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If you are a present borrower of an instant  personal loan , one question which must have definitely come across your mind is, should you foreclose your urgent   personal loan ? While the answer to this question might sound as simple as checking the amount of funds available in your account, in reality, there are a lot many things you need to consider before going ahead with this decision, and in today’s article, we will discuss exactly that. What Is Foreclosing? Before we dive into the various aspects, you should coherently consider before foreclosing your personal loan , one of the most important things we need to understand is the meaning of foreclosing. In simple terms, foreclosing can be understood as a process wherein you request the lender to grant you permission for paying off the remaining loan amount along with interest, although the total tenure of the loan has not yet been completed. Generally, most lending instruments available in the market these days allow foreclos

If you have been considering getting a instant  personal loan for some time now, one question which must have definitely crossed your mind is how will my personal loan EMI be calculated? At first glance, answering this question might appear to be as simple as relying on the lender to extend you an EMI offer and you simply accepting it. However, the actual mechanics behind this calculation are a little different and equally important to understand. Thus, in today’s article, we will share with you the inside workings behind the calculation of your personal loan EMI and the subsequent loan amortization schedule, thus empowering you with the ability to do it yourself. Without further ado, let’s get started. How Is Your Personal Loan EMI Calculated? To understand the calculation of your urgent personal loan EMI calculation, one of the first and most important aspects we need to grasp are the various factors which affect it. While there can be a number of them, the most significant