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Welcome to VeryMerryLoans.com, we can help you borrow £100 - £2,000 from 3 - 12 months.

Loans for 3 - 12 months.

Short, simple and fast application process.

Decisions in minutes.

How much you need today?

When can you repay this loan?

1 Months

Borrowing: £1000

Representitive APR: 277.6%

Repayment By: 5.1.2016

Interest: £58.68


Total Repayment: £1058.68

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Minimum Loan Length is 3 months. Maximum Loan Length is 12 months. Borrow £850 Over 11 Months. Monthly Repayment £146.30. Total Amount Repayable Of £1,609.25. Interest: £759.25. Interest Rate: 150% Pa (Fixed). 277.6% APR Representative. We are a free licensed credit broker, not a lender.

Long Term Loans


In an age when payday loans and short term loans are now more popular than ever before, it's important to remember that you can still borrow long term if the need arises.

From home refurbishments and structural repairs to car and asset purchases, long term loans are a great way to spread the payment of these over years rather than having to deal with the full costs upfront.

For anyone looking to borrow long term, budgeting will be key as you'll need to keep up your timely repayments for as long as the loan is running.

What Can Long Term Loans Be Used For?

Long term loans are a great way for consumers to take on debt without having the pressure of settling the entire balance over the short term. This can help to reduce the pressure on larger repayments, especially if you'd rather break down your loan into smaller, bitesize chunks rather than one big outgoing on your next payday.

It's important to note that payday loans shouldn't be used to borrow long term due to higher interest rates but instead can be a great instant short term solution for unforeseen financial issues.

Remember – just because you're looking to borrow long term doesn't mean that you'll necessarily be taking out a larger loan amount. Payday loans can often be spread over a longer number of months in order to simply keep the monthly repayments affordable.

Can I Pay My Long Term Loan Off Early?

Yes! Whenever you take out a long term loan your credit agreement will detail how you can repay your outstanding balance early. Whilst many providers now offer incentives such as a reduced total repayment to do this, some do still charge early repayment fees or may ask you to pay all of the future interest as final settlement.

Check out the credit agreement in full if you need clarification on this before borrowing long term, especially if you're likely to pay off large chunks on top of your repayment plan.

Can I Borrow Long Term With Bad Credit?

Yes you can borrow long term with bad credit. And you may find that this method actually improves your credit score. Each time you make a repayment, your lender will feed this back to the credit reference agencies who will gradually increase your score.

If you borrow long term then you'll have more repayments to make which will, in turn, mean that a greater quantity of positive footprints are left on your score as time goes on.

If you've had trouble finding a willing lender elsewhere then don't give up. Each lender uses a different set of criteria when making their assessments of your circumstances so you may find that some are more willing to help you out than others.

It all starts by getting an accurate, up to date comparison from Very Merry Loans. Our intuitive loan matching platform will place you with suitable lenders who can provide you with the finance needed in rapid time.

Get a great rate on your next long term loan by completing our instant application and get a great rate on your next line of credit today.

Very Merry Example

Loan Amount: £500
Loan Term: 3 months
Interest: £202.40
Total Repayable: £702.40 Apply

Representative APR: 305.9%. (variable)
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.