A personal line of credit is a flexible borrowing tool that you could withdraw loan money anytime and there is no penalty for early repayment. But banks and financial institutions usually charge an annual fee and withdrawal fee, and they have a minimum monthly payment as a reference to adjust the interest rate. You should compare the fees and charges of different banks and financial institutions before applying for the loan.
Articles in this section
- What are Loans?
- What are the Personal Loans? How are they different from other consumer loans?
- What are the types of Personal Loans Available in Hong Kong?
- Why do I need a Personal Loan? How Much Should I Borrow?
- Why do I need a Personal Loan? How Much Should I Borrow?
- What do I need to make a successful Personal Loan Application?
- How is the Maximum Personal Loan Amount Calculated?
- How should I compute Total Interest Amount?
- How long does it take to process my personal loan applications?
- What do I need to make a successful Personal Loan Application?