| Interest rate | 6–36% APR (fixed) | 18–29% APR (variable) |
| Payment | Fixed monthly | Flexible (minimum or more) |
| Term | 12–84 months (set) | Open-ended (revolving) |
| Best for | Large amounts, fixed timeline | Small amounts, flexibility |
✦ Personal Finance
Personal loan vs credit card: which is better?
Both can help you manage debt — but they work very differently. Here is an honest comparison of when a personal loan wins and when it does not.