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- In banking, tenor refers to the length of time until a financial contract expires and is often used interchangeably with the term “maturity”1. Tenure, on the other hand, refers to the length of time that will be taken by the borrower to repay the loan along with the interest23. Loan tenure varies from one financial institution to the other, but in general, can range from 1 month to 25 years3. The bank decides on the tenure after considering various factors3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Tenor in lending refers to the length of time until a financial contract expires and is often used interchangeably with the term “maturity.” It's essential to understand how tenor in lending works since it can change the loan terms. For instance, short-term loans often come with more flexible loan terms and lower interest rates.www.thebalancemoney.com/what-is-tenor-in-lendin…Tenor, in regards to banking, refers to the length of time that will be taken by the borrower to repay the loan along with the interest. Generally, a home loan tenure may be from 5–20 years with some banks allowing up to 25 yearswww.investopedia.com/terms/t/tenor.aspLoan tenure is the duration it takes for borrowers to pay back a loan and interest. In simple terms, it’s the loan repayment period. Loan tenure varies from one financial institution to the other, but in general, can range from 1 month to 25 years. The bank decides on the tenure after considering various factors.www.singsaver.com.sg/blog/loan-tenure-singapore
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