This depends on the loan you took and how large it is. Large loans can take longer to pay off than others. The lender will give you a payment plan with all the loan terms laid out. It will tell you how long your term is for and how many months or years it will take you to pay off. In some cases, you may be incentivized to pay the loan off early. In addition, if you are using a simple interest loan, you may save money on interest by paying extra each month. Most loan terms last between 2 to 7 years for personal loans. An appliance is usually a smaller purchase than other home improvement options, so it might not take you very long to pay off. Some loans may only be 12 months.