Most personal loan lenders offer repayment terms of two to five years, though it’s possible to find loans with even shorter or longer term options. It’s also commonplace for lenders to waive prepayment penalties, meaning that you won’t be punished monetarily for paying off your debt before it’s due. It’s critical to only borrow what you can realistically afford to repay on the prescribed timeline. Then you won’t run into trouble and see your repayment stretch longer than it should.