Personal loans | Balance transfer | Education loans | Debt consolidation
When is a credit line a better option than a credit card?
A credit line is better when you need flexible access to larger sums over time, often at lower interest rates. It's useful for ongoing expenses rather than everyday purchases.
Credit line, balance transfer or credit line?
Use a balance transfer to pay off high-interest debt quickly, a credit line for ongoing larger expenses, and a credit card for daily purchases and rewards. Choose based on your financial goals.
In-principle loan approvals indicate that a borrower meets basic criteria but don't guarantee final approval. Actual approval requires further checks and documentation. Understanding this distinction helps borrowers navigate the loan process more effectively.
Life doesn’t always go according to plan -- actually it never does. And in those situations, you would ideally fork out cash savings to deal with unexpected expenses. But that’s not always going to be the case. Sometimes, we need to borrow small sums to handle emergencies and keep going.