Monthly EMI
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Fixed installment for the full tenure
schedule
Shorter tenure saves interest
A higher EMI over fewer years usually costs less in total interest than a long low-EMI plan.
payments
Check affordability first
Keep EMI within a comfortable share of your net monthly income so cash flow stays stable.
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Compare total cost, not just EMI
Two loans with similar EMI can differ a lot in total interest — always look at the full repayment.
savings
Extra payments cut interest
Paying a little extra toward principal early in the tenure reduces the interest paid over the life of the loan.