Personal Loan Vs Line of Credit
                         Personal Loan Vs Line of Credit
     Not Reading The Loan 
Agreement
 At some point in time, 
everyone needs some extra 
sum of money. While the 
income of business and salary 
is fixed, expenses are never 
fixed. It keeps rising with time 
and some additional and 
emergency expenses keep 
coming up. When emergencies 
hit, you cannot delay in finding 
a solution. Especially when it is 
a medical emergency, you 
need to find a source of instant 
funds. That is when you can 
either go for a 
personal loan online apply 
or a line of credit. 
What is a personal loan? 
 An instant personal 
loan is a quick source 
of funds that is flexible 
and affordable. It can 
be a good amount of 
money or a small one, 
as per the need of the 
borrower. A personal 
loan is open for any 
kind of expense and it 
is easy to meet them 
flexibly. 
What is a line of credit? 
 A line of credit works similarly to a credit card. In 
this, the instant personal loan provider offers an 
amount of pre-approved loan when you apply for it. 
However, the loan amount is not paid in a lump sum 
and one time. The amount is approved and there is a 
limit given for usage. 
 This credit limit is used according to the needs of the 
borrower. Whatever the amount that one needs can 
be used from the credit limit, and the interest is paid 
only on that particular amount. There is no one 
disbursement and one can only use from the credit 
limit available to the borrower. 
Eligibility of personal loan and 
line of credit
 Both, if compared, are flexible loan 
options to meet your needs instantly. 
However, to get approval, you will need a 
good eligibility criterion. A good credit 
score and an impressive income will 
always be the criteria to get hold of these 
loan types. If you are looking out for a 
source of instant funds, you need to meet 
the eligibility as set by the loan provider. 
Clix Capital Services Private 
Limited
 Address: 4th Floor, Kailash Building, 
Kasturba Gandhi Marg, Connaught 
Place, New Delhi-110001
 Phone: 1800 200 9898
 Email us: [email protected]
 Website: www.clix.capital