In most cases, individuals look for a minimum EMI option considering their comfort and pocket. But sometimes pushing your limits a bit can benefit you in the long run. Choosing a shorter loan tenure can impact your finances. While it may result in slightly higher monthly payments, it will ultimately save you money and time.
Anamika Singh is a Space Planning Manager and journalist based in India. She writes for Dainik Jagran, a leading Hindi newspaper, and her work has also appeared in publications like Magicbricks and Her Zindagi. Anamika's articles cover a range of topics including technology, consumer products, fashion, and lifestyle.