Should i take personal loan against credit card will it impact negatively on cibil??

[dhiraz]

 

[hriday.haria]

Take a personal loan instead, you'll get it around 10-11%. Interest rate for loan on CC is way higher and other hidden charges like high fore-closure charges are levied !

 

[dhiraz]

Take a personal loan instead, you'll get it around 10-11%. Interest rate for loan on CC is way higher and other hidden charges like high fore-closure charges are levied !

I don't have any other personal loan offer.

 

[hriday.haria]

But you can still get a personal loan based on your requirement by providing details on bank websites.
You would get better offers than this.

Talking about Cibil, both will show up as credit loan in your report so both would have the same impact.
Impact would be more on the quantum of amount taken as loan from either.

I don't have any other personal loan offer.

 

[hriday.haria]

Yeah

Personal loans were also available at around 7% now it's maybe 8% something due to increase ...

Yeah, but that rate is for someone with a good credit history or background.
Even with no background, 10-11% rate is available.

I got a pre-approved loan on CC at 17%. If its pre-approved, doesn't mean you need to take it 😅. This was the perception of @dhiraz it seems !