To be honest, only the lender can give you the exact answer to your query, “can I get personal loan for 10 years or not?" This is because most banks allow a maximum tenure of 7 years for personal loans, but yes, some banks extend it to 10 years. Hence, based on your eligibility, loan amount, income stability and others, the lender will decide whether to approve your personal loan for 10 years or not.
Can You Get a 10 Year Personal Loan?
Getting a personal loan for 10 years will not be that easy, as most lenders cap personal loan terms at 7 years. Usually, those longer loan terms are reserved for things like home or education loans where collateral is involved. Based on the borrower’s
Loan amount
The purpose of taking the loan
Income stability
Credit Score and other factors, 10-year loan will be granted.
If you are able to fulfil the lender’s criteria, you might be granted a 10-year personal loan. I hope this has answered your query: Can I get a 10 year personal loan?
What is the Highest Tenure of Personal Loan?
The highest tenure for a personal loan is 7 years, but as I said, it can be extended to 10 years or even more in certain cases.
Get Personal Loan up to Rs 10 Lakhs with Ease via NB InstaCashRead More:
How to Get 10 Lakh Personal Loan?
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Authors Of The Question
Can I Get Personal Loan for 10 Years?
RaviVerma89
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1 Answers
51 days
2024-10-30T19:41:28+00:00 2024-10-30T19:41:31+00:00Comment
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