There are many factors that could affect your personal loan EMIs. Let's walk through few the important key pointers: CIBIL Score: Yep! You heard it right, credit score affects your EMI amount. Then there are chances that you may receive a personal loan at lower interest rates if your credit score is above 750 which is considered as higher. And if the interest rate applied to your loan amount is low, then automatically the EMI amount to be repaid will be low. If your credit score is on the lower side, then a higher interest rate would be applied to your loan amount causing your EMI amount to increase. Loan Amount & Repayment Terms: Higher loan amounts will attract higher EMI amounts. Whereas if you choose for a longer term of repayment, the EMI to be paid would be much shorter. You may find this as a better option as the EMI amount is much lesser but hold on! Here's the catch, the interest amount you would have paid over the time period would have definitely been much higher or maybe subsequently to the overall amount being repaid! Hence, it is advisable to opt for a shorter repayment term. Age: The older you get, especially closer to retirement age, greater will be the risk of being in the default list of loan providers, it could be due to uncertainty of your income. Hence, people above a certain age group, especially those who are retired or closer to being retired, find it difficult to avail loans. Even if they do, it will be mostly on unfavorable terms. Existing debt: Technically looking having an existing debt is an issue, but having too many loans running simultaneously, especially unsecured loans could cause a problem for you. Loan providers will perceive this as a risk and can be hesitant towards lending you a loan. Adding to this, delayed payments could also pose a risk for loan providers. Employment: Loan requestors who have a steady income source like salaried professionals, etc are usually at low risks, than those who do not have steady income like self-employed individuals. Hence, steady income individuals have higher chances of receiving a low interest rate on their loan amount which directly makes your EMI amount to be lesser.