Compare 10-year loans

Find out how to apply for a personal loan over 10 years, and how to get the best loan rates.

The UK's largest range of secured loans

  • Loans from £1,000 to £2,500,000
  • See your quote before you apply
  • Quote won’t affect your credit score
Your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it.
£
yrs
£
£
Name Product Maximum LTV Loan amounts Loan terms Overall cost for comparison Repayments
Clearly Loans Exclusive High LTV Secured Loan
65%
£7,500 to £75,000
3 to 30 years
9.9% APRC
£711.71
(£85,404.67 overall)
Clearly Loans Exclusive High LTV Secured Loan
65%
£50,000 to £250,000
4 to 30 years
9.9% APRC
£759.01
(£91,081.6 overall)
Clearly Loans Northern Ireland Secured Loan
75%
£10,000 to £500,000
3 to 30 years
9.8% APRC
£764.48
(£91,737.68 overall)
Equifinance Adverse Secured Loan
70%
£25,000 to £1,000,000
5 to 25 years
9.5% APRC
£759.93
(£91,191.36 overall)
Equifinance Adverse Secured Loan
85%
£5,000 to £60,000
4 to 20 years
23.5% APRC
£1,098.96
(£131,875.32 overall)
Evolution Adverse Secured Loan
100%
£10,000 to £35,000
3 to 25 years
21.8% APRC
Not available for requested amount/term
Equifinance Adverse Secured Loan
95%
£35,000 to £40,000
3 to 20 years
20.8% APRC
Not available for requested amount/term
Equifinance Adverse Secured Loan
80%
£5,000 to £75,000
3 to 25 years
15.6% APRC
£871.32
(£104,558.47 overall)
Spring Secured Loan
75%
£3,000 to £55,000
1 to 25 years
15.5% APRC
Not available for requested amount/term
Selina Selina FlexiLoan
75%
£5,000 to £60,000
1 to 25 years
15.1% APRC
£852.34
(£102,280.5 overall)
Equifinance Standard Secured Loan
75%
£50,000 to £250,000
4 to 30 years
9.8% APRC
£755.78
(£90,693.3 overall)
Equifinance Standard Secured Loan
75%
£7,500 to £200,000
3 to 30 years
9.7% APRC
£743.94
(£89,272.76 overall)
loading

Compare up to 4 providers

Overall representative example
If you borrowed £46,000 over a 15-year term at 8.40% p.a. (variable), you would make 180 monthly payments of £499.13 and pay £89,843.40 overall, which includes interest of £38,853.40, a broker fee of £3,995 and a lender fee of £995. The overall cost for comparison is 10.7% APRC representative.

What is a 10-year loan?

A 10-year loan is any personal loan, either secured or unsecured, that has a loan term of 10 years. However, it’s rare to get an unsecured loan with a term of 10 years, and most are only offered over 1-7 years.

This means that 10-year loans are likely to be secured loans, which are a type of personal loan that requires you to use the equity you own in your house as security against the loan amount.

How do 10-year loans work?

If you take out a personal loan with a 10-year loan term, you’ll receive the loan amount upfront, and will then pay off this sum, and any interest, over 10 years’ worth of monthly repayments.

If you have a loan with a fixed rate, the size of your monthly repayments will remain the same over the 10-year period. If you get a loan with a variable rate, the size of your repayments could change over the course of the loan.

As almost all 10-year loans are secured, you’ll probably need to be a homeowner to qualify for the loan, and willing to use your home (or another asset) as a guarantee against the cost of the loan.

Pros and cons

Pros

  • More manageable repayments compared to a shorter loan term
  • Lower rates than shorter, unsecured personal loans

Cons

  • You’ll likely need to use your home as security
  • You’ll pay more overall than you would with a shorter loan

What are the typical rates on loans over 10-year terms?

10-year loan rates can generally range from 3.5% to more than 20%, depending on the type of loan you apply for. The larger the loan amount and the longer the loan term, the lower your rate is likely to be.

As a general rule of thumb, secured loans also generally offer lower rates than unsecured loans, but the rate you receive will also vary based on the size of the loan, as well as your own personal circumstances and financial situation.

You can compare the typical cost of personal loan rates over 10 years below:

£10,000 loan£20,000 loan£30,000 loan
5% APR (fixed)£12,663£25,326£37,988
10% APR (fixed)£15,573£31,146£46,719
15% APR (fixed)£18,674£37,348£56,021

Can I get a 10-year loan?

Yes, you may be able to get a 10-year loan, but you’ll probably need to be a homeowner, and willing to use your home as security, to get a loan with a term of 10 years. While some lenders may offer unsecured loans over 10 years, you’ll likely need to be an existing customer with excellent credit to qualify for a 10-year unsecured personal loan.

Can I get a 10-year loan with bad credit?

Yes, you could still qualify for a 10-year loan even if you have poor credit, as long as you’re a homeowner and willing to take out a secured loan. However, you’re likely to receive much less favourable rates than someone with a good history, and may also be limited in how much you can borrow.

How to apply for personal loans over 10-year terms

To be eligible you’ll need to meet the following criteria:

  • Be at least 18 years old
  • Be a UK resident
  • Have a UK bank account

As most 10-year loans require you to use security against the cost of the loan, you’ll also probably need to be a homeowner to be eligible. You’ll then need to contact a secured loan lender or broker, who can guide you through the application process.

When you apply, you’ll also need to provide the following information:

  • Your name and address
  • Proof of income
  • Proof of employment

What can I use a 10-year loan for?

You can use a loan for any worthwhile purpose, and this includes:

  • Home improvements
  • Holidays
  • Weddings
  • Cars
  • Personal expenses

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

  • Secured loan calculator

    Use our free secured loan calculator to find out how much you could borrow and check your eligibility with multiple UK lenders in minutes.

  • Loans Warehouse review

    Learn more about how credit broker Loans Warehouse works.

  • Fluent Money secured loans review

    Learn more about how credit broker Fluent Money can help you find a secured loan.

  • How to get a £200,000 loan

    If you’re considering applying for a £200,000 personal loan, check out this guide which explains how to compare lenders and find the best deal.

  • How to get a £150,000 loan

    If you’re considering applying for a £150,000 personal loan, check out this guide which explains how to compare lenders and find the best deal.

  • How to get a £100,000 loan

    If you’re considering applying for a £100,000 personal loan, check out this guide which explains how to compare lenders and find the best deal.

  • Long-term loans

    Long-term loans can help lower your loan repayments, even if you have bad credit. Compare your options now.

  • Secured debt consolidation loans

    A secured loan can help you consolidate your existing debt by offering lower rates and more flexible loan terms.

  • Short term secured loans

    Short term secured loans let you borrow up to £2.5 million with more competitive rates, but also help to keep your overall interest costs down.

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
    Go to site