What Is a Revolving Loan?

Revolving loan means that customers can obtain a certain loan amount by mortgaged commercial housing to the bank. During the period of real estate mortgage, customers can withdraw funds and use them in a cycle. When the single amount is not exceeded, the customer only needs to fill in the withdrawal. This application form does not need to be re-approved. Generally, cash can be withdrawn within 1 hour, which is equivalent to having a safe and convenient mobile treasury.

Revolving loan

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Revolving loan means that the customer can obtain a certain loan amount by mortgaged the commercial housing to the bank. During the period of real estate mortgage, the customer can withdraw and use it in cycles, which does not exceed

Revolving loan, a common term in banking.

1. Quick use of funds: once approval, loan and repayment within the validity period, the single loan operating bank within the maximum amount of the right to approve directly by the approver, fast and convenient.

2. Interest rate concessions: Because of the circular use, short-term loans, long-term use, long-term loans, short-term interest rates, and loans within the revolving quota, such as decoration and other consumer purposes, can be reduced by up to 10% on the basis of the benchmark interest rate.

3. Long credit period: The maximum validity period of the credit can be 5 years, and you can continue to apply after the validity period expires.

4. Long single loan term: The maximum maturity of a single loan may be up to 30 years.