Lines of Credit

A line of credit is a flexible loan from a bank or financial institution that allows you to borrow up to a certain limit whenever needed. Think of it like a financial safety net—you can withdraw funds as necessary, repay them, and borrow again without reapplying. Interest is usually only charged on the amount you borrow, not the entire credit limit. It’s commonly used for managing cash flow, emergencies, or ongoing expenses, giving you access to funds when required, while offering the convenience of flexible borrowing and repayment options.