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Credit Line

A credit line, or line of credit (LoC), is a loan limit that allows an individual or a business to borrow money recursively, without undergoing an approval process each time. Staying with the issued loan limit the borrower can access the loan and after repayment, can repeat the process without any need to re-apply.

Line of credit is a very flexible method to provide immediate access to cash. There are several types of credit lines such as credit card, home equity line of credit (HELOC) and business credit line.

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2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB