India, Dec. 22 -- justify;">A personal loan can be a practical way to manage major expenses, whether it's medical treatment, home renovation, education fees or consolidating existing debt. But before applying, it's essential to understand how the monthly instalments will impact your budget.

A personal loan EMI calculator makes that process simpler by helping you plan in advance, assess affordability and avoid potential strain later. It ensures you apply for a loan with greater clarity rather than uncertainty.

What Is a Personal Loan EMI Calculator?

A personal loan EMI calculator is an online tool that shows how much EMI (Equated Monthly Instalment) you'll pay every month based on:

* Loan amount

* Interest rate

* Tenure (loan duratio...