Spread The Payments To Suit Your Budget
Choose A Long Term Loan Through First Choice Finance
Loans From £3,000 Up To £150,000
Loan Terms From 3 To 25 Years & Free Quotes
First Choice Finance are an established loan and mortgage business with 25 years experience of arranging long term loans for the British public. Larger loans such as Secured homeowner loans are designed to be paid over a longer period of time much like a second mortgage or remortgage, these long term loans should not be used for bridging finance or other short term finance. If you are looking to borrow smaller sums of money of below £10,000 and are only wanting to pay the money back over a few years then you may first want to try an arrange an unsecured personal loan. The information on this page relates to our secured loan panel of lenders.
Because secured loans or remortgages are usually for larger amounts than you can usually get through unsecured personal loans, credit cards or other short term finance it can be helpful to extend the loan term reducing your monthly repayments, although this will increase the interest cost of the loan over the duration. So we will work with you to aim for a balanced scenario where you only borrow the amount you need and spread the payments over a term that keeps the overall to be paid back sensible, but where the monthly repayments are affordable for you. To get a free personal quotation for your specific requirements call our finance team on 0800 298 3000 (or if on a mobile on 0333 003 1505), alternatively please fill in our short on line enquiry form Please note: These long term loans can be used for virtually any purpose.
If you have a lots of short term debts such as payday loans, credit cards, personal loans etc. then you could use First Choice Finance to find a long term debt consolidation loan, please feel free to visit our debt consolidation calculator and compare how the cost of the different options work out. By having the loan over a longer term you are able to reduce your monthly repayments and simplify your outgoings by combining all your debt payments into just the one payment, the longer the term of the loan the lower the monthly payments, although this will result in more interest paid over the loan term
Use our free online calculator to figure out the cost of your loan whether you are looking for a long term loan or a short term personal loan enter your loan amount, interest rate and the loan term you wish to base it over and see how much the loan will cost you for a month/
£15,000 loan over 15 years at an apr of 17.9% will cost you £244.42 each month, total payable £43995.60. A £30,000 loan at 17.9% APR over 25 years will cost you £454.91 a month, total payable £136,473
If you a bad credit rating First Choice finance could still help, if you have missed mortgage payments, have CCJ`s of your credit file, missed payments of current credit cards or personal loans, or other negative marks on your credit profile, First Choice Finance could still help as a leading UK Finance Broker we have an large panel of lenders for loans and mortgages and will search our panel of bad credit secured loans to find a plan that best suits your unique circumstances, due to our experience in the loan sector our underwriters will be happy to try and answer any questions you may have.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.