Cash credit installment loans are a type of credit facility that offers a revolving credit limit, similar to a credit card. However, unlike credit cards, these loans require you to repay the outstanding balance in fixed monthly installments.

• Revolving Credit Limit: You're granted a predetermined credit limit.
• Flexible Usage: You can withdraw funds as needed within your limit.
• Fixed Installments: Repayment is made in fixed monthly installments, regardless of how much you've used.
• Interest Calculation: Interest is charged on the daily outstanding balance.
• Overdraft Protection: You can often access additional funds beyond your limit in case of emergencies, but this usually comes with higher interest rates.