Personal loans vs credit cards: How to choose between the two?

Personal loans vs credit cards: How to choose between the two?

Credit cards: Revolving credit Personal loans: Instalment credit With a credit card, you are approved for a credit limit, and you can borrow up to that limit multiple times as long as you make at least the minimum payment each month. Interest is usually applied to any remaining balance at the end of your billing … Read more

Debt consolidation, home renovation, education and more: 8 top purposes personal loans serve

Debt consolidation, home renovation, education and more: 8 top purposes personal loans serve

Personal loans fall under the category of unsecured loans, meaning they lack collateral such as a car or house to back them up. While this makes them more accessible compared to secured loans, they often result in higher interest rates. Also, in contrast to other loan alternatives, personal loans are frequently easier and faster to … Read more