New Delhi, July 1 -- When deciding on a personal loan tenure, short-term financial commitment versus long-term patience is more important than just monthly affordability. Your repayment period affects the monthly EMI, total interest payable, and your credit profile, so carefully considering this can reduce stress and save you money in the long run.

The "tenure" of a personal loan refers to the period over which you repay the loan amount along with interest. While some lenders may offer terms of up to 84 months based on eligibility, most personal loans issued in India have tenures ranging between 12 and 60 months.

The general decision is based on your tolerance to risk, future targeting, monthly income, and financial budget.

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