New Delhi, Feb. 13 -- A personal loan comes handy when you are in urgent need of money. Let us suppose, you need funds fororganising a wedding or for home renovation, or there is tuition to be paid for your ward who is studying in a boarding school and your financial situation is slightly bad. In such scenarios and more, all you can do is to raise apersonal loan.

Notably, a personal loan is an unsecured loan and therefore, it has ahigher rate of interest. Usually, banks charge anywhere between 11-18 percent per annum on personal loans.

But have you ever realised that a small difference in the interest rates can bring down the EMI amount considerably.

Here, we showcase how a small difference in personal loan - say 1 per cent - can reduc...