Can I always repay early without a charge?
Terms differ. Read the prepayment provisions and applicable rules for your specific lender and product.
Choose a repayment period you understand.
Learn how tenure changes monthly instalments and total cost.
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Shorter and longer terms involve a trade-off
For the same principal and interest rate, a longer term generally reduces the monthly instalment while increasing total interest. A shorter term can reduce interest but raises the monthly commitment. Compare actual personalised schedules rather than choosing solely by the lowest EMI.
Check early repayment and part-payment terms before accepting. The tenure range in a card is published product information; your available terms may be narrower.