1. Revolving credit for personal housing: Revolving credit for personal housing refers to the revolving credit issued by the lender within the credit period and available credit line after the house is mortgaged to the bank for loan credit, and it can also be repaid with the loan.

For example, if you buy a house with a price of 500,000 yuan, the bank will lend you 400,000 yuan according to the maximum amount of 80%. If the house is mortgaged to the bank, it can be recycled within the credit line of 400 thousand. Generally speaking, there are two situations. One is that according to the mortgage of your house, the bank can lend you 400,000 yuan, while you only borrowed 300,000 yuan. Then you can come to the bank for a loan at any time when you need money until you use up the remaining credit line. Loans can be used for decoration, car purchase, education, etc.

The mortgage customer of the bank where the loan is located can apply directly to the branch of the bank; Customers of other banks can handle mortgage transfer. The age of the applicant for housing credit plus the validity period of the credit line shall not exceed the statutory retirement age plus 5 years. Credit application period+age: male 2. If the lending bank does not provide this service, you can go to the bank that provides this service, such as China Merchants Bank, to go through the formalities of remortgage and realize revolving credit.

1. Explanation of terms: Revolving credit for individual housing: Revolving credit for individual housing refers to the business in which a natural person (credit applicant) applies to our bank for revolving credit line with his own housing under his name as the maximum mortgage, and the transferee can apply to our bank for personal loans with clear consumption purposes for reuse under the condition that the validity period and available credit line are not exceeded. Available amount: refers to the amount available for issuing loans under the revolving credit line of housing, which is equal to the difference between the revolving credit line of housing and the balance of loans issued under this line. Maximum mortgage: the maximum mortgage refers to the agreement signed by the mortgagor and the mortgagee to guarantee the creditor's rights that occur continuously in a certain period with collateral within the limit of the maximum amount of creditor's rights.

2. Both the first-hand building and the second-hand building can cooperate in scope. Personal housing loans of our bank or other banks can be converted into housing revolving credit, and self-owned houses that have paid off loans or paid off in one lump sum can also handle housing revolving credit business.

3. Credit object and conditions Property conditions: Only ordinary commercial houses or self-occupied villas are allowed, and commercial houses such as shops and office buildings are not allowed to be used as mortgage properties for personal housing revolving credit business.