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Same salary, same city, same surprises. One takes the quick route every time, the other the steady one. Tap through 12 months and watch where each ends up.
The quick route
Pays the minimum due, uses instant loan apps, rolls them over and applies wherever an offer pops up. Keeps his savings in an FD he doesn’t want to break.The steady route
Keeps an emergency fund, pays her card in full, takes one planned personal loan when she really needs it and prepays it with her bonus.Both are made up. Both are salaried in Bengaluru with ₹60,000 take-home, ₹8,000 a month spare after rent and bills, ₹40,000 in savings, one credit card with a ₹1 lakh limit and a credit score in the “Fair” band.
Also assumed: card minimum due 5% of the bill, ₹1,000 example late fee, example processing fee of 3% + GST on Priya’s personal loan. Simplified: GST on card interest is ignored.
Score direction is illustrative, not a real scoring model. No actual score is calculated.
Same income. Same surprises. Very different year.
| Aarav | Priya |
|---|
Illustrative figures from the example rates above. Score direction is illustrative, not a real scoring model.
SmartSwitch is Omozing’s way to replace stacked app loans with one personal loan and one EMI. Replay Aarav’s year with that change.
Omozing lends to salaried people with a take-home of ₹40,000 or more and a credit score from 600. Loans up to ₹25 lakh for 3 to 36 months, with rates starting from 11% a year. The exact APR and fees are in the Key Fact Statement (KFS).
Made by Omozing, the digital lending brand of Aparampaar Finance Private Limited, an RBI-registered NBFC. Results are illustrative, not an offer.
Aarav vs Priya is an interactive story. Two made-up salaried 28-year-olds in Bengaluru earn the same, face the same events and start in the same place. One takes the quick route each time (minimum dues, loan apps, rollovers), the other the steady one (an emergency fund, paying cards in full, one planned loan). Tap through 12 months to see savings, debt, interest paid and the direction of their credit health.
No. They are made-up characters, and every figure uses example rates you can change. The score direction is illustrative, not a real scoring model.
Late payments, high credit card use, many loan applications in a short time and stacking small app loans are among the most common causes.
Each rollover adds a fee and interest without reducing what you owe, so the cost keeps growing while the debt stays the same.
Replacing several short-term app loans with one EMI can cut monthly costs and give the debt an end date. Check the APR in the Key Fact Statement before you sign.