Line of credit
Developed and empowered by ZOE TECHNOLOGY
What Is a Line of Credit (LOC)?
A line of credit (LOC) is a preset borrowing limit offered by banks and financial institutions to their personal and business customers. Lines of credit can be used at any time until the limit is reached. The limit is set by the issuer based on the borrower's creditworthiness. As money is repaid, it can be borrowed again in the case of an open line of credit. The borrower can access funds from the LOC at any time as long as they do not exceed the maximum amount (or credit limit) set in the agreement.
One-Time Credit, Long-Term Validity
Borrow and Return at Any Time
No Additional Fees When Not in Use
Other Offerings
1
The procedure is convenient and the entire application process is online.
2
Interest and fees are transparent and repayment is easy.
3
Security protection and no privacy leakage.