First, revolving loan means that customers mortgage commercial housing to banks and obtain a certain loan amount, which can be used by customers during the mortgage of real estate. There are roughly two kinds of revolving loans, one is based on real estate, and the other is based on personal credit. What we are talking about now is the second category, paragraphs. Personal credit revolving loan is a convenient product that the borrower can recycle the loan within the amount approved by the bank according to the credit status of individual customers.

2. Revolving loan, also known as personal housing revolving credit, refers to the customer's mortgage of commercial housing to the bank, and the bank gives the customer a loan amount, and the customer's loan amount is less than or equal to the specified time. Among them, within the limit, you can take it with you. At present, the revolving loan business is to buy commercial housing with silver, and villas, shops, office buildings and apartment buildings are not accepted for the time being. And the age of the house shall not exceed 20 years (subject to the completion date).

Third, the advantages of revolving loans:

1. Fast use of funds: once approved, it can be repaid with the loan within the validity period, and the handling bank of a single loan within the maximum amount has the right to be directly approved by the approver.

2. Interest rate concessions: because of recycling, short-term loans, long-term use, long-term loans and short-term interest rates can be realized.

3. Long credit period: the longest credit period can reach 5 years.

4. The term of a single loan is longer: one year.

Four, the characteristics of personal revolving loan guarantee: mortgage, pledge, guarantee, credit. Four ways can be selected in combination.

1. Loan amount: The collateral is determined according to a certain proportion of the bank's recognized value, with a maximum of 70%.

2. Term of credit line: The credit line is valid for 20-30 years at the longest, and it will automatically expire after expiration and cannot be extended.

3. Loan interest rate: It shall be implemented in accordance with relevant regulations of the People's Bank of China on interest rate fluctuation.

4. Repayment method: customers can choose to pay the same principal and interest, pay the interest monthly (quarterly) or with the principal.

2. What does China Merchants Bank mean by credit card revolving credit?

Revolving letter of credit is also called revolving letter of credit and revolving credit, which is translated into English. Revolving loan agreement is a loan agreement in which banks are legally obliged to provide loans not exceeding a certain maximum amount.

Within this limit, customers can recover the loan funds. During the validity period of the agreement, the bank must meet the loan requirements of the enterprise at any time as long as the total loan amount of the enterprise does not exceed the maximum limit. When an enterprise enjoys a revolving credit agreement, it usually pays a commitment fee to the bank for the unused part of the loan amount.

Loan limit, the maximum amount that an enterprise can borrow during this period. Within this limit, you can withdraw like a deposit. This restriction was determined when the agreement was signed.

Extended data:

Functions of revolving credit:

1, convergence function

The general account guides many scattered small funds to gather into a fund function that can be put into social reproduction. Here, the stock market plays the role of "reservoir" of funds.

2. Configure functions

The allocation of resources, the general ledger transfers resources from inefficient departments to efficient departments, so that a society's economic resources can be most effectively allocated to the most efficient or effective use, and the rational allocation and effective utilization of scarce resources can be realized.

Step 3 Adjust the function

The regulating effect of personal account on macro-economy. The stock market is connected with depositors on one side and investors on the other. The operating mechanism of the stock market plays a role through its influence on savers and investors.

Baidu encyclopedia-revolving credit

3. What is the meaning of enterprise revolving loan and what are the specific provisions?

Specifically, revolving loan has the characteristics of one application and can be repaid with the loan. After approval, within the validity period of the credit line, once the loan is returned, the credit line will be restored to achieve the purpose of recycling.

4. What does revolving loan mean?

Revolving loan is a kind of personal housing revolving credit business, which means that customers can obtain a certain loan amount by mortgaging their commercial houses to banks. During the mortgage period, customers can withdraw money for recycling many times. When the single payment does not exceed the available amount, the customer only needs to fill in the withdrawal application form, without special re-approval, and generally 1 hour can withdraw cash.

Revolving loan means that the loan amount can be recycled within the validity period. At the same time, revolving loans are mostly online loans, users can apply online, and loan funds will be obtained soon after approval. Revolving loans are different from short-term loans and long-term loans, and the loan interest rate will change according to the actual situation because of the different loan periods applied by users.

Revolving loans usually also support loan-as-you-borrow, that is, users can pay off the loan in advance at any time, and after paying off the loan, they can borrow again as long as there is still a loan amount.

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Advantages:

1, long term, up to 30 years.

2. The quota is high, up to 80%.

3. It takes 1 hour to arrive at the account. There are many ways to deal with it.

Disadvantages:

1: Use is restricted.