How Tenure Affects EMI
Increasing loan tenure reduces EMI but increases total interest paid. Shorter tenure increases EMI but saves interest.
Understand the relationship between EMI, loan tenure, and interest rate to make smarter borrowing decisions.
Increasing loan tenure reduces EMI but increases total interest paid. Shorter tenure increases EMI but saves interest.
Borrowers should balance EMI affordability and interest savings. A slightly higher EMI can significantly reduce interest cost.
Choose the shortest tenure you can comfortably afford. Use EMI calculator to compare multiple scenarios.