Long Term Loans
Choose repayment terms that suit your financial goals.
- Up to 350,000R
- Low monthly costs
- 2 to 72 months repayment plan
Long Term Loans – A Smart Choice for Stable Financing
Long term loans offer a practical way to manage large expenses or fund significant life events. With extended repayment periods, these loans provide affordable monthly payments, making them an ideal solution for planned expenses such as home renovations, education, or consolidating existing debt.
At YourLoan24, we simplify the process of finding the best long term loans in South Africa. With a single online application, your request is sent to multiple verified lenders who provide tailored offers. This ensures you have the flexibility to compare rates, repayment terms, and loan amounts to select the most suitable option for your needs.
Benefits of Using YourLoan24 for Long Term Loans?
YourLoan24 is committed to making it easy and secure to find long term loans. Here’s why borrowers trust us:
- Tailored Offers: Receive personalized options that align with your financial circumstances.
- Trusted Lenders: Work only with verified lenders for safe and transparent borrowing.
- Comprehensive Comparison: Compare multiple offers effortlessly to find the best deal.
With YourLoan24, you’ll gain access to flexible and reliable long term loan options that cater to your unique needs.
How Do Long Term Loans Work Through YourLoan24?
Applying for long term loans through YourLoan24 is straightforward and efficient. The process allows you to secure funding quickly and without unnecessary complications.
How to Get a Long Term Loan in 3 Steps:
1. Enter loan details
Set desired loan amount and duration.
2. Compare your options
Choose the loan option that suits you best.
3. Apply online
Apply on the lender’s website, without obligation.
This streamlined process saves you time and helps you find a loan that fits your long-term financial plans.
Why You Can Trust YourLoan24
Verified Providers Only
We partner exclusively with selected and verified providers to ensure fair loan conditions and trustworthy service.
Free & Transparent Service
Our comparison service is completely free to use and does not affect the prices of the loan options you see.
Quick & Secure Application
Get a quick overview of suitable loans and apply securely online, ensuring your personal information is protected.
General Requirements for Long Term Loans
To apply for long term loans, you must meet specific eligibility criteria. These requirements ensure lenders can responsibly evaluate your ability to repay the loan.
- Minimum Age: Applicants must be at least 18 years old.
- Residency: A valid South African ID and proof of residency are required.
- Stable Income: Proof of regular income is necessary to determine your repayment capacity.
- Bank Account: An active South African bank account is essential for disbursing funds.
Meeting these requirements increases your chances of securing a long term loan with favorable terms.
Example of a Long Term Loan
Here’s a practical example of how a long term loan might work:
| Loan Amount | R50,000 |
| Term | 60 months |
| Monthly payment | R1,015.13 – R1,728.38 |
| Variable debtor interest | Min. 7% – Max. 27.75% |
| Max APR | Min. 8% – Max. 31.75% |
| Minimum – Maximum term | Min. 12 – Max. 240 months |
| Other fees | R0 |
| Total credit costs | R10,907.80 – R53,702.80 |
| Total costs (for whole period) | R60,907.80 – R103,702.80 |
This example demonstrates how spreading payments over a longer period can make large expenses manageable while maintaining financial stability.
Long Term Loans in South Africa
Long term loans in South Africa are designed to address a wide range of financial goals, from home improvements to debt consolidation. They offer the flexibility to borrow larger amounts and repay comfortably over an extended period.
Key Features of Long Term Loans in South Africa:
- Flexible Terms: Choose repayment periods that fit your budget and long-term plans.
- Accessible Solutions: Designed for various financial profiles, even those with less-than-perfect credit.
- Stability and Planning: Ideal for managing significant expenses with predictable payments.
At YourLoan24, we help you connect with lenders who offer the best long term loans to meet your unique requirements.
Long Term Personal Loans
If you’re considering long term personal loans, these loans can provide the financial freedom to achieve your goals. From funding education to handling medical expenses, personal loans offer a versatile solution.
Benefits of Long Term Personal Loans:
- Personalized Options: Lenders offer repayment terms and amounts tailored to your financial goals.
- Versatility: Use the funds for a variety of purposes, from personal projects to family needs.
- Predictable Payments: Enjoy the stability of fixed monthly installments.
YourLoan24 simplifies the process of finding long term personal loans, ensuring you have access to offers that align with your plans.
Long Term Loans with Poor Credit in South Africa
While traditional lenders often prioritize strong credit scores, many loan providers in South Africa take a more comprehensive view of your financial profile. This means that even with poor credit, you may still qualify for a long term loan, provided you can demonstrate affordability.
Tips for Applying with Poor Credit:
- Show Stable Income: Provide documentation that proves your ability to repay.
- Choose Realistic Loan Amounts: Apply for an amount that fits comfortably within your budget.
- Be Transparent: Provide accurate and detailed information in your application.
YourLoan24 connects you with lenders who assess applications holistically, increasing your chances of finding a suitable long term loan, even with a challenging credit history.
What You Should Know Before Applying for Long Term Loans
Before you apply for a long term loan, it’s important to understand the terms and ensure the loan fits your financial plans.
Considerations:
- Affordability: Borrow only what you need and ensure the monthly payments align with your budget.
- Loan Purpose: Define clear objectives for how the funds will be used.
- Interest Rates: Compare offers to find the most cost-effective option.
By evaluating these factors, you can choose a loan that supports your long-term financial stability.
Take the Next Step with Confidence
With YourLoan24, finding long term loans in South Africa is simple and efficient. Whether you’re planning for a large expense or consolidating debt, our platform connects you with verified lenders who offer flexible terms and competitive rates. Start your application today and secure a loan that aligns with your future goals.
Do you already have one or more loans?
Replacing your current loan with a new one often results in a lower interest rate / expenses and thus saves you money
Frequently asked questions
You will find the answers to the most frequently asked questions right here.
Use a loan calculator to input the loan amount, interest rate, and repayment period to determine monthly payments and total repayment costs. With YourLoan24 the costs of the long term long will be displayed with calculations.
Long term loans provide lower monthly payments, making them manageable for large expenses and long-term financial planning.
Yes, many lenders consider factors beyond credit scores, such as your income and repayment capacity.
They can be used for various purposes, including home improvements, education, or medical expenses.