Credit Cards

Auto Loans

Home Loans

Personal Loan

Fixed Deposits

Savings Accounts

Education Loans

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 payment penalty Pre-EMI Prime Lending Rate (PLR) Principal Processing Date Property tax Quantitative Analysis Quarterlies Quick assets Recession Recurring Billing Refinance Charge Refinancing Repayment Repayment Holiday Repo rate Rest Reverse Mortgage Sale deed Simple Interest Stamp duty Statutory Liquidity Ratio (SLR) Stored-value Card Surcharge Tenure of the Loan Time deposit Unsecured 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.