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Long-term loans

Long-term loans are ideal if you need to spread the cost of a large investment or unexpected bill. You could get higher amounts of money than you would with short-term loans, while longer repayment terms make the repayments more manageable.

We offer long-term personal loans of between £1,500 and £4,000 and repayment terms of 18 to 48 months depending on how much you borrow. You'll see all your costs up front and never face late payment fees. Find out more below about how long-term lending works, its advantages, and how to apply with Dot Dot Loans.

What are long-term loans?

Long-term loans are larger sums of money that are borrowed and paid back plus interest, over an extended period of time. This is usually done in regular instalments spread over one year or more. You can repay yours over 18, 24, 36 or 48 months with Dot Dot Loans depending on how much you plan to borrow.

You can apply for long-term loans online or on the high street. Because of the extra risk involved with higher loan amounts, some long-term loan lenders ask for guarantors or personal assets as security. But you don't need either for one of our loans.

What are the advantages of long-term loans?

If you need financial support, there are plenty of reasons why a long-term personal loan could be right for you.

  • Larger loan amounts: Most lenders will offer a larger loan if you repay it over a longer time period. This means you can get more money to help cover larger costs
  • Lower repayments: Long-term loans can be more manageable. By spreading the cost of your loan further, you could have lower monthly instalments than you would if you took out a shorter-term loan
  • Lower interest rates: Most long-term loans come with lower interest rates than short-term options like payday loans. Bear in mind you may pay more in interest overall, however

What can I use long-term personal loans for?

If you're short on cash, you're not alone. Figures from the Office for National Statistics show we're saving less of our income than we used to − and there are lots of situations where a long-term loan can give you the boost you need.

They're useful for expensive purchases and life events because of the higher loan amounts available. You could pay for home improvements that add value to your property and create a better place to live. Or you might want to put the funds towards a new car. Other examples include weddings, holidays and education fees.

They can also help when things don't go to plan. More than one in five UK adults struggle with money worries. If you're met with a large unexpected bill or have several due at once, turning to a long-term loan direct lender like Dot Dot Loans could help get you out of a tight spot.

How does long-term lending work with Dot Dot Loans?

We offer quick and easy long-term loans with no guarantor, no late payment fees, and no other nasty surprises. You could apply online in minutes and get the money a day later if we say yes.

Our long-term loans range from £1,500 to £4,000, with fixed monthly repayment terms of 18, 24, 36 or 48 months. You can use our long-term loan calculator to choose how much you want to borrow and see your available terms and costs before you apply.

We're committed to responsible lending and will carry out credit and affordability checks to offer a loan you can realistically afford. But if you're looking for a long-term loan with bad credit, don't panic. We look at other factors including your income and outgoings, so a poor credit score won't always rule you out.

If we approve your application before 10pm, we'll send your loan in full within the hour. After this time, you'll receive your money at 9am the next day. It's that simple.

Why choose Dot Dot Loans?

Whether you're building a better future or need support to take the pressure off, we can help. Our long-term loans of £1,500 to £4,000 are simple, clear and convenient. And by using a direct lender rather than a broker, you'll always know who you're dealing with.

Here are six reasons to apply for one of our long-term loans online:

  • Fair: The amount we agree on up front is the amount you'll pay back. No surprises
  • Flexible: You won't face penalty fees or added interest
  • Fast: Apply in minutes and get your loan the next day if approved
  • Friendly: Our UK-based customer service team are always happy to help
  • Responsible: We're regulated by the Financial Conduct Authority (FCA) and follow its strict guidelines on fair, safe and responsible lending
  • Recommended: Our customers rate us 'excellent' on the independent customer review site Trustpilot

Applying for a loan can feel intimidating. But with Dot Dot Loans, you don't need to visit a physical location or go through a complicated application process. People like our fast and friendly service − and you might too.

Is a long-term personal loan right for me?

We want you to feel confident in your financial decisions. While a long-term loan can have lots of benefits, there are times when it might not be the best option for you.

Short-term loans are usually more suitable if you only need a smaller loan amount. If you want to replace your washing machine, service your car or renew your home insurance, for example. We offer short-term loans from £200 to £1000 to help cover smaller costs.

And while spreading the cost of a loan over a longer period of time will make your monthly repayments more affordable, they can be more expensive overall if you end up paying more in interest. But with Dot Dot Loans you can repay early at no extra cost.

Long-term loans can also make it tricky to plan your future as you'll still need to budget for your repayments. Will you struggle to afford them if you change jobs or move home? If you're worried about debt you can get free advice from National Debtline, StepChange or the Money Advice Service.

Do I qualify for a Dot Dot long-term loan?

Whatever your situation, you can apply for one of our long-term personal loans if:

  • You're aged 21 or over
  • You live in the UK and can give us your address
  • You're currently employed
  • You've got a valid email address
  • You have bank account and debit card details

Like all responsible lenders, we have our own criteria to help us offer loans our customers can afford. We'll look at your income, outgoings and credit history before giving you a decision.

How much can I borrow?

You can apply for a long-term loan with us from £1,500 to £4,000. If you need a smaller amount, we also offer short-term loans of £200 to £1,000.

How will my repayments work?

We offer fixed repayment terms of 18, 24, 36 and 48 months. The length of your loan will depend on how much you want to borrow. You can see what’s available to you through our long-term loan calculator.

Representative Example
Amount £2500
Term 24 months
Monthly repayments £198.68
Total amount payable £4,768.25
Interest rate 71.1% p.a. (fixed)
APR 99.9%

We collect repayments automatically through Direct Debit, usually around the date you get paid. You can speak to us if you need to set up a different payment date.

If you're worried you might fall behind or miss a payment, we'll try to help and create a new plan. You won't face late payment fees but missed payments can affect your credit score and make it harder to get credit in the future.

Are there any extra fees with long-term loans?

We don't charge late payment fees, added interest or anything else extra. No surprises.

What's the interest rate on a Dot Dot long-term loan?

Your interest rate will be fixed up front depending on how much you borrow. Use our long-term loan calculator to see what yours could be.

Getting a long-term personal loan with a fixed interest rate can be easier to budget for than a loan with a variable interest. The amount you repay will be the same each month with a fixed rate, but a variable rate means it can go up and down.

Can I get a long-term loan with bad credit?

We're committed to lending responsibly, but that doesn't mean we expect you to have a perfect credit score. We'll look at your situation as a whole before making a decision.

How soon could I get my loan?

You can apply for a Dot Dot long-term loan in minutes and get an answer soon after. If you've been initially approved one of our agents will be in touch to discuss the next steps. We aim to provide a final decision on your loan the next working day.

Apply for a long-term personal loan with Dot Dot

A long-term loan could be just what you need to move forward with your life. Use our long-term loan calculator to create the ideal loan for you, then select 'Apply now' to move on to our secure online application form.

After you've submitted your application, we'll get in touch as soon as possible to give you our decision.

You can visit our FAQs or contact us if you have any more questions.

Apply now

Short term loan

Representative Example

Borrow £300 over 6 months with monthly repayment of £92.97. Total amount payable £557.82. Interest rate 237% p.a. (fixed). 757.7% APR Representative.

Long term loan

Representative Example

Borrow £2500 over 24 months with monthly repayment of £198.68. Total amount payable £4768.25. Interest rate 71.1% p.a. (fixed). 99.9% APR Representative.

Loans from £200 to £1000

Apply now

Representative 757.7% APR

Loans from £1500 to £4000

Apply now

Representative 99.9% APR

Short-term loans: 757.7% APR Representative Long-term loans: 99.9% APR Representative