New Delhi, Feb. 24 -- If you are planning to raise apersonal loan and unsure of being able to repay it in the shortest time possible, then it is recommended to use apersonal loan EMI calculator.

There are three inputs which you require for using an EMI calculator. These inputs are loan amount,rate of interest and the tenure of loan.

The final output that you receive is the monthly instalment of the loan. And this output is dependent on these three variables. This means as you tweak these inputs, your monthly instalment will change accordingly.

Let us understand this with the help of an illustration. Suppose you want to take a personal loan of Rs.5 lakh on which interest rate is 11 percent per annum.

Initially, your loan agent recommen...