What is your plan of action when you are in need of some cash or credit and you do not have sufficient funds?
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Personal loan is much better compared to CC loans due to lower interest rates. That being said Personal loans have rigid repayment terms. So you should find out personal loans which have flexibility of repayment without any prepayment penalty. Most fintechs now provide credit line product at half the price of Credit cards.
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I agree with @Jiten.
Personal loans are rather simple to apply and does not need any collateral. With just a few clicks, even if you are applying for the first time, you are good to go.
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If the loan amount is small and required urgently, a credit card loan should be the choice. Also not to forget the interest one can negotiate with a good credit score 
in my view, it’s start of debt trap
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I’ll be prefer for Personal loan instead of Credit card loan
Because of if you borrow credit card loan more than your existing limit there will be hidden charges applies which don’t inform at the time of withdraw or EMI schedule. Total tax applied on every monthly EMI (9% GST & 9% SGST)
Eg. EMI is Rs 2000 the break down as followsI’ll be prefer for Personal loan instead of Credit card loan
Because of if you borrow credit card loan more than your existing limit there will be hidden charges applies which don’t inform at the time of withdraw or EMI schedule. Total tax applied on every monthly EMI (9% GST & 9% SGST)
Eg. EMI is Rs 2000 the break down as follows:
At the end of the moment you need to pay 2360 despite your scheduled EMI 2000.
Whereas in direct personal loan, the EMI amount would be same as mentioned at the time of withdraw
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Adding to @Ayesha, another disadvantage will be that prepayment charges will be levied if you want to repay the loan on the credit card before the tenure and usually banks offer variety of waivers on direct personal loans if you pre-close it.
Credit Cards if the amount is something that I can pay off in full on the due date (usually through the salary that I receive) Credit cards are good for this because their due date is usually towards middle of the month whereas personal loan EMIs are usually due within the first week of the month.
Personal loans if I plan to repay in over 6 months (either through prepayment or through running the course of the loan)
Just to point out, credit cards also offer the ability to convert your outstanding amount into a term loan with repayment over 12 months at a rate much cheaper than your normal credit card interest rates. So you can immediately pay through the card and convert it into a loan rather than waiting a day or two for a personal loan.
@Ayesha I’m curious to know where you are getting this information from because as far as I know, there is no GST on loan repayment.
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