3 Year Loans

At Simple Personal Loans, you can borrow 36 month loans or 3 year loans of £1000 and up. We also offer other repayment options ranging from 36 to 72 months, so you’ll be able to find a repayment plan that’s affordable for you.

3 year loans can be used for a variety of purposes, from covering important expenses such as car repairs to consolidating your current debt all into one place. We could provide you with such finance, as we offer 36 month loans for bad credit too.

How much can I borrow over 3 years?

Managing finances can be tricky at times, especially when an unpleasant surprise such as your car failing its MOT, or emergency home repairs crop up and mean you go over budget and quickly need a loan. Or it could be that you may need to look for 3 year loans for bad credit if your financial history means you’ve struggled to secure finance elsewhere.

With 3 year loans, you could borrow any loan amount you desire. But as we abide by responsible lending, make sure it is an amount that you’d be able to repay within 36 months.

How much do 36 month loans cost?

With a long term loan, you can get a lump sum to meet those expenses today and pay back the loan balance in a way that suits you. Here is a table of the typical costs for the most popular loan amounts borrowed over 36 months.

 Repay in 36 Monthly Instalments*
Amount Borrowed 36 PaymentsTotal Repayable


*Examples are for illustrative purposes only. Calculations are based on annual interest rates between 5.9%. If you apply with Simple Personal Loans and are accepted, the actual cost may vary depending on the lender you’re matched with and the rate you are offered.

Benefits of choosing a 36 month loan

A 3 year loan can make borrowing more affordable than short term loans, as the repayments will be spread out over a longer period. This usually means the repayments are offered with a lower APR.

With a 3 year loan, you’ll have an end goal of when your loan will be paid off from the offset, allowing you to plan future finances and manage your money more effectively.

Applying for a 3 year loan

If you’ve decided on a 3 year loan, you can start your application online. A 3 year loan can help kick-start your next project, reach a milestone or simply help you manage your finances. However, before you apply for a 3 year loan, assess your finances to ensure you can comfortably meet monthly repayments.

It can also be worthwhile tidying up your credit report by correcting any errors or misinformation, to improve your chances of being approved for the loan terms you want.

Other repayment alternatives

If you would prefer larger repayment options, here are a few that we are able to offer:

  • 42 month loans
  • 48 month loans
  • 60 month loans
  • 72 month loans