How to Choose Between Overdraft vs Line of Credit

What Does Overdraft Mean?

Different Types of Overdraft Options

Features of Overdraft

What is Line of Credit?

Different Types of Credit Lines

Features of Line of Credit

Overdraft vs Line of Credit

Which Option is Better for You?

Conclusion

Coming Up Next

1. Overdraft Against Home or Commercial Property

2. Overdraft against Salary

3. Overdraft Against Fixed Deposits (FD)

4. Overdraft Against Equity

5. Overdraft Against Insurance Policy

6. Overdraft Against Savings Account

Flexible Credit Limit

Interest Rate

Flexible Repayment

Zero Repayment Charges

Co-applicant's Responsibility

Personal Line of Credit

Business Line of Credit

Home Equity Line of Credit (HELOC)

Flexible Borrowing

Interest on Utilized Amount

Revolving Credit

No Fixed Repayment Schedule

Credit-Based Approval

Immediate Access to Funds

Overdraft

Line of Credit

What is Reverse Mortgage?