Personal Loan or cc top up?

[Dr. Drake]

I'm looking at personal loan. However I have few top-up loan offers from credit card with 14% zero processing fee but with 4% foreclosure fee. What should I opt for? Any experiences any suggestion, any inputs appreciated?

 

[Souvik]

I'm looking at personal loan. However I have few top-up loan offers from credit card with 14% zero processing fee but with 4% foreclosure fee. What should I opt for? Any experiences any suggestion, any inputs appreciated?

Personal loans often bear high rates of interest, hence its better to avoid them. I think credit cards based loans would be more in terms of interest.

Try borrowing from friends, family etc. or try for a home loan/education loan which has considerably less interest rates.

 

[Card noob]

Home loan without a home? How?

 

[karanssh]

I'm looking at personal loan. However I have few top-up loan offers from credit card with 14% zero processing fee but with 4% foreclosure fee. What should I opt for? Any experiences any suggestion, any inputs appreciated?

rule of thumb is cc loans are most expensive. personal loans are cheaper than cc loans. If you really need a loan and cant get it against gold or something go for personal loan

 

[Vaastav]

While Taking Personal Loan Always Check Whether it is Reducing Interest rate or Flat Rate. Always Opt for Reducing Interest one as it makes a lot of difference on the final amount you end up paying.

 

[CC-Muncher]

Whichever is cheaper, go for it