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Need quick funds but unsure whether to choose a personal loan or swipe your credit card? Both are useful, but choosing the right one depends on your need, repayment ability, and the urgency of the expense. At Vizzve Finance, we help you understand the pros, cons, and best-use cases for each — so you can make smart, stress-free financial decisions.
✅ What Is a Personal Loan?
A personal loan is a lump sum borrowed from a lender with a fixed repayment schedule (EMIs), usually without collateral.
Key Features:
Fixed tenure (6 months to 5 years)
Interest rates: 10%–24% p.a.
Ideal for planned expenses (weddings, education, medical emergencies)
✅ What Is a Credit Card Loan?
A credit card loan refers to either revolving credit (your unpaid card balance) or a pre-approved loan on your card’s limit.
Key Features:
High interest (30%–42% p.a.) if unpaid in full
Instant availability
Suitable for short-term or small-ticket expenses
⚖️ Comparison: Personal Loan vs Credit Card Loan
| Factor | Personal Loan | Credit Card Loan |
|---|---|---|
| Loan Amount | ₹50,000 to ₹25 Lakhs | Based on credit card limit |
| Interest Rate | 10%–24% p.a. | 30%–42% p.a. (if not paid on time) |
| Repayment | EMIs over fixed tenure | Full payment or minimum due monthly |
| Disbursal Time | 24–48 hours (instant with Vizzve) | Instant (if eligible) |
| Collateral | Not required | Not required |
| Best For | Large planned expenses | Urgent, short-term expenses |
💡 When to Choose a Personal Loan
✔️ When you need a larger amount
✔️ When the expense is planned (wedding, education, renovation)
✔️ When you want predictable EMIs and lower interest
✔️ When you don’t want to max out your credit card
👉 Vizzve offers instant personal loans with minimal paperwork and flexible repayment options.
💡 When to Use a Credit Card Loan
✔️ For urgent, small-ticket needs
✔️ When you can repay the amount quickly (within 30–45 days)
✔️ For online shopping, travel booking, or sudden bills
✔️ If you're eligible for EMI conversion on credit card transactions
Caution: Always repay on time. Interest and penalties accumulate fast.
🔍 Vizzve Finance Pro Tip: Combine Both Wisely
Use credit card for small and repayable purchases
Use personal loan for high-ticket, long-term needs
Don’t max out both — it hurts your CIBIL score
Compare your total repayment using Vizzve’s Loan Calculator
🧠 FAQs
Q1. Is a personal loan better than a credit card loan?
Yes, for bigger amounts and longer tenures, personal loans have lower interest rates and structured EMIs.
Q2. Will taking both affect my CIBIL score?
Yes. Any credit usage impacts your score. Regular, timely repayment boosts your score; late payments hurt it.
Q3. Can I convert a credit card bill into EMIs?
Yes, most banks offer EMI conversion if the transaction meets minimum criteria. Interest still applies.
Q4. Is it safe to take a loan from Vizzve Finance?
Absolutely. Vizzve is a trusted fintech platform, offering secure, RBI-compliant personal loan services with transparent terms.
published on 2nd july
Publisher : SMITA
www.vizzve.com || www.vizzveservices.com
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.