Unlike a traditional loan, a credit line allows you to borrow as needed, up to a specified limit. You don't have to apply for a loan each time you need funds.
- Suppose you have taken a loan of ₹1 lakh against your mutual funds on smallcase - If you repay ₹50,000 of your principal, your credit line is now restored- You can borrow up to ₹50,000 again
- Flexibility: Borrow as needed without lengthy loan approval process.💸 Cost-Effective: Pay interest only on the outstanding amount⏰ Quick: Access to funds in 2 hours