India, Jan. 9 -- When you plan a personal loan, understanding how interest works is just as important as knowing the loan amount. Many people look only at the EMI and ignore how interest is calculated in the background. This is where tools like a simple interest calculator come into play. In the first stage of planning, such calculators help you estimate repayment and avoid confusion later. Choosing the right calculator makes personal loan decisions clearer and more practical.

Interest calculation may sound technical, but it does not have to be complicated. Once you understand the difference between simple and compound interest, you can choose the calculator that suits your borrowing needs best.

A simple interest calculator calculates i...