The difference between a Revolving credit line and an Installment Loan is mainly that the Installment Loan may have terms for when full repayment is due and you may no longer borrow. A revolving credit line is generally open indefinitely. You can access and use your available credit limit at any time.
What's the difference between a Revolving line of credit and an Instalment loan? Print
Modified on: Thu, 24 Apr, 2025 at 4:03 AM
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