I have some cash around 2 lakhs with me and need to close one. what do you suggest of closing credit card or personal loan?
Credit card outstanding of 3,00,000.
personal loan outstanding around 2,00,000.
Rajithaxpradeep-My choice is Credit Card. Because banks offer you credit cards at higher interest rate than personal loan. Also, there are many hidden charges or compounding interest which may totally imbalance your finance. Hence, go ahead and clear credit card dues at the earliest.