Question 2: What is a personal revolving loan? 1. Personal revolving comprehensive credit loan: Personal revolving loan refers to a personal loan business in which a natural person applies, provides guarantee or credit conditions that meet the requirements of the bank (generally real estate is used as collateral), and the borrower is granted the maximum credit line with the approval of the bank, and the borrower can repay it with the loan within the validity period. Advantages of personal revolving loan: * Balance control, recycling: the loan is balance control, within the quota and term, the borrower can match the amount used each time, and after the loan is returned, it can continue to be recycled until it reaches the highest balance or expires; * Ultra-high limit: the loan limit is only limited by the borrower's credit and guarantee method, and the maximum loan limit can reach 70% of the real estate appraisal value, which is much higher than the overdraft limit of credit cards; * Pay back as you borrow, and use money flexibly: customers can handle it at any time, with flexible methods and repayment; * Maximize interest saving: the loan interest is the bank's benchmark interest rate (5.3 1%-5.94%), and the customer does not bear interest when obtaining the line, and only when the money is actually used, it is calculated according to the actual number of days, so as to minimize the customer's money cost; * Financial management function: it can be used on demand, which not only solves the short-term turnover difficulties of customers, but also does not increase the interest on loans used outside. Characteristics of personal revolving loan: * Guarantee methods: mortgage, pledge, guarantee and credit. Four ways can be selected in combination; * Loan amount: the collateral is determined according to a certain proportion of the bank's recognized value, with a maximum of 70%; * Term of credit line: the longest validity period of credit line is 20-30 years, and it will automatically expire after expiration and cannot be used any more; * Loan interest rate: it shall be implemented in accordance with the provisions of the People's Bank of China on loan interest rate for the same period and relevant bank interest rate fluctuations;
Question 3: What is a personal revolving loan? The so-called personal revolving loan refers to a loan operation mode in which the borrower applies for a certain credit line and credit period in the name of a natural person in the bank, and the borrower can use it to repay the loan and recycle it within the credit line and credit period.
A few years ago, many banks started personal revolving loan business. Personal revolving loan has been recognized and welcomed by many loan demanders because of its excellent characteristics such as loan repayment, recycling, and interest bearing according to the actual loan amount and loan term. However, with the strengthening of bank supervision, especially the Interim Measures for the Management of Personal Loans promulgated by the China Banking Regulatory Commission, personal loans must be used for specific purposes, and some banks have stopped personal revolving loan business. At the same time, some banks still provide personal revolving loan business. However, when withdrawing each loan amount (that is, when issuing each loan), most banks require that they must provide proof of use that meets the requirements of the bank, and a few banks have appropriately weakened the provision of proof of use of the small loan amount.
Question 4: What are three-year revolving loans and operating loans? Commercial loans generally refer to business owners. 1. Personal business loans can be repaid with equal principal and interest or principal for up to 30 years (the repayment method is the same as mortgage). The three-year revolving loan you mentioned means that the house is mortgaged for three years, paid off in full once a year, and then credited to the business account. After three years, if you want to borrow money, you can re-examine and re-mortgage. Finally, how to pay it back every year depends on the bank. The fixed number of years also depends on the bank, generally 1 year, 2 years, 3 years. The above two kinds of loans are called operating loans. One of the operating loans is a three-year revolving loan.
Question 5: What is a revolving credit loan? Personal credit revolving loan is a short-term financing convenience product provided by banks according to personal credit status. The borrower can recycle the loan within the amount approved by the bank. The starting point of personal credit revolving loan is 20 thousand yuan, and the maximum is not more than 300 thousand yuan. Customers can use personal credit to get loans for living expenses. The term of a single loan is generally not more than one year. If it is used to buy a car, the term of a single loan is three years. The personal credit revolving loan line can be used for legitimate personal consumption expenditure except the purchase of housing, commercial housing and other housing, and may not be used for investment and business purposes, nor for personal expenditure without specified purposes. When using the revolving credit line of personal credit, customers must also provide written proof materials, listing the consumer products or services that the loan is used to purchase.
Question 6: What does revolving loan mean? Revolving loan refers to giving you a certain loan amount according to your credit and other information. You can repay a certain amount when you make a loan, or you can generate a certain loanable amount to borrow again, but the total amount cannot exceed the total loanable amount. In this way, the total loan amount can be recycled without waiting for the previous loan to be repaid.
Question 7: What's the difference between fixed loan and revolving loan? If you want to repay the loan in advance, you need to go through the loan formalities again.
Revolving loan can be recycled within the maximum loanable amount of the loan contract, and there is no need to re-sign the contract after repayment, as long as it does not exceed the maximum amount.
Question 8: What does revolving credit loan mean? Revolving credit loans are like credit cards. The bank gives you a certain amount of loans, so you can calculate the interest on how much you spend in it. When you change in, the amount will be restored to the original amount and you can continue to use it, so it is called revolving credit line.
Question 9: What is revolving loan? How to calculate the interest? It is recommended to consult the local bank for loan.
Conditions for loan processing:
1, a citizen of China who has a fixed residence in China and a fixed residence in a local town and has full capacity for civil conduct, 18-65 years old;
2. Have a good occupation with a just and stable income and the ability to repay the principal and interest of the loan on schedule;
3. Abide by laws and regulations, and have no illegal acts and bad credit records;
4. The purpose of the loan is clear, in line with state regulations, and relevant certificates can be provided;
5. Other conditions stipulated by the bank.
Question 10: What is a revolving loan with a limit and how to calculate the interest? The so-called revolving loan with a line refers to the loan business in which the bank loan line is obtained through the real estate or other things that can be mortgaged/pledged recognized by the bank, and the loan with legal purpose is applied to the bank for multiple times and recycled without exceeding the validity period and available line. In short, revolving credit line loan is a kind of mortgage, and you can enjoy the credit line of the bank within a certain credit period. During the validity period of revolving loan, the bank must meet the borrower's loan requirements at any time as long as the total loan amount of the borrower does not exceed the maximum credit line. However, in addition to calculating interest, a certain commitment fee needs to be added to the revolving loan with a quota. The specific calculation formula is as follows: unused loan amount * commitment rate within the loan term.