Personal Loan Vs Line of Credit

1
Personal Loan Vs Line of Credit
2
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.

3
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.

4
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.

5
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.

6
Clix Capital Services Private Limited

• Address 4th Floor, Kailash Building, Kasturba
  Gandhi Marg, Connaught Place, New Delhi-110001
• Phone [phone]
• Email us hello_at_clix.capital
• Website www.clix.capital

7
(No Transcript)