Long-term loans

As you probably very well aware of long term loans they can vary in the amount of time that you take the on average loans can be taken over 3 to 5 years. But should you be borrowing a lot more money than the normal £3,000 to £5,000, if we’re talking somewhere around the £15,000-£20,000 mark you can expect to pay over a much longer period to keep your monthly installments at a manageable level. You will also need a good credit score to borrow a higher amount.