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Home > Videos > Credit Card vs Personal Loan - Should I Get A Credit Card Or A Personal Loan? | IndianMoney.com

Credit Card vs Personal Loan - Should I Get A Credit Card Or A Personal Loan? | IndianMoney.com

 

Credit cards basically are buy now and pay later. With a credit card, you can go cashless while shopping. Personal loans are unsecured loans and are usually availed to fulfill; current financial requirements or emergency needs.

 

The speaker in this video covers the merits and demerits of a credit card. When used properly, credit cards are of great use. If you default on your credit card payments, your credit score is likely to be impacted. The speaker helps you understand the advantages and disadvantages of a personal loan as well.

 

Personal loans are easy to avail compared to home loans and other long-term loans. They are offered at a higher interest rate, when you do not have a good credit score. If you understand the pros and cons of each product, you can make the right decisions.

 
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