By Admin 
With the arrival of credit card, it has become very easy for people to pay in the necessary time. At the end of the month, he is also given full time to pay the money. Not only this, if you spend money with a credit card, then you also have EMI facility, meaning if you spend more money, which cannot be repaid in the month, then it can be converted to EMI. However, processing fees and interest rates are charged along with GST. But it becomes easier for you to repay.
On the other hand, if you take a personal loan, then it takes some time from the bank to take it, until its process is complete. Then he can pay a certain EMI every month and pay the money. In the midst of all this, let’s try to know which option can be better for you.
which better option?
The first thing is that whether you take a loan from a credit card or personal low, both come in the category of unseeded loans. This is to say that if you want an unsecured loan, then you will be able to make a credit score only by taking a loan of both categories.
The second thing is that for small expenses, instead of personal loan, the credit card is the best option. But if there is a big expenditure, then a better option for that can be a personal loan.
Another thing that is to keep in mind, these are different points and charges on the credit card of each bank. In such a situation, you have to decide for yourself which option is better for you.
understand work
Both have their own different benefits, it has to be seen how you are using it. If you book a train, plane or hotel room, then you are given some certain points on spending with a credit card. In this, cashbacks are also given on credit cards. But when a big expenditure is needed, a personal loan can be a better option for you, where you get time to repay at a certain interest rate.