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10 year unsecured loan

hubballi
hubballi Posts: 424 Forumite
in Loans
Does anyonr know the best deals on a 10 year loan, 8 at a push ?

Thanks.

Comments

  • Rafter
    Rafter Posts: 3,850 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hubballi,

    7 years is usually the maximum amount of time you can get an unsecured loan for.

    Reason being that offering a fixed rate of interest over any longer period increases risk for the lender and also your circumstances could change significantly in a 7 year period with no security for the lender to support the loan outstanding.

    R.
    Smile :), it makes people wonder what you have been up to.
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