Personal Loan

[Prisha]

I need a ₹10 lakh loan to expand my café. If I am unable to secure a business loan, could a personal loan be a viable option? How can I calculate and ensure manageable EMIs for such a loan?

[Reema]

For your business, a business loan is ideal; however, a personal loan can also be an option, although it may have a potentially higher interest rate.
The online EMI calculator is used to calculate the manageable EMIs. Try to choose the EMI that doesn't exceed 45-55% of your income.

[vikas]

Hii,
I am starting my own business, for which I need a loan of ₹20 lakh. Are there any EMI planning tools or strategies I can use before applying for a ₹20 lakh personal loan for business use?

[Ankita]

Use online EMI calculators (such as HDFC, BankBazaar, or Groww) to check your monthly repayment based on the tenure and interest rate. Keep your total EMI within 30–40% of your monthly income for better cash flow. Compare loan offers from multiple banks and NBFCs for the best interest rates