The limit on your credit line can go up to 4 times the monthly income for the typical borrower. If your annual salary is high enough, you may qualify for a higher limit on your credit line. Unlike a personal loan, your credit line is not disbursed to you. Rather, you are free to draw down your credit line, up to its stipulated limit. This makes a credit line slightly more flexible to use, as you are free to withdraw from the account whenever you need.
A credit line is often bundled with a personal cheque book that you can use for your needs. You will also get an ATM card so you may make cash withdrawals on your own.