Yes. When you apply for Cred as a personal loan, the full amount you have requested is paid directly into your bank account immediately upon approval. A fixed amount repayment schedule is set up at the outset, so you'll know exactly what you'll repay each month and over what term,  just as you would with a traditional personal loan. 

As you make repayments against your personal loan, the funds you repay become available to you again — but outside of the personal loan package and as part of your revolving credit facility, which remains available for you to use as long as you keep the account in good standing.