Are personal loans better than credit cards?

Personal loans are better for large, one-time expenses with lower interest rates (10-24% p.a.) versus credit cards (36-42% p.a.). They offer fixed repayment schedules, structured EMI, and typically no pre-payment penalties on floating rate loans. Credit cards are better for: small, short-term purchases, reward points and cashback, revolving credit facility, interest-free period (up to 50 days), and emergencies with quick access. For debt consolidation or major purchases (₹50,000+), personal loans save significantly on interest. For daily expenses and short-term needs, credit cards with disciplined full payment are better.