The time it takes to pay back a £30,000 loan depends on the terms agreed with the lender. Loan terms typically range from short-term (1-3 years) to medium-term (3-7 years) to long-term (7 years and above).
It is important to choose a term that you can afford to repay regularly without straining your budget. Some loans offer repayment flexibility, allowing you to pay it off early and potentially save money on interest.