Continuous Applying for credit
The revolving credit
The revolving credit is a loan for which you can withdraw unlimited up to the agreed limit. If you want to make additional or full repayments on your revolving credit, you can do so completely without penalty. The revolving credit therefore gives you optimal flexibility. The agreed credit limit is the maximum amount that you can withdraw. You can also withdraw additional amounts repaid on your revolving credit up to this limit. A revolving credit is a suitable form of loan if you want to have extra money on hand for unexpected expenses, for example.
Monthly term of revolving credit
The monthly installment of a revolving credit consists of interest and repayment. The interest is variable so that the part of the repayment can change within your monthly installment. If the interest rate rises, you pay less in repayment on your revolving credit and if the interest rate falls, you repay more on your revolving credit. You can repay part or all of extra repayment on a revolving credit.
Revolving credit a suitable loan?
Whether a revolving credit is a suitable loan for you depends on your personal and financial situation and the purpose of the loan. Do you want to take out a revolving credit? Get free advice from our expert advisers and request a quote without obligation .