Both serve different needs. Personal loans are unsecured and faster but come with higher rates (10-24%). Business loans offer larger amounts and tax benefits but require documentation.
When to choose a personal loan
For amounts under ₹10 lakhs, urgent needs, or when you don't have a registered business.
When to choose a business loan
For amounts over ₹10 lakhs, working capital needs, or when you want to claim interest as a business expense.