New Delhi, Feb. 4 -- If you possess one or morecredit cards and you have an urgent financial requirement to meet, then you can ideally choose one of the two options: either you can raise aloan, or you can make the payment through a credit card.

If you are in a dilemma as to which option to go for, then remember that both the options can be good during times when money is raised for a short period of time. But if you want to raise a loan for a long period, then one should keep in mind the following factors before taking a final call.

I.Interest rate: The rate of interest charged by a bank on apersonal loan is relatively lower than what they usually charge for a credit card. While you may get a personal loan for as low as 12 percent per a...