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
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Your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it.
Name Product Maximum LTV Loan amounts Loan terms Overall cost for comparison Repayments
United Trust Bank Ltd 1st Charge BTL Limited
£50,000 to £1,500,000
3 to 30 years
6.6% APRC
(£81,156.1 overall)
Pepper Money Prime Rate Secured Loan
£7,500 to £350,000
3 to 30 years
7.4% APRC
(£82,511.81 overall)
£30,000 to £2,500,000
4 to 30 years
8.3% APRC
(£87,012.2 overall)
Selina Selina FlexiLoan
£25,000 to £1,000,000
5 to 25 years
8.9% APRC
(£89,062.43 overall)
Equifinance Adverse Secured Loan
£10,000 to £250,000
3 to 25 years
11% APRC
(£94,933.46 overall)
Evolution Premier Ranger Tier 1
£35,000 to £100,000
3 to 20 years
11.7% APRC
(£94,818.74 overall)
Spring Secured Loan - 3yr fixed Prestige
£5,000 to £200,000
3 to 25 years
11.9% APRC
(£97,549.91 overall)
Loan Logics Fast Track Secured Loan
£5,000 to £50,000
1 to 25 years
14.4% APRC
Not available for requested amount/term
United Trust Bank Ltd 1st Charge BTL Limited
£50,000 to £1,000,000
3 to 30 years
6.6% APRC
(£81,156.1 overall)
United Trust Bank Ltd 1st Charge BTL Standard
£50,000 to £1,000,000
3 to 30 years
7.5% APRC
(£84,290.81 overall)
United Trust Bank Ltd 1st Charge BTL Limited
£50,000 to £1,500,000
3 to 30 years
7.6% APRC
(£84,664.09 overall)
United Trust Bank Ltd 1st Charge BTL Standard
£50,000 to £1,000,000
3 to 30 years
7.6% APRC
(£84,514.67 overall)
Overall representative example
If you borrow £43,000 over 16 years at a rate of 10.25% variable, you will pay 192 instalments of £505.18 per month and a total amount payable of £96,994.56. This includes the net loan, interest of £49,404.56, a broker fee of £3,995 and a lender fee of £595. The overall cost for comparison is 12.7% APRC variable.

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. If you default on your repayments your home may be repossessed.

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


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


  • 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

The bottom line

It’s possible to get a 10-year loan, however they usually come as secured loans. This will involve putting your house (or other assets that equate to the sum of the loan) up as collateral in case you can’t make your repayments.

Frequently asked questions

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