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Term on personal loans

campers · 2006-06-16 11:11:18

Does anyone know if there is a legal maximum term on personal loans? For example: most of the offers around the moment are for a max term of 60 months. Is this a legal maximum; or is there bargaining room for a lender to offer a longer term (like 10 yrs) on c.25k ? Tks;)

16-06-2006 11:11am

#1

campers

Closed Accounts Posts: 117 ✭✭

Join Date: February 2005

Posts: 70

Does anyone know if there is a legal maximum term on personal loans?

For example: most of the offers around the moment are for a max term of 60 months.

Is this a legal maximum; or is there bargaining room for a lender to offer a longer term (like 10 yrs) on c.25k ?

Tks;)

0