Overdraft Loan vs. Instant Loan: A Complete Guide Professional

Overdraft loans and instant loans are two popular financial products that cater to different needs and situations. An overdraft loan provides a line of credit linked to a current account, allowing customers to withdraw more money than they have in their account, up to a predetermined limit. On the other hand, an instant loan, also known as a personal loan, offers a fixed sum of money that is disbursed quickly, typically within a few hours or days. While overdraft loans offer flexibility and convenience for managing short-term cash flow needs, instant loans provide a lump sum for immediate expenses or planned purchases.