What is the difference between a credit account (credit line) and a bank loan?

• Loan: You receive all the money upfront and pay interest on the full contracted amount for the fixed term. It is ideal for long-term investments (purchase of machinery, premises renovations, acquisition of fixed assets).
• Credit line: The bank makes a limit of money available to you and you only use what you need each day. You only pay interest on the money actually used (plus a small fee on the undrawn balance). It is ideal for covering short-term temporary cash flow gaps.

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