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 If you want to secure a ₹ 3 lakh personal loan it is important to understand the various elements that influence the equated monthly instalments (EMIs). Some of the factors play an important role in the repayment structure and overall financial commitment associated with such a loan. By exploring these influential factors, borrowers can gain insights into how the EMI amount is calculated and how they can strategically manage their financial resources for smoother repayment. Here we will tell you about the impact on EMI for a ₹ 3 lakh personal loan .                                                                            3 Lakh Personal loan  Factors That Influence 3 Lakh Personal Loan EMI Below are some of the factors that influence the 3 lakh personal loan EMI. Credit Score Your ...

 The worst thing about emergencies is that they are unpredictable. Sometimes it is impossible to be prepared for it. We can need large amounts of money at short notice. In situations like these personal loan or personal loan overdraft facility is a great option. But before opting for any of these you should know what is the difference between them so that you can decide which one is best for you. Below we have given a detailed comparison between overdraft facilities and personal loans so that you make the correct decision that can help you in times of emergencies. Personal Loan Overdraft Facility  What is a Personal Loan A personal loan is a type of unsecured loan provided by financial institutions, such as banks or credit unions, to individuals for various personal purposes. Unlike secured loans, personal loans do not require collateral, relying on the borrower's creditworthiness and income to determine eligibility and terms. The borrowed amount is typically repaid in f...

 Today's fast-paced world frequently leads to unexpected financial needs. Many people also encounter financial issues when they are fulfilling their dream, such as purchasing a home, renovating a house, organising a big fat wedding, or planning a vacation. Personal loans is here to help you in such situations. You don’t need do delay that vacation or any of your dreams. With a simple process and minimal documentation, you can apply for a personal loan. The loan amount, interest rate, and loan tenure are the three most important factors to consider when applying for a personal loan. When you are planning to get a personal loan, it is important to take all of these factors into consideration. Here we will focus on the personal loan tenure so that you can make right decision when getting personal loan for 4 lakh . Personal Loan for 4 Lakh  Maximum and Minimum Personal Loan Tenure Different lenders offer personal loan with different loan tenure. LoanTap provides flexibility t...

 A personal loan is an easy solution for immediate cash requirements during uncertainty. Personal loans can come in handy during emergencies but also help you plan a lavish wedding, or vacation, consolidate debts, invest in property, etc. If you intend to avail personal loan for 50000 for any purpose the next question that might pop into your mind is, if you are earning a 50,000 salary per month, how much personal loan can you get? The loan amount depends on the existing financial obligations as well as the present monthly income and credit score. Here we will discuss in detail on how much personal loan you can get on a salary of Rs. 50,000. How To Calculate Loan Amount Against the Salary Your EMI/NMI ratio is influenced by your tenure, interest rate, and net monthly income. In order to enhance your eligibility for a greater personal loan amount, you can either extend the term of your loan or take out a personal loan at a lower rate of interest. However, you cannot change yo...