The rate on the loan amount availed is the deciding factor while availing such a loan. Various banks like HDFC, Citibank, Standard Chartered, ICICI and scores of others have provided a vast range of competitive options for the consumers in the field of personal financing. And what is even more important, bad credit clients can also get the benefit of personal finance; even though they are charged a bigger rate of interest. Even in the case of choosing a credit card, the person is supposed to lookout for a company which charges the smallest rate of interest. Another effective form of personal finance management is achieved by using the debit card. In this one can spend the amount available in his/her account only. The interest outflow, but, should be at its smallest level to save some money for emergency and other expenditures.