LoanGenic is a one-stop-shop for all your financial needs, including Home Loans, Personal Loans, Credit Cards, Business Loans, and Balance Transfers among others. With our internally developed highly proficient Loan Calculator algorithm, we provide the best options and deals for the loan/financial product of your choice. Our algorithmic engines help you by using strong factual data made from relative latest changes in the market and a calculated understanding of the future trends. We also have an exclusive DSA Loan Partner Program to help you become your own boss.
When you require cash, you go for either a personal loan or a credit card.
They do not require any collateral, and the processing fee and interest rate are more or less similar in both sources.
First, what is a personal loan?Personal LoanA personal loan is provided by a lender, enabling you to borrow money at a specific interest rate and repayment tenure.
The loan can be used for various reasons such as emergency expenses, weddings, buying a new gadget, etc.
In contrast, the predetermined monthly credit limit is available on credit cards.DocumentationA personal loan requires quite a several documents for approval and takes a few days to come through.
But, the credit card does not need any documentation and is faster to attain.Personal Loan or Credit Card: When to Use A personal loan is a good selection when you:Qualify for a low APR.Need to consolidate large, high-interest debts.Want to finance a considerable, one-time expense.Can make monthly payments over the loan term.Whereas,Credit cards are a good choice when you:Need to finance smaller expenses.Can pay off your balance in total per month.Qualify for a 0% promotional offer.Personal Loan or Credit Card: How to ChooseIf you are confused about which one is the best, then ask yourself the below-mentioned questions:How much money do you require?
Loangenic is DSA that provides personal loans, home loans, business loans, loans against property, balance transfer, and credit cards among others.
We have an exclusive DSA loan partner program to help you start your own business and become your own boss.
Short-term and long-term loans are generally used for very different reasons.
Short-term loans typically have a repayment period of one month or less.
Long-term loans come with longer repayment terms.
An interim category called installment loans offers loan amounts and terms that fit between the other options.
Banks, credit cards, and friends and family may offer you better loan terms, so you should check these options before requesting an online payday loan.Read more:Short Term Vs. Long Term Loan: Which One Is Better?
Business loan acts as a perfect financial aid to meet the financial crunch of new or existing businesses.
A business loan will help you to catalyze each of your business needs and provide a solution for your financial crisis.
Therefore applying for a Kotak Mahindra Bank business loan through Afinoz.com makes the process of application and approval of business loans from Kotak Mahindra Bank much simpler and quicker.