What are the EMI Options Available on Personal Loan?

Standard EMI

The standard EMI option under personal loans is one in which you get the freedom to pay off your principal loan amount inclusive of interest consistently on a monthly basis. Here, the interest is charged on the total principal amount that was borrowed.



Flexi Interest-Only Loan EMI



A flexi interest-only EMI option offers a pre-approved cash limit that can be withdrawn as and when you are in need of funds. Here, the interest will be charged only on the amount used and not on the total principal amount borrowed.



Step-Up Flexi Loan EMI



A step-up flexi EMI option in personal loan is one which offers greater flexibility. Under this plan, you can pay lower EMIs in the beginning and pay more gradually as your salary hikes.



To understand the repayment options available to you, visit our Personal Loan EMI options page

