Loan vs. Line of Credit: What's the Difference?
By A Mystery Man Writer
Description
Loans and lines of credit are both ways to borrow from lenders, but they differ in how they can be used and how they are paid off.
![Loan vs. Line of Credit: What's the Difference?](https://cm-cdn.creditmantri.com/community/article/are-home-loan-interest-rates-likely-to-reduce-in-2020.jpg)
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Loan Vs. Line Of Credit: What's the Difference?
![Loan vs. Line of Credit: What's the Difference?](https://assets-global.website-files.com/61c293b39c7f96197d235a40/6352f533c86d72c07159d198_OPplL9mq9iBJWM0v5uPiQGqqH-A73Dg885NNj_FjkCx7lQrYyKu8htEM63MYIAcuDTmjz1UGT2fXXGDJkuhw6HLu7SaaVetaO_RK5zxWNHovVgDFla9hzUbDc4BSvWPStiAfsbfvdah15BfwcdDaBf0lN0h8uInJ8QbvyygrQUporgJOS-jTm-s0.jpeg)
Loan Vs. Line Of Credit: What's the Difference?
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