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Credit Line

Credit Line

The credit line, also known as the┬áLine of Credit (LOC) is a type of standing loan, which entitles an individual entity, organization, or business to borrow money and thereafter repay it. Once the borrower repays the outstanding amount, they can continue borrowing money without applying for a new loan whatsoever. Credit line does a huge favor to those experiencing monetary deficit and makes it possible for them to continue their business, or complete a project, or fulfill their personal needs….

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