login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
|

Does the EMI amount depend on the loan tenure?

mahindra-finance-author

by Mahindra Finance

|

December 14, 2023

|

1 mins read

Although the EMIs are greater with a shorter term, you will pay less interest and pay off the loan sooner. On the other hand, if you choose a longer term, your EMIs amount would be lower, but your interest payment will rise. For calculating the EMI for your desired tenure, use the Mahindra Finance Car Loan EMI calculator.

Related articles

Financing-Your-Dream-Home-Loan-For-Resale-Flats

Home Loan For Resale Flats: Financing Your Dream

Owning a home is a dream shared by many Indians, and purchasing a resale flat can be an excellent way to turn that dream into reality. However, most of us require financial assistance in the form of a...

KNOW MORE

July 1, 2024

Can Sole Proprietors Get A Business Loan?

Are you dreaming of starting your own business? As a sole proprietor in India, you may have concerns about financing your venture. But worry not! This article will explore how to get business loans in...

KNOW MORE

April 10, 2024

Car loan fixed vs floating interest rate – Meaning and benefits

Planning to buy a car? Understanding the loan terms is crucial to make an informed choice. When you apply for a car loan, you’ll come across terms like fixed interest rate loans and floating int...

KNOW MORE

April 17, 2024