Final answer:
The main difference between a personal loan from a bank, which is an installment loan, and revolving credit is the way the borrowed funds are repaid.
Step-by-step explanation:
The main difference between a personal loan from a bank, which is an installment loan, and revolving credit is the way the borrowed funds are repaid. In a personal loan, the borrower receives a lump sum of money and repays it in fixed monthly installments over a predetermined period of time. Revolving credit, on the other hand, provides the borrower with a line of credit that can be used repeatedly up to a certain limit. The borrower can choose to make minimum payments or pay off the balance in full, and the available credit is replenished as payments are made.