India, Sept. 30 -- Expenses rarely come at a convenient time, and during such times when you need quick access to funds, personal loan vs cash loan may seem like a straightforward comparison. But before choosing either, it helps to understand what each term means and compare the borrowing terms rather than relying solely on the name of the financial product.

A personal loan is an unsecured loan that allows you to access funds for any personal need, and you repay the amount through installments that are regularly scheduled over a set period of time (repayment tenure).

A cash loan, depending on the lender, may be used for smaller or short-term loans for instant fund access, while some also use "cash loan" to market a personal loan product...