FAQs

Does a longer loan tenure reduce the total cost?

No, a longer tenure usually lowers each EMI but increases total interest when the principal and rate are unchanged. The smaller monthly payment can improve short-term.

No, a longer tenure usually lowers each EMI but increases total interest when the principal and rate are unchanged. The smaller monthly payment can improve short-term cash flow, yet it keeps the balance outstanding for longer. Compare both monthly payment and total repayment with the EMI calculator. Provider fees, prepayment rules, and future rate changes can alter the final cost.

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