CC vs Personal Loan

Compare the true cost of credit card balance vs personal loan in India. Calculate interest savings from shifting CC debt to a personal loan at lower rates.

Credit Card vs Personal Loan Calculator

Compare interest cost of credit card debt vs personal loan

Outstanding credit card balance Rs 1,00,000
Rs
Credit card APR 42%
%
Personal loan interest rate 14%
%
Repayment tenure 12 months
months
Interest saving
---
by switching to personal loan
CC total cost
---
over tenure
Loan total cost
---
over tenure
CC interest (minimum pay)---
Personal loan interest---
Personal loan EMI---
Interest saved---
Saving as % of balance---

CC interest estimated assuming you pay minimum (5%) each month. Personal loan uses reducing balance EMI. Processing fee not included.

Chart
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ThriftRupee Insight

Shifting Rs 1 lakh from a credit card at 42% APR to a personal loan at 14% APR saves Rs 28,000 in interest over 12 months. This is one of the highest-return financial moves available. The catch: personal loan has a fixed EMI (forced discipline) while a credit card lets you pay the minimum (dangerous trap). Balance transfer cards offering 0% for 3-6 months are another option -- but watch out for the revert rate after the promo period.

Credit Card vs Personal Loan Calculator India 2026

Calculate exactly how much interest you save by shifting credit card debt to a personal loan. See the EMI, total cost, and savings side by side.

Frequently asked questions

When should I take a personal loan to clear credit card debt?▼
Take a personal loan when your credit card outstanding is more than Rs 25,000 and you cannot clear it within 1-2 months. The interest saving is immediate and significant. Requirements: CIBIL 700+, stable income, employment proof. Most banks offer pre-approved personal loans in your banking app -- check there first for the lowest rate.
What is a balance transfer credit card?▼
Balance transfer cards let you move your existing CC debt to a new card at 0% interest for 3-12 months (promotional period). After the promo period, the rate reverts to 36-48% APR. Strategy: transfer balance, pay aggressively during promo period, clear before revert. Best for disciplined users who will not rack up new debt on the old card.
Can I convert credit card balance to EMI?▼
Yes -- most Indian banks offer "balance to EMI" or "convert to EMI" on outstanding balances. Rates are typically 13-18% p.a. (much lower than 42% revolving interest). Tenure: 3-24 months. Processing fee: 1-2%. Apply via bank app or call customer care. This is better than revolving but worse than a personal loan from a competitive lender.

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