will keep you in debts for a longer duration. If you can bear these debts, then go for the loans. Otherwise, opt for small loans.
  • Do not apply for another loan with another lender between the existing loan terms. It will ruin your credit score severely.

Time has come for you to bring a significant change in your life without any financial worries. Apply now for our long term loans and get approval within a few minutes.

Final Outcome within 60 Seconds of Loan Approval

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