What is the loan term for a Repair/Top-Up Loan?

The loan term for a Repair/Top-Up Loan typically ranges from 12 to 60 months, depending on the loan amount and the financial institution’s policy:

• Short-Term Loans: Tenures of 12 to 24 months are suitable for smaller loans or borrowers who want to repay quickly.
• Longer Terms: Tenures of up to 60 months offer lower monthly EMIs but may increase the total interest paid over the loan term.
  Choose a loan tenure that balances affordable EMIs with the overall cost of the loan.