Key Points
Although a personal loan can be a useful financial instrument, it is wise to plan your monthly EMI payments ahead..
Getting a personal loan can be a convenient way to cover your financial needs..
An important consideration when determining your personal loan EMIs is the interest rate charged by the lender..
To do this, you must evaluate the personal loan interest rates being offered by different lenders and choose the lowest one available to you..
To calculate an exact estimate of your monthly instalments, this tool takes into consideration the loan amount, interest rate, and personal loantenure..
