What to compare before borrowing
Short-term loans can be expensive. Compare the annualized cost, late fees, processing charges and repayment flexibility before applying.
Better alternatives
- Salary advance from employer
- Small personal loan from a bank
- Credit card EMI for planned purchases
- Gold loan for secured short-term credit
Cost comparison
| Product | Typical Rate | Best For |
|---|---|---|
| Personal loan | 10.49% onwards | Planned repayment |
| Gold loan | 9% onwards | Secured quick funds |
| Credit card EMI | Issuer dependent | Retail purchases |
[rupik_loan_calculator type=”payday”]