Credit card EMI vs personal loan — which is cheaper?
Vaishnavi Phadke
Asked 16 Jun 2026
8
I need to finance a purchase of ₹2,00,000. Should I convert the transaction to credit card EMI or take a personal loan? Which is actually cheaper after all charges?
1 Answer
Accepted
13
Ananya Bose·19 May 2026
On the annual fee — most premium cards waive it if you spend ₹1.5L to ₹3L in the previous year. Wallet loads (Paytm, Amazon Pay balance) usually DON'T count. But utilities, fuel, and grocery do. Spend pattern matters more than absolute number.
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