Long Term Loan FAQs
Please click below for the answers to our most commonly asked questions. If you can't find the information you need, call us free on 0800 694 5566 and one of our advisers will be happy to help.
How much can I borrow?
With Norton Finance you can borrow as little as £3,000 or as much as £500,000.
How long are the repayment terms?
Our payment terms are flexible – choose between 1 and 30 years to spread the cost of repayments more comfortably.
What are the interest rates?
Our interest rates vary depending on your financial history and personal circumstances. Homeowner rates start from 2.9%.
Are there any loan fees?
As we are a broker, not a bank, we search across the market from over 600 different options to find the best fit for you. We receive commission from the lender on completion of a loan, and we may also charge a broker fee of up to 12.5% of any secured loan amount borrowed, capped at £3,995. There are no broker fees on unsecured loans.
Can I pay off a long term loan early?
You can pay off the outstanding balance of your long term loan at any time; however, there may be an early repayment fee. This will normally reflect the amount of interest that would have been paid had the loan reached the end of its agreed term. This could make early repayment a less attractive option, so it’s always best to make sure you understand the terms of the loan before you commit.