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(Subject to eligibility and affordability)
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What is a 5 Year Loan?

A 5-year loan can be beneficial for a multitude of reasons, primarily if you require a more significant amount. A long-term credit arrangement is more comfortable to budget as you have the option to consolidate all existing debts into the one financial product. In total, you may borrow from £5,000 to £25,000 dependent upon the lender you select. The size of the loan will be in correlation to how long the term of the loan will be. So if you require a hefty loan regarding amount you will receive, then a longer agreed term would is favoured.

The most extended repayment term BadCreditSite offer is over 60 months. The benefit of this is it spreads the cost of monthly payments when borrowing a more substantial sum. The monthly repayments depend on the amount you choose to borrow, and the interest rate provided by the lender. A 5-year loan permits you to manage without any impact on your credit rating, assuming you make the repayments.

To access a five-year loan, you are not required to be a home-owner or have prior savings. As long as you are over the age of 18, are a UK citizen, and have access to a UK bank account you will be eligible to apply for one of our loans. There are two methods you can obtain a five-year loan; unsecured and secured.


Once your application is matched to a suited lender, and they borrow your money, it will not be secured against any of your assets. An unsecured loan, commonly known as a personal loan, requires no security against your property. However, failure to upkeep repayments can lead to being taken to court. If you are concerned about your current financial status and are perhaps worried about how you will repay, discuss it with us and we will calculate the perfect lender for you.


With these types of loans, the lender requires security against the money you borrow for them, typically a vehicle or house. If you default on payments, then the establishment will either sell the asset as collateral. An individual should consider carefully if they wish to obtain a secured loan as the collateral may be sold to repay debt.

Benefits of 5 Year Loans

There are no hidden costs or extra fee’s you will owe and a five year alone is very straightforward. A primary advantage is that the loan can be used for bad credit or cover significant expenses, such as home projects/events. Whatever the purpose of the loan we will be more than happy to help assist you.

By providing precise details to us via our online application form, we will match features exclusively to find the ideal lender for you. Alongside our online sourcing platform to seek confident lenders, we also work with an array of panellists who offer more one-to-one contact with clients.

CreditPoor does not charge any fees. If you are contacted by anyone saying they are calling from CreditPoor requesting you make them a payment you should contact the Financial Conduct Authority (FCA) as we are aware that there is currently a scam using the CreditPoor brand. This has nothing to do with our company.