New Delhi, Feb. 20 -- Are you planning to raise apersonal loan and before you opt for it, you realise that you already have apre-approved loan offer. Now you are in a dilemma as to whether you should grab it or let it go.

Typically, a pre-approved loan offer charges a higher rate of interest since it is given against yourcredit card limit. And as we know credit cards loans are given at a higher interest rate vis-a-vis interest on regular loans.

Better deal: You want to apply for a loan of Rs.5 lakh and you realise that your netbanking has a pre-approved offer of Rs.4.5 lakh at a tempting interest. You would want to grab the offer and arrange the remainder of balance ( Rs.50,000) through some other source.

Smaller amount: You want to ap...