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Credit card EMI vs personal loan: Which costs less for big-ticket purchases?
Mint 1 hr ago·16 Sept 2026, 5:10 pm
Consumers planning big-ticket purchases often face a choice between a credit card EMI and a personal loan. While a credit card EMI offers the convenience of paying in small monthly installments, it typically comes with a higher interest rate compared to a personal loan. A personal loan, often secured by a fixed tenure, can be more cost-effective for large expenses, provided the borrower has a good credit score.
This decision impacts your monthly cash flow and overall financial health. A lower monthly EMI on a credit card might seem attractive, but it could result in a significantly higher total repayment amount over time due to the higher interest rate. Investors should monitor consumer spending patterns, as a shift towards personal loans could signal higher interest income for banks, while increased reliance on credit card EMIs might reflect tighter liquidity conditions.
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