Looking for money to fund a personal venture? Need to finance home improvements, clear debts or make a large purchase for a car or a holiday? A 20 year loan may be the most suitable loan for you.

Loans for 20 years are a sensible option for large loan amounts. A number of lenders have 20 year loan plans available to homeowners who wish to secure a loan of £10,000 or more.

For large financial commitments monthly repayments can be costly and unmanageable, therefore many people choose to spread the cost over a period of 20 years, reducing the monthly repayments to ensure the loan does not become a problem. Securing 20 year loans does unfortunately result in paying more interest, although some lenders will allow you to negotiate the terms initially agreed to pay off your loan over a shorter period if you can afford to do so. If you would like an indication of how much interest you would pay on a 20 year loan please use our loans calculator and see whether a long term loan would be the right option for you.

At Loanexplorer we aim to find you a loan whatever your credit history, so whatever your circumstances we have specialist lenders who can advise on which loan would be affordable. For more information or if you are interested in a 20 year secured loan then simply complete our online application form and leave us to do the hard work.