Best Long-Term Personal Loans

Wells Fargo offers the best long-term debt consolidation loans because it has a low minimum APR (7.24%), and borrowers can pay off the loans over 12 - 84 months. Wells Fargo offers loans of $3,000 - $100,000 – comparable to the funding amounts provided by other top lenders.

To be eligible, you must be an existing customer and have a Wells Fargo account open for at least 12 months.

Key Facts About Wells Fargo Personal Loans: 

• Loan sizes: $3,000 - $100,000     
• Timeline for funding: 1 - 3 business days
• Minimum credit score: 660  
• Eligible states: All 50 states and Washington, D.C. 

Navy Federal offers the best long-term home improvement loans because it gives you up to 180 months to pay off loans $250 - $50,000. That’s the longest payoff period available for home improvements.

Navy Federal also has a competitive APR range of 8.99% - 18%. You must be a member of Navy Federal Credit Union to be eligible for a personal loan.
 

Key Facts About Navy Federal Personal Loans:

• Loan sizes: $250 - $50,000     
• Timeline for funding: As soon as the same day
• Minimum credit score: Not disclosed  
• Eligible states: All 50 states and Washington, D.C.

First Tech Federal Credit Union has the best long-term personal loans for people with bad credit, offering loans of $500 - $50,000 with a repayment period of 6 - 84 months. First Tech FCU also has a reasonable APR range of 7.89% - 18% and does not charge an origination fee.

You can even apply with a co-applicant for a chance at higher approval odds and better terms. Joint loan applications evaluate the creditworthiness of both applicants equally. Therefore, having a co-applicant with a higher credit score can increase your chances of securing the best loan. You don’t need a co-applicant to get approved for a First Tech FCU loan with bad credit, however.

There are a number of ways to qualify for First Tech membership. For example, anyone who works for a partner company or belongs to either the Computer History Museum or the Financial Fitness Association can become a member.

Key Facts About First Tech Federal Credit Union Personal Loans: 

• Loan sizes: $500 - $50,000     
• Timeline for funding: Not disclosed
• Minimum credit score: Bad 
• Eligible states: All 50 states and Washington, D.C. 

BHG Money has good long-term personal loans for people with bad credit or no credit. It offers loans of $20,000 - $200,000 to be paid within 36 - 120 months. Those are the highest loan amounts available to borrowers with bad credit or no credit history. However, BHG Money has a relatively high minimum APR, charging 11.96%, and a small origination fee may apply.

Key Facts About BHG Money Personal Loans: 

• Loan sizes: $20,000 - $200,000     
• Timeline for funding: 3 days after approval
• Minimum credit score: No minimum credit score required 
• Eligible states: 48 states and Washington D.C. (except Illinois and Maryland)