Home Equity line of Credit Percentage

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Hello, do UK bankers provide their clients (individuals, not businesses) with uncollateralised credit facilities? I am not speaking about a temporary credit or an equity line. I refer to a credit line that the merchant provides to you to be used as needed (no cost if not used, but if used, you will receive interest per day and minimum amounts per month can only be interest or a percentage of the amount borrowed).

There'?s no thanks for this contribution right now. You mean an open credit? It'?s not an oversight on the giro bill. It' s just a credit item available elsewhere - a credit standalone credit area. Unprotected and usually it comes with interest lower than credit card interest rate.

There are no posts I can't make, but you can look for "Scotiabank Staff Line of Credit", for example, it will give you an inspiration. The next thing I think of it is a home equity line of credit (HELOC) - they work the same way as uncollateralised credit facilities - you can use the credit whenever and however you want, up to the credit line available to you.

However, the HELOC is protected against your ownership, so you can't get it if you don't have equity in your home. So why should a bank provide credit facilities that are lower than those they provide with their credit card and overdraft? Is the credit markets in North America more attractive and does the product diversification outperform here?

How are bankers prepared to grant these "riskier" credit facilities not only to companies but also to private people? Interest is calculated on the credit line on a day-to-day basis so that there is no extension of time. As I see it, a line of credit is just a long, soft credit. Lend as much as you want and make the payment whenever you want (as long as you make minimal deposits and of course remain within your credit limit).