Bank EMI vs Credit Card EMI
Compare personal loan or bank EMI against converting credit card outstanding to EMI.
| Factor | Bank / Personal EMI | Credit Card EMI |
|---|---|---|
| Interest rate | 10–16% typical | 15–24% typical |
| Processing | Low to moderate fees | Often hidden in rate |
| Credit score impact | Installment loan | High utilisation risk |
Verdict: Prefer a personal or bank loan over credit card EMI for large purchases — rates are usually 5–10% lower.
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