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Installment loan versus line credit
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Knowing the difference between the two can be important. One of the best ways to make your choice is to know which type of loan will best suit your needs.
Installment Loan Versus Line Credit
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A line of credit is usually reserved for those who have some high-dollar asset that can be borrowed against. For the most part, this is a home.
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Term APR* Home Equity Installment Loan: 60 months: 2.50%: Home Equity Installment Loan: 60 months: 3.25%: Home Equity Installment Loan: 120 months: 2.75%
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