Choosing between a credit card vs personal loan depends on how much you need, how long you’ll take to repay, and what it costs. Credit cards in India carry some of the highest interest rates globally, 30% to 45% p.a. A personal loan almost always costs less for amounts held beyond the interest-free period. Here’s the full breakdown. <\/p>\n\n\n\n
Quick Answer:<\/strong> For large expenses above \u20b950,000 or debt consolidation, a personal loan is cheaper (12\u201324% p.a. vs credit card’s 30\u201345% p.a.). For small purchases you repay within the billing cycle, a credit card is more convenient. FatakPay personal loans<\/strong><\/a> disburse in 7 minutes. <\/p>\n\n\n\n