Is flexi loan or dropline overdraft better than a personal loan and conventional overdraft?

Credit line in the form of an overdraft is preferred by many people as it gives them flexibility to repay as per their convenience and keep the interest cost low as they pay only on outstanding amount. A new version of this loan is now being offered by many lenders which is called dropline overdraft or a flexi loan. Before going for it you must know if it is better than a personal loan or conventional overdraft.
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