Credit Card EMI Costs
Understanding the true cost of credit card EMIs.
- Interest rate: 15-18% p.a. typically
- Processing fee: 1-2% of amount
- Reduces available credit limit
- Short tenure options (3-24 months)
Credit Card Consolidation
Credit Card EMI vs Personal Loan EMI: Cost Comparison
When making a large purchase, should you use credit card EMI or take a personal loan? Let's compare the true cost of both options.
Danish MirzaFounder, Unyfy14 years in Indian banking and fintech
Personal Loan EMI Costs
Understanding personal loan EMI costs.
- Interest rate: 10-14% p.a.
- Processing fee: 0.5-2% of amount
- Separate credit line - card still available
- Longer tenure options (1-5 years)
Example: ₹50,000 Purchase
Comparing both options for the same amount.
- Credit card EMI at 16% for 12 months: ₹4,550/month
- Personal loan at 11% for 12 months: ₹4,420/month
- Monthly savings: ₹130
- Total savings: ₹1,560
For amounts above ₹50,000, personal loans are usually cheaper. Check rates through Unyfy.
Debt Consolidation
Personal Loan vs Credit Card: Consolidate Your Debts
Use a low interest personal loan to pay off high-interest credit card debt. Compare personal loan vs credit card interest rates and save up to 70% on interest payments.
The Credit Card Trap
Why minimum payments keep you stuck
Credit Card Interest Rate36-48% p.a.
Compounding monthly on unpaid balance
- !Minimum payment trap: 90% goes towards interest, not principal
- !Indefinite closure: Your debt never ends at this pace
- !Multiple EMIs: Managing several cards and loans is stressful
The Unyfy Solution
One loan, one EMI, clear closure date
Personal Loan Interest Rate10-14% p.a.
Fixed EMI, reducing balance method
- Save up to 70% on interest payments
- Fixed closure date: Become debt-free in 12-60 months
- One easy EMI: All debts merged into single payment
Interest Rate Comparison
Credit Card (Minimum Payment)36-48% ROI
Indefinite Closure
Switch to
Personal Loan (via Unyfy)10-14% ROI
Fixed Term
Stop paying indefinitely. Get a clear path to being debt-free.
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