Can You Really Change Your Loan Tenure After Approval?
Yes, in some cases, you can change your loan tenure even after approval — but it depends on your lender's policy and the stage of your loan (pre-disbursal vs. post-disbursal).
Let’s break it down.
What Is Loan Tenure?
Loan tenure is the duration over which you repay your loan through EMIs. It directly affects your:
EMI amount
Total interest payable
Financial flexibility
When You Can Change Loan Tenure
1. Before Loan Disbursal
Easiest time to change the tenure.
Just request the lender or your loan manager (like Vizzve Finance) to update it before the funds are released.
2. After Loan Disbursal
More complex. You can’t directly change tenure, but you can:
Request EMI rescheduling (with revised tenure)
Apply for a loan restructuring
Refinance the loan via a balance transfer to another lender with a different tenure
Factors That Affect Approval of Tenure Change
Current repayment record
Credit score
Bank/lender policy
Type of loan (home loan tenure changes are more flexible than personal loans)
Vizzve Finance Pro Tips
✅ Decide your preferred tenure before final disbursal
✅ Use our loan calculator to compare EMI vs. tenure trade-offs
✅ For post-disbursal changes, we’ll help negotiate with the lender or suggest refinancing options
With Vizzve, you stay in control — even after your loan is approved.
Final Takeaway
You can change your loan tenure after approval — especially before disbursal. After disbursal, options are limited but still possible through restructuring or balance transfers.
Vizzve Finance helps you explore the best route, ensuring your loan fits your budget — today and tomorrow.
Frequently Asked Questions (FAQs)
Q1. Can I reduce my loan tenure after approval?
Yes, if it's before disbursal. After that, only through restructuring or refinancing.
Q2. Will changing tenure affect my EMI?
Yes. A longer tenure reduces EMI but increases interest, and vice versa.
Q3. Can I increase my tenure mid-loan?
Some lenders allow this under financial stress. Vizzve can help you apply for tenure extension or restructuring.
Q4. Does tenure change impact my credit score?
Not directly, but consistent EMI payments (new or old) will help maintain your score.
Q5. Can Vizzve assist in tenure-related changes?
Absolutely! From pre-approval adjustments to post-loan restructuring, we’ll handle the lender coordination for you.
Published on : 22nd July
Published by : SMITA
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