Personal Loan Repayment: Master Debt with EMI Calculator & Interest Rate Insights

• Personal loans offer quick funds for various needs like weddings, home renovations, or medical emergencies.
• A loan repayment schedule is a crucial blueprint detailing EMIs, interest rates, due dates, and outstanding amounts.
• Understanding your repayment schedule helps with budgeting, saves on interest through additional payments, and avoids late fees.
• Example: A ₹1,00,000 loan at 10% for 12 months results in a total payment of ₹1,05,499 with monthly EMIs of ₹8,792.
• Manage repayment effectively by activating auto-debit, prepaying when possible, borrowing only what's necessary, and regularly checking statements.