New Delhi, June 16 -- In emergencies, expected needs, or life changing events, a personal loan can be a lifesaver. The real challenge is having a plan to track repayments efficiently and on time, after you receive your money. Poor personal loan management can lead to financial stress accumulation, credit score drops, and growing debt.

Here are some easy to implement strategies, backed by experts, that can help you manage your loan payments, and have a payment experience with more peace of mind.

Before you move forward; make sure you understand the detailed structure of your EMI. Know your:

Sticking to using the online loan tracker or EMI calculator from your lender will help to avoid surprises and best prepare for your budget each mont...