A collateral-free personal loan, when managed judiciously, is a great option for availing oneself of extra cash. It could be for various personal reasons, such as financing a wedding, home improvements or remodelling, moving from one city to another, paying medical bills, and debt consolidation. But while applying for a personal loan and procuring one is a fairly simple process, managing the monthly repayment – especially when you may find yourself financially hard-pressed in these pandemic-ridden times – is no mean task. You may inadvertently miss paying an EMI, which could, unfortunately, lead to a decrease in your credit score. If you are planning on applying for a personal loan or are having a difficult time paying your monthly EMIs, here are three useful tips for strategising and ensuring timely payments on your personal loan: