Cash Credit Line Siloam Springs AR
Cash Credit Line Installment Payments
With this type of loan, repayment is made in installments meaning that you'll make equal monthly payments throughout the entire loan term. Each payment is determined by how much of the loan you still have outstanding at the time a payment is due on the cash credit line. You are never charged interest on any portion of the cash credit line that you have not borrowed against. So, if for example you are approved for $500 and you draw out $300 then you only pay interest on the $300, not the full $500.