---
title: "Personal loans"  
description: "What if you were told that there is a way out of escaping the monthly EMI burden? That’s impossible? Or is it a gimmick? That means you never heard"  
author: "Trisha sharma"  
published: 2019-07-18  
updated: 2019-07-18  
canonical: https://www.mindstick.com/blog/94366/personal-loans  
category: "finance"  
tags: ["loans for people on benefit", "personal loans"]  
reading_time: 1 minute  

---

# Personal loans

What if you were told that there is a way out of escaping the monthly EMI burden? That’s impossible? Or is it a gimmick?

That means you [never heard](https://answers.mindstick.com/qa/36250/what-is-the-most-interesting-invention-technology-that-most-people-have-never-heard-about) of EMI [Free](https://www.mindstick.com/articles/12963/3-free-things-to-do-in-valletta) Loan.

[As the name](https://www.mindstick.com/forum/34352/the-term-update-database-is-not-recognized-as-the-name-of-a-cmdlet-function) suggests, by availing an EMI Free Loan, one serves only [interest](https://answers.mindstick.com/qa/49696/how-can-write-a-program-in-c-sharp-for-simple-interest) [payments](https://answers.mindstick.com/qa/32097/samsung-has-tied-up-with-which-bank-to-offer-bill-payments-on-samsung-pay) on the loan amount every month. The principal amount remains [constant](https://www.mindstick.com/forum/34714/difference-between-statics-vs-constant-in-c-sharp) until a bullet [payment](https://yourviews.mindstick.com/view/81345/full-payment-in-corona-lockdown-matter-sc-puts-employers-employees-on-hold) is made every [six months](https://www.mindstick.com/blog/11970/how-to-become-a-successful-blockchain-developer-in-just-six-months). Each bullet payment reduces the total outstanding loan amount. Thus, the subsequent interest charges are lower.

https://loantap.in/blog/why-emi-free-loan-from-loantap-is-better-than-regular-personal-loan-by-a-bank/

---

Original Source: https://www.mindstick.com/blog/94366/personal-loans

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