Verified 6 Aug
Ramya Agarwal
Asked 7 Jun 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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A Mastercard premium tier card.
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A Mastercard basic card.
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