Long term loans can help you make large upfront purchases without breaking the bank!
Here's the deal:
When we borrow money we often focus on the amount instead of the duration, however taking out a loan long term can make even the largest amounts easy to manage and repay.
By using our loan connection tool, you can reach a network of over 100 online lenders, who can issue unsecured loans from 3 to 36 months!
What Is A Long Term Loan?
A long-term loan is the best solution for those large upfront purchases that you cannot usually afford.
Long term loans examples: Whether you need a new car, are going traveling the world, want to renovate your home, or anything in-between—our lenders let you borrow amounts up to $5,000, with repayments made in monthly installments.
Because you can borrow over a period of up to 3 years, even those on a modest income can easily manage repayments. And, if you can afford to, you can repay in as fast as 3 months.
Advantages and Disadvantages
The advantages of long term loans are clear. You can easily stay on top of repayments because each installment is so small. This means you can also borrow relatively large amounts (up to $5,000), even if you wouldnt usually consider spending such amounts.
The major disadvantage is that for as long a loan is outstanding you must pay interest. So, for example, you will end up paying more in interest on a $1,000 loan over 20 months than 5 months, but depending on your situation, it will still be less of a monthly burden if you opt for a longer term.
Why Our Service Saves You Time
You might be wondering why you should use our service instead of going to the bank or another large lender?
We save you time!
The bank often requires you to visit your local branch, fill out stacks of paperwork, or at least take a phone call. You can be waiting for days for everything to be finalized and if you have bad credit, you're unlikely to be approved anyway. If you're rejected you then have to find another lender and repeat the process.
Not only does this take time, but it can also harm your credit report.
Not with us-our site allows you to enter your basic details into one form and we pass this through a large network of lenders that offer between $1,000 and $5,000, over 3 to 36 months. If you are connected, you can complete the application online and you will know onscreen in a matter of minutes whether you have been approved.
The entire process can be carried out online, with no faxing if you have digital copies of your statements.
What's more, if you sign the lenders contract during the working week (which can easily be done online), you could see the cash in your account in as fast as one business day-ideal if you the money quickly.
You will provide your bank account when making your application. This allows the lender to issue your funds asap and automatically take the repayments as per the payment schedule issued to you.
If you need cash fast, it doesn't get any faster or easier than our loan connection tool!
Apply With Bad Credit
As a loan connection service, we do not carry out any credit checks and our service is free to use. However, we do connect you with a lender from the network they will reserve the right to perform some kind of credit check.
If you were searching for "no credit check," you don't have to worry, as our lenders will fairly assess all applications regardless of the credit check outcome. Of course, this doesnt mean approval is guaranteed, but it does mean your income, employment status, and other factors will be taken in to account. You will not be automatically rejected for having bad credit.
The only terms you must meet to be eligible are:
- You must be 18 years old or older because this is the legal borrowing age.
- Have a contact address in the United States and by a legal US citizen.
- Have a verifiable income of at least $1,000 per month from employment or another accept source.
- Own a checking or savings account in your name that accepts direct deposit and debits.
Thats it! If you can meet these basic requirements, you can use or tool and lenders will fairly assess your application.
Note: All loans are unsecured so you will never have to put up collateral to get approved.
Is There Instant Approval?
Beware: Some websites like to promote the idea of "instant approval," but this is usually a misleading marketing strategy. No website or lender can offer instant approval, as some processing needs to take place.
The good news is that because the process can be completed using your PC or mobile device, you will know onscreen if you have been approved in just a few short minutes. It will only take longer if the lender needs further information or is struggling to verify what you have entered.
To ensure you have the smoothest experience, remember to double-check your information before submitting.
Your Loan Cost
All loans cost money in the form of interest, whether you take out a long term loan or have a duration of just 3 months.
The exact Annual Percentage Rate (APR) you are offered will depend on a number of factors, including the amount you wish to borrow, how long you wish to borrow it for, your personal financial situation and how the lender decides to assess this, and state regulations.
While we cannot predict what rate you will be given, the lender will make it clear to you before you sign the contract. By law, all lenders must give you a digital copy of the terms and conditions in advance.
This will also include the offered repayment schedule, policies on late fees and other potential charges, and all the other terms of the agreement.
Remember: Taking out a loan is an important obligation and failure to make repayments may result in collection proceedings and a black mark on your credit report. If you believe you will be unable to make payments, you should contact the lender right away to discuss your options.
You are free to walk away at any time prior to signing the agreement. Unless you sign it, the offer remains an offer.
Online Personal Loans Made Easy
Whether you need a small or large amount over the short or long term, our lenders can make you an offer that suits you. These personal loans are issued as soon as you sign the contract and you could see the cash in your account in as fast as one business day!
What could be easier than that?
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