is not a credit card limit.

the credit line of China merchants bank, that is, the loan limit, is the maximum loan limit stipulated in the agreement between the borrowing enterprise and China merchants bank, and the effective period of the credit line is usually one year.

under normal circumstances, within the credit line, enterprises can borrow as needed at any time. However, banks are not obligated to make loans. If the reputation of the enterprise deteriorates, even within the credit limit, the enterprise may not get the loan. At this time, the bank will not bear legal responsibility.

Extended information

1. Factors of applying for unsecured credit loans:

1. Personal work and income: Banks will be more inclined to groups with stable income when examining the qualifications of loan applicants. Therefore, if the borrower can provide a bank payroll for more than half a year, it will be more helpful for the smooth handling of credit loans.

2. Personal fixed assets: The possession of personal fixed assets such as real estate or automobiles indicates that individuals have a certain economic foundation and repayment ability, and will generally get a higher credit rating.

3. Personal credit record: Personal credit record is an important factor for banks to rate borrowers' credit. Banks will consider borrowers' loan records and the use of credit cards, including whether the loans are repaid in time and in full.

second, according to the loan term, it is divided into short-term loans, medium-term loans and long-term loans.

1. Short-term loan: refers to the loan with a loan term of less than one year (inclusive).

2. Medium-term loan: refers to a loan with a loan term of 1 year (excluding) to 5 years (including).

3. Long-term loan: refers to the loan with a loan term of more than 5 years (excluding).

Baidu encyclopedia-credit line

Baidu encyclopedia-credit loan