Personal Loans V/s Credit Card? Better Choice among Indian Youths
Posted by Manoj Bhandari on August 1st, 2019
The economy of India is growing rapidly and it is one of the fastest-growing economies in the world. In recent days banking and FIN-tech sector booms in the Indian market and generated thousands of jobs in India. However, many of the FIN-tech companies are still confuse to sell their products in the right way. Most of the sales teams are unable to find the desired customers for their loans and other banking customers, the reason does not understand the choice of the audience what they want.
Why the youth of India is seeking for Loans?
The Indian economy generates millions of jobs every year and youths who are seeking to fulfill their dreams and hobbies are not getting their desired salary from the companies. The massive change in the lifestyle and new trends in the market are forcing youths of India to spend more than their limit. Buying a car, branded clothes & shoes and going on foreign trips is one of them.
The fight between credit card V/s personal loans.
Recently credit cards became a social status between Indian youths and they mostly ignored the personal loan. A loan word often give signals of huge debts but they most of the time don’t know that credit card is also a form of loan. Here is a small difference between credit card and personal loan.
However, both credit card and personal loans are almost same but there are so many things which makes personal loan better than credit cards.
Why Personal loans are better than credit cards
How to apply for credit card or personal loan
Anybody can apply for credit card or personal loan & credit card in India. However banks and non-financial companies approve the request only of few applicants by following some points like
You can choose credit card if you know how to spend money in limit. Go for personal loan for big purchase as it gives you more time to re-pay with lesser interest rates.
About the AuthorManoj Bhandari
Joined: August 1st, 2019
Articles Posted: 1
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