How is interest charged on my personal loan?

Depends of the type of your loan. With fix rate you'll pay a fix amount per month along the time of the loan.

Very useful information sharing about personal loan.

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With fix rate you'll pay a fix ammount every month alond the perioad of the loan.

Yes, The interest rate for your personal loan will vary from lender to lender. Equitymaster gives the detailed interest analysis. Visit

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It depends on the lender and the type of loan.

Depends of the type of your loan, With variable rate it's pèossible to pay more in a certain months or less, depends on the inflation and other financial factors. With fix rate you'll pay a fix ammount every month alond the perioad of the loan.

The interest rate for your personal loan will vary from lender to lender, and is affected by factors such as the cash rate set by the Reserve Bank of India, the cost of funds (which determines the prevailing market interest rate), your loan type (whether it’s a fixed or variable rate structure) and the term of your loan.