Introduction Selecting the best personal loan requires careful comparison of multiple factors. Borrowers should evaluate interest rates, loan tenure, fees, and repayment flexibility to make an informed choice. A strategic approach helps minimize costs, avoid surprises, and ensures the loan fits seamlessly into your financial planning. Compare Interest Rates Fixed vs Floating Rates Understand which rate type aligns with your financial situation. Annual Percentage Rate (APR) Consider the total interest and fees, not just the nominal rate. Promotional Rates Check for introductory offers and how they change over time. Evaluate Loan Tenure Short vs Long Term Shorter tenures increase EMIs but reduce interest costs; longer tenures lower EMIs but increase…