Personal Loans Vs. Credit Cards: The Actual Difference

Personal Loans Vs. Credit Cards

With the rapidly growing credit market and easy access to digitalization, many individuals who are new to credit started borrowing loans to fulfil their financial needs.  When applying for a loan, you may often get confused about choosing between a personal loan and a credit card. Both offer loans to cover the cash crunch during emergencies. However, your loan choice depends on the purpose, requirements, and repayment capacity. In this article, let us understand what a personal loan and credit card are and the differences. What is a Personal Loan?…

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