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Does the EMI amount depend on the loan tenure?

mahindra-finance-author

by Mahindra Finance

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December 14, 2023

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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.

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