Personal loan or credit card: When should you opt for it?2 min read . Updated: 24 Jun 2021, 07:35 PM IST
- If you have a large expense or purchase to make, for instance, medical bills, vehicle purchase, wedding, home renovation, etc., then there is the option of availing of a personal loan
Credit products like a personal loan and credit cards are unsecured loans which mean, the borrower doesn't have to mortgage their asset but needs a good credit score to avail the loan. In the case of a personal loan or borrowing against a credit card - how do you decide which is the right one for you?
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