Personal Loan vs Credit Card Loan: Which Is Cheaper?

The quick answer For larger amounts and longer tenures, a personal loan is usually cheaper. For very short-term needs you can repay in 1–2 months, a card may be fine.

Interest rates compared Personal loans typically run 10.5–24% p.a. Credit card revolving interest can effectively reach 36–42% p.a. — far higher.

When a personal loan wins - Amounts above ₹1 lakh - Repayment over 12+ months - You want a fixed EMI and clear end date

When a card makes sense - Small, short-term gaps you'll clear next month - You have a 0% EMI offer from the merchant

Use the EMI calculator Before deciding, run both scenarios through our EMI calculator to see the real total interest.