New Delhi, Feb. 10 -- If you are taking a personal loan, all you are worried about is its repayment. It is vital to remember that a personal loan's EMI hinges on two key factors: loan tenure and rate of interest.

These two factors determine the loan EMI in the following ways:

Rate of interest: The higher the rate of interest, the larger the loan instalment. And lower the interest, the smaller the instalment.

Loan Tenure: Loan tenure and amount of loan are inversely proportional to each other. The longer the loan tenure, the smaller the EMI, and the shorter the loan tenure, the bigger the monthly instalment.

Now, let us suppose your loan amount is Rs.10 lakh, how much would be the loan EMI on it?

Suppose the interest on personal loan ...