Home Loan Tenure Selection: Impact on Costs and Repayment

When you get a home loan, you choose how long you'll take to pay it back, which affects how much you pay each month and in total interest.

A longer time means smaller payments now, but you'll pay more overall.

A shorter time means bigger payments, but you'll pay less in the long run.

Think about how much money you make and what other debts you have before deciding.

It's best to pick a loan term that you can comfortably afford so you can own a home without too much financial stress.