Personal Loan Tenure: How It Impacts Your Repayment and Interest Rates

What Is Personal Loan Tenure?

It is the duration you choose to repay your loan, typically ranging from 12-60 months.

How Loan Tenure Affects Your Monthly Payments

A longer personal loan tenure lowers monthly EMIs, while a shorter one increases them.

Long vs. Short Tenure: The Personal Loan Interest Rate Trade-Off

A longer tenure leads to higher overall interest costs, while a shorter one reduces them.

Striking the Right Balance for Your Budget

Choose a personal loan tenure that balances manageable EMIs, interest costs, and long-term goals.

Seeking Competitive Personal Loan Interest Rates? SMFG India Credit Is Here to Assist

Apply for a personal loan of up to INR 30 lakhs* with minimal documentation and attractive interest rates .

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* Please note that this webstory is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us