Personal Loans
Understanding interest rates, tenure and EMI before you borrow
Dhaniti Editorial Desk4 Aug 20265 min read
Every loan is a relationship between three numbers: the amount, the rate and the tenure. Adjust one and the others respond.
A longer tenure spreads repayment and reduces monthly pressure, but you pay interest for longer. A shorter tenure does the opposite.
Modelling a few combinations before you apply helps you choose an instalment that stays comfortable even if your expenses rise.
This article is for educational purposes and does not constitute financial advice.
