The time period within which the Personal Loan is to be paid back, is termed as
the Personal loan tenure.
Not exact matches
Tenured teachers have the greatest level of job security, and have an advantage in obtaining the lowest
personal loan interest rates.
Tenured educators and those with top - notch risk scores earn the lowest interest rates on
personal loans.
Obtaining a
personal loan from IndusInd Bank provides you with a
tenure option of 1 - 5 years.
The
personal loan has to either be prepaid in full or serviced for the contracted
tenure.
Tenure»
Tenure» is the total period for which the
personal loan amount is dispensed.
If your
Personal Loan with the External Bank has been granted for
tenure of 36 months, applying for
tenure of 48 or 60 months will further reduce your EMI.
When applying for a Balance Transfer of your
personal loan to HDFC Bank the
tenure of your
personal loan can be reworked to suit your ability to pay back the
loan.
If the payment of the EMI is not affordable then it is best to apply for Balance Transfer of your
personal loan for a longer
tenure.
The
tenure for which Capital First will issue the
personal loan is from 12 months to 60 months.
Pre-Closure Penalty — Is the penalty the bank may apply towards the closure of the
personal loan before the stipulated
tenure
So it is a good idea to take a Balance Transfer of your
personal loan at least once during the
tenure for the following reasons;
With flexible repayment
tenure and swift pay - out, it is one of the smartest ways to reduce
personal loan burden and improve your credit rating.
Tenure:
Tenure is the time frame for the
personal loan payments to be paid back to the bank; it ranges from 1 year to 5 years.
If a
personal loan holder wants to return the
loan amount borrowed from a Bank or a financial institution before the completion of the
loan tenure it is called a pre closure.
The payment of the
personal loan is by deduction through ECS from the salary account on a fixed date for the entire
tenure.
A Balance transfer can be availed at any time during the
tenure of a
Personal Loan, the terms & conditions for the pre closure being fulfilled.
Henceforth the EMI is debited at a fixed date month on month for the
Tenure of the
Personal Loan.
The
tenure is the duration for the pay back of the
Personal Loan.
Customers should seek a Balance transfer early in the
tenure to gain the most, taking a Balance transfer once during the
tenure should be considered, the reason for Balance transfer of the
Personal Loan can be any of the following;
Penalty charges for closure of your
Personal Loan before the
tenure expires vary according to the stipulated policy of the Lending Banks & can range from nil up to 6 %.
After the successful balance transfer of your
personal loan, an applicant can choose apply for a different
tenure.
With the reduced rate of Interest If the applicant can now afford to pay back the
Loan with in a shorter period by choosing a shorter
Tenure, or extend the tenure up to 60 months for repayment of the Personal
Tenure, or extend the
tenure up to 60 months for repayment of the Personal
tenure up to 60 months for repayment of the
Personal Loan.
Having positive credit score, by paying credit card bills within bill period and choosing the longer
tenure loan up to 60 months would improves the eligibility factor for attaining
personal loans from Axis bank.
Well, the maximum
tenure for a
personal loan is 5 years while a top up
loan's
tenure could go up to the remaining
tenure of the
personal loan.
Usually, maximum
tenure is about 5 years and the top - up
loan facility is offered only after a few years of your already existing
personal loan giving a fair record of repayment history, no pending or defaults down the years and this also increases your
loan eligibility.
The
tenure for HDFC
personal loan varies from one year to five years.
While the maximum age till which the applicant should complete the
Tenure of the
Personal Loan availed is 60 years.
Also, it acts as a protection against
loan / liabilities for the desired
loan tenure, which is ideal in case you have home or vehicle or
personal loans.