Why a Personal Loan Might Be Smarter Than an Overdraft Facility?

Ritika Singh05 May, 2025Finance

Thinking of borrowing money? A Personal Loan might be the smarter option compared to an overdraft facility. Overdrafts charge interest on the amount used and can fluctuate, making budgeting harder. A Personal Loan, however, offers a fixed sum with steady EMIs, making it easier to plan your repayments. It’s suitable for goals like home renovations, weddings, or education. With competitive rates and fast disbursal, a Personal Loan gives you financial stability. Choose it when you want control over repayments and a clear payoff timeline.