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Long Term Loan

Long Term Loan

A loan can be either a short-term loan or a long-term loan. When the term of a loan extends for more than three years, they are termed long-term loans. The duration of long-term loans can extend upto 30 years. Long-term loans can be secured as well as unsecured. The only difference between a long-term secured and a long-term unsecured personal loan is that the latter does not require any collateral to be pledged against the borrowed funds.

Long-term personal loans are suitable for borrowers who wish to repay the loan amount over a longer duration. Given the duration of a long-term loan, the EMI amount to be paid would also be considerably lesser than short-term loans.

With Finnable, long-term personal loans of upto 10 lakhs can be availed. The funds from this type of loan can be used for travel, wedding, home renovation, or fulfilling any personal needs.

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Long Term Loan features

6164 people have applied for loan in the last 24 hours
5/5
5000 people have rated this loan as the best product

Get Rewards

Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on time and improve your credit score.

Get loans quickly

Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.

High Loan Amount

Apply for personal loans with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 60 months.

Personal loan Assistant

Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.

Get Rewards

Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on timwe and improve your credit score.

Get loans quickly

Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.

High Loan Amount

Apply for personal loans with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 6 and 60 months.

Personal loan Assistant

Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.
6164 people have applied for loan in the last 24 hours
5/5
Over 5000 customers have rated us 5 stars in Play store

Personal loans can be used for multiple purposes- to fulfil your desires or meet urgent financial needs. This is why we bring you a range of products to suit your needs and desires.

Learn with Finnable

Long Term Loan FAQs

You can apply for a long-term loan from Finnable’s website or personal loan app. You will register and create a profile with us. Once you register yourself, upload your personal and professional details. Choose the type of long-term loan, enter the amount and submit your application. Your account will be credited with the funds on approval of the documents.

Long-term loans work like unsecured personal loans. The duration of the loan will be longer than short-term loans.

Though Finnable does not ask for a credit score at the time of application, availing a personal loan with low cibil score mean that you will be paying higher interest on the loan amount.

The advantages of availing a long-term personal loan include easy disbursal, simple documentation, and flexible repayment tenure.

Long-term loans work better than short-term loan as the EMI to be paid is stretched over a longer period. This helps borrowers to plan their finances accordingly without forgoing much of their salary. 

Applicants can avail a maximum of Rs 10 lakhs as a long-term loan from Finnable.

Long-term loans can have a loan tenure starting from 3 years and above.

You only need to pay interest that applies to your long-term loan amount till you repay the entire amount.