What is Personal Loan EMI? Personal Loan EMI is the amount payable every month until the end of the loan repayment tenure. The EMI amount includes both the principal and interest component of the ...

Also Check: Which bank is the best for personal loans? What are the charges applicable on missing your personal loan EMI(s)? On missing your personal loan EMI(s) payments, you might have to pay these ...

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These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula ...