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Personal Loan EMI Calculator: How to Use It Correctly
Financial Desk
Personal Loan EMI Calculator: How to Use It Correctly
Personal loans are fast to get and easy to misuse. EMI calculators prevent regret later.
Steps to Use an EMI Calculator
- Enter loan amount
- Enter interest rate
- Select repayment months
- View EMI instantly
Why It’s Important
- Reveals true cost of loan
- Helps compare banks
- Prevents hidden surprises
Example Mistake
Many people accept loans with “low EMI” but long tenure — ending up paying double the interest.
Final Thoughts
If you can’t calculate it, don’t sign it.