Several banks and NBFCs provide the option of a personal loan to customers who are looking to fulfill their financial needs in an urgent way. IndusInd Bank Personal Loan is one of the popular options among customers due to its affordable interest rates. But do you know about the repayment method of a personal loan? Well, it is one of the important things that several people miss to notice. That’s why we are first talking about the concept of EMI? Well, let’s say you borrow some money from IndusInd Bank in the form of a personal loan, you can repay the amount via Equated Monthly Installments (EMI). This amount consists of a portion of both the principal and interest amounts. You must be thinking what must be the reason behind this concept of EMI? Well, lenders introduced this to make the overall repayment process smoother and simpler for individuals. The EMI amount is usually a fixed amount that you will need to clear off every month within a fixed time frame. For example, you took an