How should I effectively decide between personal loans and credit options?
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Before you jump in, make sure you look at the total cost — not just the monthly interest. You have to add the interest over the entire tenure to the processing fees, which can really sneak up on you.
In India, a balance transfer is only advantageous if you’re 100% sure you can pay it off during that 3–6 month promotional window. If not, you’re actually better off with a short-term personal loan at 10–14%. It sounds higher upfront, but it usually saves you more in the long run. Always look at the APR; that's the real number that matters.
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