Credit card EMI vs personal loan — which is cheaper?
Aishwarya Koley
Asked 16 Apr 2026
5
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
9
Rajarajeshwari Chouhan·30 Apr 2026
Short answer: no, EMI on credit card is not cheaper than a personal loan for large amounts (>₹50,000). The processing fee (~₹199-₹599) plus the interest (~14-16% reducing) usually adds up to slightly more than a personal loan rate of 11-13%. But for small-ticket EMI (₹10-20K), it is fine.
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