For Lender 2<\/strong><\/p>\n\n\n\nThe loan amount is INR 6 Lakh and the interest rate is 17.00% per annum. And here, he gets a six-year tenure. As per the calculations of the EMI tool, Karan\u2019s EMI will be INR 13,348 and the total interest will be INR 3,61,033.<\/p>\n\n\n\n
So despite the longer tenure, Kartan chooses the Lender One by doing the personal loan comparison. Lender 1 offers more loan amount and the interest payout isn\u2019t also high. Whereas total interest charged by Lender 2 is half the principal amount.<\/p>\n","protected":false},"excerpt":{"rendered":"
If you\u2019re looking to apply for a personal loan, do compare the offers of lenders. Many lenders provide personal loans these days. And it is hard to find a great deal among them if you are new to loans. So, do a personal loan comparison and find out whose offer is better in terms of […]<\/p>\n","protected":false},"author":9,"featured_media":3546,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[626,625],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/mazingus.com\/wp-content\/uploads\/2022\/04\/personal-loana.jpg","_links":{"self":[{"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/posts\/3545"}],"collection":[{"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/comments?post=3545"}],"version-history":[{"count":1,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/posts\/3545\/revisions"}],"predecessor-version":[{"id":3547,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/posts\/3545\/revisions\/3547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/media\/3546"}],"wp:attachment":[{"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/media?parent=3545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/categories?post=3545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mazingus.com\/wp-json\/wp\/v2\/tags?post=3545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}