Credit Cards & Personal Loans

Which of these are the features of a credit card?

• Grace Period

• B.I.N.

• Existing Debts

• Cash Advances

What would decrease your credit score?

• High Income

• Low Debt Level

• Pay Bills On Time

• High Debt Load

What is a common benefit of using a credit card?

• Rewards Points

• High Interest Rates

• Limited Usage

• Annual Fees

Which action can help improve your credit score?

• Maxing Out Credit Limits

• Making Late Payments

• Keeping Credit Utilization Low

• Closing Old Accounts

What is a potential risk of having multiple credit cards?

• Increased Credit Score

• Higher Debt Accumulation

• More Rewards Opportunities

• Better Credit History

Features of Personal Loan

• Tenure

• Over Draft Protection

• Liked Directly to Bank

What is a key advantage of using a personal loan?

• Lower Interest Rates

• Unlimited Borrowing

• No Repayment Required

• Instant Approval

What is the Average Interest Rate Per Anum on Personal Loan in India?

• 2.5%- 8.3%

• 10.5%- 24%

• 24%- 33%

What is the typical repayment period for a personal loan in India?

• 1-2 Years

• 9-11 Years

• 1-5 Years

What are the positive effects a personal loan have on credit score?

• Missed Payments

• New Account

• Credit Utilization Ratio

• Hard Inquiry