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LAMF vs. Personal Loans: The Interest Gap
LAMF offers lower rates and more flexible borrowing than high-cost unsecured personal loans and other credit options.
Secured by your own wealth, LAMF rates are typically 3-5% lower than unsecured personal loans. A personal loan is "unsecured," making it expensive (12-24%). LAMF is "secured" by your funds, keeping rates around 9.5-11%. Since it’s an Overdraft, you only pay for what you use. Borrowing ₹1 Lakh for 10 days costs you roughly ₹275, far cheaper than the fixed EMIs and traditional bank loans.