As you probably very well aware of long term loans they can vary in the amount of time that you take the on average loans can be taken over 3 to 5 years. But should you be borrowing a lot more money than the normal £3,000 to £5,000, if we’re talking somewhere around the £15,000-£20,000 mark you can expect to pay over a much longer period to keep your monthly installments at a manageable level. You will also need a good credit score to borrow a higher amount.