New Delhi, May 21 -- When you apply for a personal loan, one of the key decisions that you must take is to ascertain the loan instalment. Typically, loan EMI is a function of multiple factors which include the loan tenure and rate of interest.

As a new borrower, if you are still busy shopping for the right loan and are not sure as to which loan provider and which combination will give the most optimum deal to you -- it is recommended to use apersonal loan EMI calculator. A calculator gives you the right calculation of monthly instalment based on different inputs entered. You can access the Livemint EMI calculatorhere.

A.Loan amount: Naturally, theloan EMI is dependent on the amount of loan. It is directly proportional to the loan amount...