Best Personal Loan Term Length
Where Can I Find a Long-Term Personal Loan? There are several trusted options to check if you’re searching for a long-term personal loan. Not all financial institutions offer extended repayment terms, but you can still find the right lender by considering the following sources: 1. Traditional Banks Many national and regional banks offer long-term personal loans to borrowers with good credit. These institutions normally provide competitive interest rates and loan amounts ranging from $5,000 to $100,000 or more, depending on your creditworthiness and financial profile. You may qualify for special terms or lower rates if you have an existing relationship with a bank. Pros Cons Trusted financial institutions Stricter eligibility requirements In-person customer service available Slower approval and funding times Potential rate discounts for existing customers – 2. Credit Unions Credit unions are member-owned, not-for-profit organizations that often offer lower interest rates and more ...