India, Aug. 27 -- The EMI you can comfortably manage each month is not only dependent on the salary credited to your account. Two people earning the same amount may have very different financial commitments, depending on their existing loans, household expenses, and other regular obligations.

Therefore, if you are considering a personal loan, it helps to first understand your overall eligibility and then work out how the repayment would fit into your monthly budget. A personal loan EMI calculator can help you compare different loan amounts, interest rates, and tenures before you make a decision. This article looks at what people with different income levels should consider when planning an EMI.

Before deciding how much of your salary ca...