EMI Tips: Choose Tenure Without Overstretching

Lower EMI is not always cheaper

Longer tenure reduces the monthly instalment, but it can raise total interest cost. Short tenure saves interest, but it can pressure monthly cash flow.

The better choice is usually the tenure that keeps repayment comfortable while leaving room for insurance, emergencies, and planned expenses.

• Compare at least two tenure options before finalising.
• Check prepayment rules and foreclosure charges.
• Do not rely on variable income for a fixed monthly EMI.