New Delhi, July 30 -- At the time of taking out a personal loan, it is important for borrowers to streamline their finances by using a personal loan EMI calculator. Those who are not aware, a personal loan EMI calculator uses three variables before revealing the figure of the monthly instalment.

The three variables that one needs to enter in an EMI calculator are loan amount, loan tenure and therate of interest.

I.Loan amount: The first variable that determines the loan EMI is the loan amount. The higher the loan amount, the higher the EMI and the lower the loan amount, the lower the monthly instalment.

II.Loan tenure: The second factor that needs to be entered in thepersonal loan EMI calculator is the loan tenure. The longer the loan ...