RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Definitions   Penal interest Plinth area Point Of Sale (POS) Power of attorney Pre-EMI Prime Lending Rate (PLR) Principal Processing Date Property tax Recurring Billing Refinance Charge Refinancing Repayment Repayment Holiday Repo rate Rest Reverse Mortgage Sale deed Stamp duty Statutory Liquidity Ratio (SLR) Stored-value Card Surcharge Tenure of the Loan Variable Interest Rate Tenure of the Loan Tenure is the period or duration for which the loan amount is sanctioned. Personal loans, car loans, education loans have shorter tenures as compared to home loans. Some banks and financial instutitutions extend the loan tenure for an extra fee or a slight increase in interest rates.