India, April 3 -- Personal loans aren't just for handling sudden emergencies. Many meaningful expenses can be planned well in advance too with financing: a wedding, a long-awaited holiday, upgrading your flat, or enrolling in a professional program. These are exciting milestones, but they tend to come with a heavy price tag.

Paying the whole amount at once can strain your finances, even if you have been saving. That's where a personal loan becomes useful. It lets you fund your goals without hampering long-term savings. With the help of a personal loan Equated Monthly Instalment (EMI) calculator, you can clearly see what your month-on-month commitment will look like before taking the step.

When a major lifestyle expense comes up, the fir...