New Delhi, March 17 -- What does one do if an emergency strikes while you are not in the pink of your health? Among several options, one could take out apersonal loan. As personal loan has widened its net in its offerings and options -- there are now a slew of sub-categories within its umbrella. These includeinstant loans and loans against credit cards.

It is worth noting that while both these loans are disbursed instantly, there are a few dissimilarities between the two at the same time.

Here we list out the key differences between these two forms of loans.

I.Interest rate: While instant loan, being a typical personal loan, is given at a higher rate of interest,loan against credit card is generally given at a slightly lower rate.

How...