Shorter or longer repayment period? Here's how to decide what works for your situation.
Loan tenor — the length of time you have to repay — is one of the most important decisions you'll make when borrowing. Grace Moni LTD offers tenors from 1 to 12 months.
A shorter tenor means higher monthly payments but less total interest paid over the life of the loan. This is ideal if you have strong cash flow and want to clear debt quickly.
A longer tenor spreads payments out, reducing your monthly burden. You'll pay more in total interest, but the lower monthly amount can give you breathing room for other expenses.
Consider your income stability, upcoming expenses, and the purpose of the loan. An emergency medical expense might warrant a shorter tenor if you can manage it; a business investment might benefit from a longer one.
Use our calculator to compare scenarios side by side — adjust the tenor slider and watch how monthly payments and total interest change instantly.