Guwahati, July 1 -- Applying for a personal loan is one of the most practical and popular financial solutions when you need to manage planned expenses, emergencies, education costs, travel, home renovations, or debt consolidation. While in the process, where choosing the loan amount is essential, opting for the right repayment plan is equally important. They directly affect your monthly EMI, total interest rate charges and overall financial comfort.

And this is where applicants get confused: whether to choose a long-term or short-term repayment tenure. Borrowers can reduce interest costs by choosing a shorter tenure and get a personal loan with low EMI, if they choose a longer repayment period. This article will help you understand the d...