Comparing personal loans and Loans Against Mutual Funds highlights major cost and flexibility differences. Personal loans charge 11–18% annual interest, require no collateral, and offer fixed EMIs with lengthy approval timelines. LAMF loans cost 9–12% annually, using mutual fund units as security with faster, often instant approvals. Interest is paid only on the utilized limit, unlike full EMI payments. However, falling NAVs can trigger margin calls or collateral top-ups. Choose LAMF for lower borrowing costs; pick personal loans for unconditional liquidity.