Instant loans and credit card loans have key differences

Instant loans and loans against credit cards differ in several key ways. Instant loans typically have higher interest rates but do not affect credit limits. In contrast, loans against credit cards usually offer lower rates but reduce the available credit limit. Both loan types are generally easy to obtain, often requiring minimal documentation. Instant loans may take a few minutes to 24 hours to process, while loans against credit cards are processed instantly and funds are credited directly to the borrower's account. Instant loans are aimed at those needing larger amounts with flexible repayment terms. Loans against credit cards are for credit card holders seeking short-term financing without applying for a separate loan.