3. Check the tenure of the personal loan
Saturday, January 13, 2018, 9:24 PM
Personal loan repayment tenure offered by the lenders varies from 1 year to 5 years. Some lenders even offer a longer tenure of 7 years. If you are looking for lower EMIs, then you should go for a higher tenure. If you want to pay off your loan quickly, then you should opt for a shorter tenure.