Personal lines of credit allow you to pay back only the amount you borrow, but with personal loans, you must pay back the full amount received at disbursal.Personal loan lenders often cap amounts at $50,000. Personal lines of credit may have limits closer to $20,000.Personal loan payments are the same each month, but PLOC payments can vary from month-to-month depending on how much you spend.Personal loans typically have fixed interest rates. PLOCs often have variable interest rates during the draw period, t ...